Bnp Paribas OTC Stock Forecast - Polynomial Regression

BNPQF
 Stock
  

USD 43.03  0.70  1.60%   

BNPQF OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bnp Paribas historical stock prices and determine the direction of Bnp Paribas Ord's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Bnp Paribas historical fundamentals such as revenue growth or operating cash flow patterns.
Continue to Historical Fundamental Analysis of Bnp Paribas to cross-verify your projections.
  
Most investors in Bnp Paribas cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Bnp Paribas' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Bnp Paribas' price structures and extracts relationships that further increase the generated results' accuracy.
Bnp Paribas polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Bnp Paribas Ord as well as the accuracy indicators are determined from the period prices.

Bnp Paribas Polynomial Regression Price Forecast For the 7th of October

Given 90 days horizon, the Polynomial Regression forecasted value of Bnp Paribas Ord on the next trading day is expected to be 42.58 with a mean absolute deviation of 1.39, mean absolute percentage error of 2.77, and the sum of the absolute errors of 84.57.
Please note that although there have been many attempts to predict BNPQF OTC Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Bnp Paribas' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Bnp Paribas OTC Stock Forecast Pattern

Backtest Bnp ParibasBnp Paribas Price PredictionBuy or Sell Advice 

Bnp Paribas Forecasted Value

In the context of forecasting Bnp Paribas' OTC Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Bnp Paribas' downside and upside margins for the forecasting period are 39.55 and 45.60, respectively. We have considered Bnp Paribas' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value 43.03
42.58
Expected Value
45.60
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Bnp Paribas otc stock data series using in forecasting. Note that when a statistical model is used to represent Bnp Paribas otc stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria119.1277
BiasArithmetic mean of the errors None
MADMean absolute deviation1.3864
MAPEMean absolute percentage error0.0295
SAESum of the absolute errors84.5692
A single variable polynomial regression model attempts to put a curve through the Bnp Paribas historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Bnp Paribas

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bnp Paribas Ord. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Bnp Paribas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Bnp Paribas in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
40.0443.0646.08
Details
Intrinsic
Valuation
LowReal ValueHigh
39.9142.9345.95
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bnp Paribas. Your research has to be compared to or analyzed against Bnp Paribas' peers to derive any actionable benefits. When done correctly, Bnp Paribas' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Bnp Paribas Ord.

Other Forecasting Options for Bnp Paribas

For every potential investor in BNPQF, whether a beginner or expert, Bnp Paribas' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BNPQF OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BNPQF. Basic forecasting techniques help filter out the noise by identifying Bnp Paribas' price trends.

Bnp Paribas Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bnp Paribas otc stock to make a market-neutral strategy. Peer analysis of Bnp Paribas could also be used in its relative valuation, which is a method of valuing Bnp Paribas by comparing valuation metrics with similar companies.
Amazon IncAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondMaiden Holdings NorthSeagate Technology HldgsVistra Energy CorpExxon Mobil Corp
 Risk & Return  Correlation

Bnp Paribas Ord Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Bnp Paribas' price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Bnp Paribas' current price.

Bnp Paribas Risk Indicators

The analysis of Bnp Paribas' basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Bnp Paribas' investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Bnp Paribas stock price, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bnp Paribas in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bnp Paribas' short interest history, or implied volatility extrapolated from Bnp Paribas options trading.

Pair Trading with Bnp Paribas

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bnp Paribas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bnp Paribas will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Bnp Paribas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bnp Paribas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bnp Paribas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bnp Paribas Ord to buy it.
The correlation of Bnp Paribas is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bnp Paribas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bnp Paribas Ord moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bnp Paribas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Historical Fundamental Analysis of Bnp Paribas to cross-verify your projections. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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Is Bnp Paribas' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bnp Paribas. If investors know BNPQF will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bnp Paribas listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Bnp Paribas Ord is measured differently than its book value, which is the value of BNPQF that is recorded on the company's balance sheet. Investors also form their own opinion of Bnp Paribas' value that differs from its market value or its book value, called intrinsic value, which is Bnp Paribas' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bnp Paribas' market value can be influenced by many factors that don't directly affect Bnp Paribas' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bnp Paribas' value and its price as these two are different measures arrived at by different means. Investors typically determine Bnp Paribas value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bnp Paribas' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.