The9 Stock Forecast - Polynomial Regression

NCTY
 Stock
  

USD 0.72  0.0049  0.68%   

The9 Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast The9 historical stock prices and determine the direction of The9 Ltd ADR'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 The9 historical fundamentals such as revenue growth or operating cash flow patterns.
Additionally, see Historical Fundamental Analysis of The9 to cross-verify your projections.
  

Open Interest Agains t 2022-12-16 The9 Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast The9's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest The9's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies The9 stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current The9's open interest, investors have to compare it to The9's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of The9 is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in The9. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in The9 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 The9's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets The9's price structures and extracts relationships that further increase the generated results' accuracy.
The9 polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for The9 Ltd ADR as well as the accuracy indicators are determined from the period prices.

The9 Polynomial Regression Price Forecast For the 2nd of December

Given 90 days horizon, the Polynomial Regression forecasted value of The9 Ltd ADR on the next trading day is expected to be 0.72 with a mean absolute deviation of 0.042122, mean absolute percentage error of 0.002944, and the sum of the absolute errors of 2.61.
Please note that although there have been many attempts to predict The9 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 The9's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

The9 Stock Forecast Pattern

Backtest The9The9 Price PredictionBuy or Sell Advice 

The9 Forecasted Value

In the context of forecasting The9's 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. The9's downside and upside margins for the forecasting period are 0.007151 and 5.77, respectively. We have considered The9's 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 0.72
0.007151
Downside
0.72
Expected Value
5.77
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 The9 stock data series using in forecasting. Note that when a statistical model is used to represent The9 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 Criteria114.1203
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0421
MAPEMean absolute percentage error0.046
SAESum of the absolute errors2.6116
A single variable polynomial regression model attempts to put a curve through the The9 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 The9

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as The9 Ltd ADR. 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 The9's 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 The9 in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.030.695.74
Details
Intrinsic
Valuation
LowReal ValueHigh
0.030.665.71
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.660.770.88
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as The9. Your research has to be compared to or analyzed against The9's peers to derive any actionable benefits. When done correctly, The9's 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 The9 Ltd ADR.

Other Forecasting Options for The9

For every potential investor in The9, whether a beginner or expert, The9's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. The9 Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in The9. Basic forecasting techniques help filter out the noise by identifying The9's price trends.

The9 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 The9 stock to make a market-neutral strategy. Peer analysis of The9 could also be used in its relative valuation, which is a method of valuing The9 by comparing valuation metrics with similar companies.
Giga MediaKnowles CorMeta MaterialsNetflixWalmartThomson Reuters CorpMastercardBoeingCoca-ColaJPMorgan ChaseAMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEAN
 Risk & Return  Correlation

The9 Ltd ADR 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 The9's 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 The9's current price.

The9 Market Strength Events

Market strength indicators help investors to evaluate how The9 stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading The9 shares will generate the highest return on investment. By undertsting and applying The9 stock market strength indicators, traders can identify The9 Ltd ADR entry and exit signals to maximize returns.

The9 Risk Indicators

The analysis of The9's 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 The9's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting The9 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in The9 without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as The9 Ltd ADR using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Additionally, see Historical Fundamental Analysis of The9 to cross-verify your projections. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running The9 Ltd ADR price analysis, check to measure The9's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy The9 is operating at the current time. Most of The9's value examination focuses on studying past and present price action to predict the probability of The9's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move The9's price. Additionally, you may evaluate how the addition of The9 to your portfolios can decrease your overall portfolio volatility.
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Is The9's 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 The9. If investors know The9 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 The9 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
16.6 M
Quarterly Revenue Growth YOY
62.21
Return On Assets
(0.29) 
Return On Equity
(1.87) 
The market value of The9 Ltd ADR is measured differently than its book value, which is the value of The9 that is recorded on the company's balance sheet. Investors also form their own opinion of The9's value that differs from its market value or its book value, called intrinsic value, which is The9's 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 The9's market value can be influenced by many factors that don't directly affect The9's 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 The9's value and its price as these two are different measures arrived at by different means. Investors typically determine The9 value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, The9's 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.