RENEWI PLC Stock Forecast - Polynomial Regression

RWI
 Stock
  

GBp 548.00  12.00  2.14%   

RENEWI Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast RENEWI PLC historical stock prices and determine the direction of RENEWI PLC 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 RENEWI PLC historical fundamentals such as revenue growth or operating cash flow patterns.
Additionally, take a look at Historical Fundamental Analysis of RENEWI PLC to cross-verify your projections.
  
Most investors in RENEWI PLC 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 RENEWI PLC's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets RENEWI PLC's price structures and extracts relationships that further increase the generated results' accuracy.
RENEWI PLC polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for RENEWI PLC ORD as well as the accuracy indicators are determined from the period prices.

RENEWI PLC Polynomial Regression Price Forecast For the 29th of November

Given 90 days horizon, the Polynomial Regression forecasted value of RENEWI PLC ORD on the next trading day is expected to be 562.35 with a mean absolute deviation of 14.56, mean absolute percentage error of 368.09, and the sum of the absolute errors of 888.31.
Please note that although there have been many attempts to predict RENEWI 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 RENEWI PLC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

RENEWI PLC Stock Forecast Pattern

Backtest RENEWI PLCRENEWI PLC Price PredictionBuy or Sell Advice 

RENEWI PLC Forecasted Value

In the context of forecasting RENEWI PLC'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. RENEWI PLC's downside and upside margins for the forecasting period are 559.94 and 564.77, respectively. We have considered RENEWI PLC'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 548.00
559.94
Downside
562.35
Expected Value
564.77
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 RENEWI PLC stock data series using in forecasting. Note that when a statistical model is used to represent RENEWI PLC 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 Criteria124.0188
BiasArithmetic mean of the errors None
MADMean absolute deviation14.5625
MAPEMean absolute percentage error0.0245
SAESum of the absolute errors888.3117
A single variable polynomial regression model attempts to put a curve through the RENEWI PLC 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 RENEWI PLC

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RENEWI PLC 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 RENEWI PLC'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 RENEWI PLC in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
545.59548.00550.41
Details
Intrinsic
Valuation
LowReal ValueHigh
486.05488.46602.80
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as RENEWI PLC. Your research has to be compared to or analyzed against RENEWI PLC's peers to derive any actionable benefits. When done correctly, RENEWI PLC'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 RENEWI PLC ORD.

Other Forecasting Options for RENEWI PLC

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

RENEWI PLC 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 RENEWI PLC stock to make a market-neutral strategy. Peer analysis of RENEWI PLC could also be used in its relative valuation, which is a method of valuing RENEWI PLC by comparing valuation metrics with similar companies.
RENEWI PLC ORDBAE SYSTEMS PLCFIDELITY SPECIAL VALUESLEXINGTON GOLD LTDRIO TINTO PLCSECURE PROPERTY DEVEPEMBROKE VCT PLCEASYJET PLC ORDROLLS ROYCE HOLDINGSPOLYMETAL INTERNATIONALAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual European
 Risk & Return  Correlation

RENEWI PLC 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 RENEWI PLC'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 RENEWI PLC's current price.

RENEWI PLC Market Strength Events

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

RENEWI PLC Risk Indicators

The analysis of RENEWI PLC'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 RENEWI PLC's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting RENEWI PLC 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 RENEWI PLC 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, RENEWI PLC's short interest history, or implied volatility extrapolated from RENEWI PLC options trading.

Currently Active Assets on Macroaxis

Additionally, take a look at Historical Fundamental Analysis of RENEWI PLC to cross-verify your projections. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for analysis

When running RENEWI PLC ORD price analysis, check to measure RENEWI PLC'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 RENEWI PLC is operating at the current time. Most of RENEWI PLC's value examination focuses on studying past and present price action to predict the probability of RENEWI PLC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move RENEWI PLC's price. Additionally, you may evaluate how the addition of RENEWI PLC to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between RENEWI PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine RENEWI PLC value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RENEWI PLC'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.