YAL 2.71% $5.39 yancoal australia limited

I used the historic data, used liner regression model Linear...

  1. 2,853 Posts.
    lightbulb Created with Sketch. 789
    I used the historic data, used liner regression model Linear

    Linear Regression Equation:

    The predicted closing price can be estimated using the equation:

    Predicted Price=(Slope×Date in Ordinal Format)+Intercept\text{Predicted Price} = (\text{Slope} \times \text{Date in Ordinal Format}) + \text{Intercept}Predicted Price=(Slope×Date in Ordinal Format)+Intercept

    An R-squared value of 0.71 indicates that about 71% of the variance in Yancoal's closing prices can be explained by the linear regression model. This suggests that the model has a moderate level of accuracy in predicting price movements based on historical trendsfactors, such as market conditions, economic events, and company-specific news, may also impact the stock price, so it has some 29 percent variance level..
 
watchlist Created with Sketch. Add YAL (ASX) to my watchlist
(20min delay)
Last
$5.39
Change
-0.150(2.71%)
Mkt cap ! $7.117B
Open High Low Value Volume
$5.57 $5.59 $5.37 $17.65M 3.230M

Buyers (Bids)

No. Vol. Price($)
1 14032 $5.37
 

Sellers (Offers)

Price($) Vol. No.
$5.39 23323 3
View Market Depth
Last trade - 16.10pm 10/09/2024 (20 minute delay) ?
YAL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.