Wanda Cinema Stock Forecast - Naive Prediction
| 002739 Stock | 12.72 0.45 3.67% |
The Naive Prediction forecasted value of Wanda Cinema Line on the next trading day is expected to be 12.58 with a mean absolute deviation of 0.37 and the sum of the absolute errors of 22.83. Wanda Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Wanda Cinema stock prices and determine the direction of Wanda Cinema Line's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Wanda Cinema's historical fundamentals, such as revenue growth or operating cash flow patterns.
Wanda |
Wanda Cinema Naive Prediction Price Forecast For the 4th of December
Given 90 days horizon, the Naive Prediction forecasted value of Wanda Cinema Line on the next trading day is expected to be 12.58 with a mean absolute deviation of 0.37, mean absolute percentage error of 0.29, and the sum of the absolute errors of 22.83.Please note that although there have been many attempts to predict Wanda 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 Wanda Cinema's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Wanda Cinema Stock Forecast Pattern
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Wanda Cinema Forecasted Value
In the context of forecasting Wanda Cinema'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. Wanda Cinema's downside and upside margins for the forecasting period are 9.28 and 15.88, respectively. We have considered Wanda Cinema'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Wanda Cinema stock data series using in forecasting. Note that when a statistical model is used to represent Wanda Cinema 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.| AIC | Akaike Information Criteria | 118.7088 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3683 |
| MAPE | Mean absolute percentage error | 0.0333 |
| SAE | Sum of the absolute errors | 22.8348 |
Predictive Modules for Wanda Cinema
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wanda Cinema Line. Regardless of method or technology, however, to accurately forecast the stock 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.Other Forecasting Options for Wanda Cinema
For every potential investor in Wanda, whether a beginner or expert, Wanda Cinema's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wanda Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wanda. Basic forecasting techniques help filter out the noise by identifying Wanda Cinema's price trends.Wanda Cinema 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 Wanda Cinema stock to make a market-neutral strategy. Peer analysis of Wanda Cinema could also be used in its relative valuation, which is a method of valuing Wanda Cinema by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wanda Cinema Line 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 Wanda Cinema'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 Wanda Cinema's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
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| Volume Indicators |
Wanda Cinema Market Strength Events
Market strength indicators help investors to evaluate how Wanda Cinema stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wanda Cinema shares will generate the highest return on investment. By undertsting and applying Wanda Cinema stock market strength indicators, traders can identify Wanda Cinema Line entry and exit signals to maximize returns.
Wanda Cinema Risk Indicators
The analysis of Wanda Cinema's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Wanda Cinema's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wanda stock prices, 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.
| Mean Deviation | 2.27 | |||
| Semi Deviation | 2.65 | |||
| Standard Deviation | 3.2 | |||
| Variance | 10.26 | |||
| Downside Variance | 8.67 | |||
| Semi Variance | 7.03 | |||
| Expected Short fall | (2.48) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Wanda Stock
Wanda Cinema financial ratios help investors to determine whether Wanda Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wanda with respect to the benefits of owning Wanda Cinema security.