ABCO Electronics Stock Forecast - Naive Prediction
| 036010 Stock | KRW 4,615 5.00 0.11% |
The Naive Prediction forecasted value of ABCO Electronics Co on the next trading day is expected to be 4,395 with a mean absolute deviation of 170.53 and the sum of the absolute errors of 10,402. ABCO Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ABCO Electronics stock prices and determine the direction of ABCO Electronics Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ABCO Electronics' historical fundamentals, such as revenue growth or operating cash flow patterns.
ABCO |
ABCO Electronics Naive Prediction Price Forecast For the 24th of November
Given 90 days horizon, the Naive Prediction forecasted value of ABCO Electronics Co on the next trading day is expected to be 4,395 with a mean absolute deviation of 170.53, mean absolute percentage error of 44,106, and the sum of the absolute errors of 10,402.Please note that although there have been many attempts to predict ABCO 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 ABCO Electronics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ABCO Electronics Stock Forecast Pattern
| Backtest ABCO Electronics | ABCO Electronics Price Prediction | Buy or Sell Advice |
ABCO Electronics Forecasted Value
In the context of forecasting ABCO Electronics' 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. ABCO Electronics' downside and upside margins for the forecasting period are 4,391 and 4,398, respectively. We have considered ABCO Electronics' 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 ABCO Electronics stock data series using in forecasting. Note that when a statistical model is used to represent ABCO Electronics 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 | 128.8049 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 170.5319 |
| MAPE | Mean absolute percentage error | 0.0327 |
| SAE | Sum of the absolute errors | 10402.4472 |
Predictive Modules for ABCO Electronics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ABCO Electronics. 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 ABCO Electronics
For every potential investor in ABCO, whether a beginner or expert, ABCO Electronics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ABCO Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ABCO. Basic forecasting techniques help filter out the noise by identifying ABCO Electronics' price trends.ABCO Electronics 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 ABCO Electronics stock to make a market-neutral strategy. Peer analysis of ABCO Electronics could also be used in its relative valuation, which is a method of valuing ABCO Electronics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ABCO Electronics 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 ABCO Electronics' 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 ABCO Electronics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ABCO Electronics Market Strength Events
Market strength indicators help investors to evaluate how ABCO Electronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ABCO Electronics shares will generate the highest return on investment. By undertsting and applying ABCO Electronics stock market strength indicators, traders can identify ABCO Electronics Co entry and exit signals to maximize returns.
ABCO Electronics Risk Indicators
The analysis of ABCO Electronics' 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 ABCO Electronics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting abco 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 | 2.38 | |||
| Standard Deviation | 3.16 | |||
| Variance | 9.97 |
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.
Pair Trading with ABCO Electronics
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 ABCO Electronics 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 ABCO Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with ABCO Stock
The ability to find closely correlated positions to ABCO Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABCO Electronics 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 ABCO Electronics - 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 ABCO Electronics Co to buy it.
The correlation of ABCO Electronics is a statistical measure of how it moves in relation to other instruments. 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 ABCO Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABCO Electronics 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 ABCO Electronics 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.Other Information on Investing in ABCO Stock
ABCO Electronics financial ratios help investors to determine whether ABCO 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 ABCO with respect to the benefits of owning ABCO Electronics security.