INSUN Environmental Stock Forecast - Naive Prediction

A naive forecasting model for INSUN Environmental is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of INSUN Environmental New value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

INSUN Environmental Naive Prediction Price Forecast For the 25th of December

Given 90 days horizon, the Naive Prediction forecasted value of INSUN Environmental New on the next trading day is expected to be 5,673 with a mean absolute deviation of 125.54, mean absolute percentage error of 29,941, and the sum of the absolute errors of 7,658.

INSUN Environmental Stock Forecast Pattern

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INSUN Environmental Price Prediction

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INSUN Environmental Forecasted Value

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 INSUN Environmental stock data series using in forecasting. Note that when a statistical model is used to represent INSUN Environmental 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. This model is not at all useful as a medium-long range forecasting tool of INSUN Environmental New. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict INSUN Environmental. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for INSUN Environmental

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as INSUN Environmental New. 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.

Hype Prediction Low Estimated High 5,457 5,460 5,463 Details

Intrinsic Valuation Low Real High 4,456 4,458 6,006 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as INSUN Environmental. Your research has to be compared to or analyzed against INSUN Environmental's peers to derive any actionable benefits. When done correctly, INSUN Environmental's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in INSUN Environmental New.

Other Forecasting Options for INSUN Environmental

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

INSUN Environmental Related Equities

Risk & Return

Correlation

INSUN Environmental New 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 INSUN Environmental'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 INSUN Environmental's current price.

INSUN Environmental Market Strength Events

INSUN Environmental Risk Indicators

Pair Trading with INSUN Environmental

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 INSUN Environmental 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 INSUN Environmental will appreciate offsetting losses from the drop in the long position's value.

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