Maeil Dairies Stock Forecast - Naive Prediction

A naive forecasting model for Maeil Dairies is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Maeil Dairies Co 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.

Maeil Dairies Naive Prediction Price Forecast For the 28th of November

Given 90 days horizon, the Naive Prediction forecasted value of Maeil Dairies Co on the next trading day is expected to be 38,051 with a mean absolute deviation of 323.76, mean absolute percentage error of 178,026, and the sum of the absolute errors of 19,749.

Maeil Dairies Stock Forecast Pattern

Backtest Maeil Dairies

Maeil Dairies Price Prediction

Buy or Sell Advice

Maeil Dairies 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 Maeil Dairies stock data series using in forecasting. Note that when a statistical model is used to represent Maeil Dairies 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 Maeil Dairies Co. 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 Maeil Dairies. 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 Maeil Dairies

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Maeil Dairies. 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 37,799 37,800 37,801 Details

Intrinsic Valuation Low Real High 31,961 31,962 41,580 Details

Bollinger Band Projection (param) Low Middle High 36,494 37,756 39,019 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Maeil Dairies. Your research has to be compared to or analyzed against Maeil Dairies' peers to derive any actionable benefits. When done correctly, Maeil Dairies' 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 Maeil Dairies.

Other Forecasting Options for Maeil Dairies

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

Maeil Dairies Related Equities

Risk & Return

Correlation

Maeil Dairies 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 Maeil Dairies' 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 Maeil Dairies' current price.

Maeil Dairies Market Strength Events

Maeil Dairies Risk Indicators

Pair Trading with Maeil Dairies

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 Maeil Dairies 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 Maeil Dairies will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Maeil Stock