SK Chemicals Stock Forecast - 4 Period Moving Average

A four-period moving average forecast model for SK Chemicals Co is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

SK Chemicals 4 Period Moving Average Price Forecast For the 28th of November

Given 90 days horizon, the 4 Period Moving Average forecasted value of SK Chemicals Co on the next trading day is expected to be 42,700 with a mean absolute deviation of 1,091, mean absolute percentage error of 1,842,845, and the sum of the absolute errors of 62,200.

SK Chemicals Stock Forecast Pattern

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SK Chemicals Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of SK Chemicals stock data series using in forecasting. Note that when a statistical model is used to represent SK Chemicals 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. The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of SK Chemicals. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for SK Chemicals Co and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for SK Chemicals

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SK Chemicals. 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 42,598 42,600 42,602 Details

Intrinsic Valuation Low Real High 37,137 37,138 46,860 Details

Bollinger Band Projection (param) Low Middle High 42,347 42,730 43,113 Details

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

Other Forecasting Options for SK Chemicals

For every potential investor in 285130, whether a beginner or expert, SK Chemicals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 285130 Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 285130. Basic forecasting techniques help filter out the noise by identifying SK Chemicals' price trends.

SK Chemicals Related Equities

Risk & Return

Correlation

SK Chemicals 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 SK Chemicals' 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 SK Chemicals' current price.

SK Chemicals Market Strength Events

SK Chemicals Risk Indicators

Pair Trading with SK Chemicals

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 SK Chemicals 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 SK Chemicals will appreciate offsetting losses from the drop in the long position's value.

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