Munsin Garment Stock Forward View
| 2916 Stock | TWD 46.80 0.30 0.65% |
Munsin Stock outlook is based on your current time horizon.
As of today, the value of RSI of Munsin Garment's share price is approaching 38. This suggests that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Munsin Garment, making its price go up or down. Momentum 38
Sell Extended
Oversold | Overbought |
Using Munsin Garment hype-based prediction, you can estimate the value of Munsin Garment from the perspective of Munsin Garment response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Munsin Garment on the next trading day is expected to be 47.43 with a mean absolute deviation of 0.24 and the sum of the absolute errors of 15.04. Munsin Garment after-hype prediction price | TWD 46.8 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Munsin |
Munsin Garment Additional Predictive Modules
Most predictive techniques to examine Munsin price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Munsin using various technical indicators. When you analyze Munsin charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Munsin Garment Naive Prediction Price Forecast For the 5th of February
Given 90 days horizon, the Naive Prediction forecasted value of Munsin Garment on the next trading day is expected to be 47.43 with a mean absolute deviation of 0.24, mean absolute percentage error of 0.09, and the sum of the absolute errors of 15.04.Please note that although there have been many attempts to predict Munsin Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Munsin Garment's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Munsin Garment Stock Forecast Pattern
| Backtest Munsin Garment | Munsin Garment Price Prediction | Research Analysis |
Munsin Garment Forecasted Value
In the context of forecasting Munsin Garment'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. Munsin Garment's downside and upside margins for the forecasting period are 46.76 and 48.09, respectively. We have considered Munsin Garment'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 Munsin Garment stock data series using in forecasting. Note that when a statistical model is used to represent Munsin Garment 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 | 117.5717 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2426 |
| MAPE | Mean absolute percentage error | 0.005 |
| SAE | Sum of the absolute errors | 15.0432 |
Predictive Modules for Munsin Garment
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Munsin Garment. 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.Munsin Garment After-Hype Price Density Analysis
As far as predicting the price of Munsin Garment at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Munsin Garment or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Munsin Garment, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Munsin Garment Estimiated After-Hype Price Volatility
In the context of predicting Munsin Garment's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Munsin Garment's historical news coverage. Munsin Garment's after-hype downside and upside margins for the prediction period are 46.13 and 47.47, respectively. We have considered Munsin Garment's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Munsin Garment is very steady at this time. Analysis and calculation of next after-hype price of Munsin Garment is based on 3 months time horizon.
Munsin Garment Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Munsin Garment is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Munsin Garment backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Munsin Garment, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.06 | 0.66 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
46.80 | 46.80 | 0.00 |
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Munsin Garment Hype Timeline
Munsin Garment is presently traded for 46.80on Taiwan OTC Exchange of Taiwan. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Munsin is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is presently at -0.06%. %. The volatility of related hype on Munsin Garment is about 0.0%, with the expected price after the next announcement by competition of 46.80. About 56.0% of the company shares are owned by insiders or employees . The company has Price-to-Book (P/B) ratio of 1.35. In the past many companies with similar price-to-book ratios have beat the market. Munsin Garment last dividend was issued on the 23rd of June 2022. Assuming the 90 days trading horizon the next anticipated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Munsin Garment to cross-verify your projections.Munsin Garment Related Hype Analysis
Having access to credible news sources related to Munsin Garment's direct competition is more important than ever and may enhance your ability to predict Munsin Garment's future price movements. Getting to know how Munsin Garment's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Munsin Garment may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| 1341 | Fulin Plastic Industry | 0.00 | 0 per month | 0.00 | (0.07) | 1.57 | (2.33) | 5.17 | |
| 1451 | Nien Hsing Textile | 0.00 | 0 per month | 0.49 | 0.04 | 1.79 | (1.15) | 4.74 | |
| 1463 | Chyang Sheng Dyeing | 0.00 | 0 per month | 0.86 | 0.02 | 1.17 | (1.27) | 7.57 | |
| 1439 | Chuwa Wool Industry | 0.00 | 0 per month | 0.94 | 0.03 | 1.87 | (1.84) | 10.56 | |
| 1475 | Big Sunshine Co | 0.00 | 0 per month | 0.00 | (0.28) | 1.64 | (3.29) | 5.34 | |
| 4439 | TST Group Holding | 0.00 | 0 per month | 1.19 | 0.09 | 3.40 | (2.43) | 10.61 | |
| 4414 | Roo Hsing Co | 0.00 | 0 per month | 0.00 | (0.03) | 3.91 | (2.24) | 12.91 | |
| 1457 | Yi Jinn Industrial | 0.00 | 0 per month | 0.00 | (0.22) | 1.24 | (1.31) | 4.61 | |
| 1459 | Lan Fa Textile | 0.00 | 0 per month | 0.00 | (0.1) | 1.27 | (1.26) | 4.60 | |
| 1446 | Hong Ho Precision | 0.00 | 0 per month | 0.00 | (0.13) | 1.90 | (2.67) | 10.01 |
Other Forecasting Options for Munsin Garment
For every potential investor in Munsin, whether a beginner or expert, Munsin Garment's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Munsin Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Munsin. Basic forecasting techniques help filter out the noise by identifying Munsin Garment's price trends.Munsin Garment 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 Munsin Garment stock to make a market-neutral strategy. Peer analysis of Munsin Garment could also be used in its relative valuation, which is a method of valuing Munsin Garment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Munsin Garment Market Strength Events
Market strength indicators help investors to evaluate how Munsin Garment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Munsin Garment shares will generate the highest return on investment. By undertsting and applying Munsin Garment stock market strength indicators, traders can identify Munsin Garment entry and exit signals to maximize returns.
Munsin Garment Risk Indicators
The analysis of Munsin Garment'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 Munsin Garment's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting munsin 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 | 0.4557 | |||
| Standard Deviation | 0.6566 | |||
| Variance | 0.4311 |
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.
Story Coverage note for Munsin Garment
The number of cover stories for Munsin Garment depends on current market conditions and Munsin Garment's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Munsin Garment is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Munsin Garment's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Tools for Munsin Stock Analysis
When running Munsin Garment's price analysis, check to measure Munsin Garment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Munsin Garment is operating at the current time. Most of Munsin Garment's value examination focuses on studying past and present price action to predict the probability of Munsin Garment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Munsin Garment's price. Additionally, you may evaluate how the addition of Munsin Garment to your portfolios can decrease your overall portfolio volatility.