NAU IB Stock Forecast - Double Exponential Smoothing
293580 Stock | KRW 890.00 15.00 1.66% |
The Double Exponential Smoothing forecasted value of NAU IB Capital on the next trading day is expected to be 885.00 with a mean absolute deviation of 10.25 and the sum of the absolute errors of 605.00. NAU Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast NAU IB stock prices and determine the direction of NAU IB Capital's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of NAU IB's historical fundamentals, such as revenue growth or operating cash flow patterns.
NAU |
NAU IB Double Exponential Smoothing Price Forecast For the 3rd of December
Given 90 days horizon, the Double Exponential Smoothing forecasted value of NAU IB Capital on the next trading day is expected to be 885.00 with a mean absolute deviation of 10.25, mean absolute percentage error of 159.20, and the sum of the absolute errors of 605.00.Please note that although there have been many attempts to predict NAU 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 NAU IB's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
NAU IB Stock Forecast Pattern
Backtest NAU IB | NAU IB Price Prediction | Buy or Sell Advice |
NAU IB Forecasted Value
In the context of forecasting NAU IB'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. NAU IB's downside and upside margins for the forecasting period are 883.70 and 886.30, respectively. We have considered NAU IB'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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of NAU IB stock data series using in forecasting. Note that when a statistical model is used to represent NAU IB 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 | Huge |
Bias | Arithmetic mean of the errors | -3.0678 |
MAD | Mean absolute deviation | 10.2542 |
MAPE | Mean absolute percentage error | 0.0108 |
SAE | Sum of the absolute errors | 605.0 |
Predictive Modules for NAU IB
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NAU IB Capital. 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 NAU IB
For every potential investor in NAU, whether a beginner or expert, NAU IB's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NAU Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NAU. Basic forecasting techniques help filter out the noise by identifying NAU IB's price trends.NAU IB 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 NAU IB stock to make a market-neutral strategy. Peer analysis of NAU IB could also be used in its relative valuation, which is a method of valuing NAU IB by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
NAU IB Capital 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 NAU IB'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 NAU IB's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
NAU IB Market Strength Events
Market strength indicators help investors to evaluate how NAU IB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NAU IB shares will generate the highest return on investment. By undertsting and applying NAU IB stock market strength indicators, traders can identify NAU IB Capital entry and exit signals to maximize returns.
Accumulation Distribution | 0.021 | |||
Daily Balance Of Power | (0.79) | |||
Rate Of Daily Change | 0.98 | |||
Day Median Price | 895.5 | |||
Day Typical Price | 893.67 | |||
Market Facilitation Index | 19.0 | |||
Price Action Indicator | (13.00) | |||
Period Momentum Indicator | (15.00) |
NAU IB Risk Indicators
The analysis of NAU IB'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 NAU IB's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nau 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 | 1.05 | |||
Standard Deviation | 1.34 | |||
Variance | 1.78 |
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 NAU IB
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 NAU IB 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 NAU IB will appreciate offsetting losses from the drop in the long position's value.Moving together with NAU Stock
Moving against NAU Stock
0.68 | 105560 | KB Financial Group | PairCorr |
0.65 | 027360 | Aju IB Investment | PairCorr |
0.62 | 032830 | Samsung Life | PairCorr |
0.54 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to NAU IB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NAU IB 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 NAU IB - 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 NAU IB Capital to buy it.
The correlation of NAU IB 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 NAU IB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NAU IB Capital 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 NAU IB 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 NAU Stock
NAU IB financial ratios help investors to determine whether NAU 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 NAU with respect to the benefits of owning NAU IB security.