Wah Lee Stock Forecast - 20 Period Moving Average
| 3010 Stock | TWD 124.00 4.00 3.33% |
The 20 Period Moving Average forecasted value of Wah Lee Industrial on the next trading day is expected to be 121.92 with a mean absolute deviation of 2.19 and the sum of the absolute errors of 89.63. Wah Stock Forecast is based on your current time horizon.
Wah |
Wah Lee 20 Period Moving Average Price Forecast For the 24th of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of Wah Lee Industrial on the next trading day is expected to be 121.92 with a mean absolute deviation of 2.19, mean absolute percentage error of 6.23, and the sum of the absolute errors of 89.63.Please note that although there have been many attempts to predict Wah 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 Wah Lee's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Wah Lee Stock Forecast Pattern
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Wah Lee Forecasted Value
In the context of forecasting Wah Lee'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. Wah Lee's downside and upside margins for the forecasting period are 120.02 and 123.83, respectively. We have considered Wah Lee'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Wah Lee stock data series using in forecasting. Note that when a statistical model is used to represent Wah Lee 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 | 83.1829 |
| Bias | Arithmetic mean of the errors | 1.4287 |
| MAD | Mean absolute deviation | 2.186 |
| MAPE | Mean absolute percentage error | 0.0178 |
| SAE | Sum of the absolute errors | 89.625 |
Predictive Modules for Wah Lee
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wah Lee Industrial. 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 Wah Lee
For every potential investor in Wah, whether a beginner or expert, Wah Lee's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wah Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wah. Basic forecasting techniques help filter out the noise by identifying Wah Lee's price trends.Wah Lee 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 Wah Lee stock to make a market-neutral strategy. Peer analysis of Wah Lee could also be used in its relative valuation, which is a method of valuing Wah Lee by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wah Lee Industrial 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 Wah Lee'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 Wah Lee's current price.| Cycle Indicators | ||
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| Volume Indicators |
Wah Lee Market Strength Events
Market strength indicators help investors to evaluate how Wah Lee stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wah Lee shares will generate the highest return on investment. By undertsting and applying Wah Lee stock market strength indicators, traders can identify Wah Lee Industrial entry and exit signals to maximize returns.
Wah Lee Risk Indicators
The analysis of Wah Lee'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 Wah Lee's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wah 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 | 1.39 | |||
| Standard Deviation | 1.9 | |||
| Variance | 3.62 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Wah Stock Analysis
When running Wah Lee's price analysis, check to measure Wah Lee'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 Wah Lee is operating at the current time. Most of Wah Lee's value examination focuses on studying past and present price action to predict the probability of Wah Lee's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wah Lee's price. Additionally, you may evaluate how the addition of Wah Lee to your portfolios can decrease your overall portfolio volatility.