Argosy Research Stock Forecast - Naive Prediction

3217 Stock  TWD 151.50  3.50  2.36%   
The Naive Prediction forecasted value of Argosy Research on the next trading day is expected to be 147.88 with a mean absolute deviation of 2.43 and the sum of the absolute errors of 147.99. Argosy Stock Forecast is based on your current time horizon.
  
A naive forecasting model for Argosy Research is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Argosy Research 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.

Argosy Research Naive Prediction Price Forecast For the 23rd of November

Given 90 days horizon, the Naive Prediction forecasted value of Argosy Research on the next trading day is expected to be 147.88 with a mean absolute deviation of 2.43, mean absolute percentage error of 9.51, and the sum of the absolute errors of 147.99.
Please note that although there have been many attempts to predict Argosy 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 Argosy Research's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Argosy Research Stock Forecast Pattern

Backtest Argosy ResearchArgosy Research Price PredictionBuy or Sell Advice 

Argosy Research Forecasted Value

In the context of forecasting Argosy Research'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. Argosy Research's downside and upside margins for the forecasting period are 145.81 and 149.94, respectively. We have considered Argosy Research'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.
Market Value
151.50
145.81
Downside
147.88
Expected Value
149.94
Upside

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 Argosy Research stock data series using in forecasting. Note that when a statistical model is used to represent Argosy Research 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.
AICAkaike Information Criteria120.3631
BiasArithmetic mean of the errors None
MADMean absolute deviation2.426
MAPEMean absolute percentage error0.016
SAESum of the absolute errors147.988
This model is not at all useful as a medium-long range forecasting tool of Argosy Research. 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 Argosy Research. 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 Argosy Research

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Argosy Research. 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
LowEstimatedHigh
149.43151.50153.57
Details
Intrinsic
Valuation
LowRealHigh
150.81152.88154.95
Details
Bollinger
Band Projection (param)
LowMiddleHigh
142.40150.99159.57
Details

Other Forecasting Options for Argosy Research

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

Argosy Research 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 Argosy Research stock to make a market-neutral strategy. Peer analysis of Argosy Research could also be used in its relative valuation, which is a method of valuing Argosy Research by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Argosy Research 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 Argosy Research'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 Argosy Research's current price.

Argosy Research Market Strength Events

Market strength indicators help investors to evaluate how Argosy Research stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Argosy Research shares will generate the highest return on investment. By undertsting and applying Argosy Research stock market strength indicators, traders can identify Argosy Research entry and exit signals to maximize returns.

Argosy Research Risk Indicators

The analysis of Argosy Research'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 Argosy Research's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting argosy 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.
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 Argosy Research

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 Argosy Research 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 Argosy Research will appreciate offsetting losses from the drop in the long position's value.

Moving against Argosy Stock

  0.385309 SysgrationPairCorr
  0.356488 GlobalWafersPairCorr
The ability to find closely correlated positions to Argosy Research could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Argosy Research 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 Argosy Research - 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 Argosy Research to buy it.
The correlation of Argosy Research 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 Argosy Research moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Argosy Research 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 Argosy Research 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.
Pair CorrelationCorrelation Matching

Additional Tools for Argosy Stock Analysis

When running Argosy Research's price analysis, check to measure Argosy Research'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 Argosy Research is operating at the current time. Most of Argosy Research's value examination focuses on studying past and present price action to predict the probability of Argosy Research's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argosy Research's price. Additionally, you may evaluate how the addition of Argosy Research to your portfolios can decrease your overall portfolio volatility.