Doosan Fuel Stock Forecast - 20 Period Moving Average

336260 Stock   17,890  840.00  4.93%   
The 20 Period Moving Average forecasted value of Doosan Fuel Cell on the next trading day is expected to be 16,294 with a mean absolute deviation of 915.06 and the sum of the absolute errors of 37,518. Doosan Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Doosan Fuel stock prices and determine the direction of Doosan Fuel Cell's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Doosan Fuel's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A commonly used 20-period moving average forecast model for Doosan Fuel Cell is based on a synthetically constructed Doosan Fueldaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Doosan Fuel 20 Period Moving Average Price Forecast For the 28th of November

Given 90 days horizon, the 20 Period Moving Average forecasted value of Doosan Fuel Cell on the next trading day is expected to be 16,294 with a mean absolute deviation of 915.06, mean absolute percentage error of 1,240,881, and the sum of the absolute errors of 37,518.
Please note that although there have been many attempts to predict Doosan 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 Doosan Fuel's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Doosan Fuel Stock Forecast Pattern

Backtest Doosan FuelDoosan Fuel Price PredictionBuy or Sell Advice 

Doosan Fuel Forecasted Value

In the context of forecasting Doosan Fuel'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. Doosan Fuel's downside and upside margins for the forecasting period are 16,290 and 16,297, respectively. We have considered Doosan Fuel'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
17,890
16,290
Downside
16,294
Expected Value
16,297
Upside

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 Doosan Fuel stock data series using in forecasting. Note that when a statistical model is used to represent Doosan Fuel 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 Criteria95.3843
BiasArithmetic mean of the errors 582.9634
MADMean absolute deviation915.061
MAPEMean absolute percentage error0.0559
SAESum of the absolute errors37517.5
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Doosan Fuel Cell 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Doosan Fuel

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Doosan Fuel Cell. 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
17,88717,89017,893
Details
Intrinsic
Valuation
LowRealHigh
14,61714,62019,679
Details
Bollinger
Band Projection (param)
LowMiddleHigh
14,12816,51118,894
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Doosan Fuel. Your research has to be compared to or analyzed against Doosan Fuel's peers to derive any actionable benefits. When done correctly, Doosan Fuel's 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 Doosan Fuel Cell.

Other Forecasting Options for Doosan Fuel

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

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

Doosan Fuel Cell 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 Doosan Fuel'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 Doosan Fuel's current price.

Doosan Fuel Market Strength Events

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

Doosan Fuel Risk Indicators

The analysis of Doosan Fuel'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 Doosan Fuel's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting doosan 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 Doosan Fuel

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 Doosan Fuel 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 Doosan Fuel will appreciate offsetting losses from the drop in the long position's value.

Moving together with Doosan Stock

  0.64010120 LS ElectricPairCorr

Moving against Doosan Stock

  0.5105560 KB Financial GroupPairCorr
  0.49032830 Samsung LifePairCorr
  0.48024110 Industrial BankPairCorr
  0.33316140 Woori Financial GroupPairCorr
The ability to find closely correlated positions to Doosan Fuel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doosan Fuel 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 Doosan Fuel - 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 Doosan Fuel Cell to buy it.
The correlation of Doosan Fuel 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 Doosan Fuel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doosan Fuel Cell 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 Doosan Fuel 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

Other Information on Investing in Doosan Stock

Doosan Fuel financial ratios help investors to determine whether Doosan 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 Doosan with respect to the benefits of owning Doosan Fuel security.