Elite Advanced Stock Forecast - Naive Prediction
| 3450 Stock | TWD 256.00 2.00 0.79% |
The Naive Prediction forecasted value of Elite Advanced Laser on the next trading day is expected to be 264.48 with a mean absolute deviation of 8.26 and the sum of the absolute errors of 511.96. Elite Stock Forecast is based on your current time horizon.
At this time the value of rsi of Elite Advanced's share price is below 20 . This suggests that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Elite Advanced hype-based prediction, you can estimate the value of Elite Advanced Laser from the perspective of Elite Advanced response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Elite Advanced Laser on the next trading day is expected to be 264.48 with a mean absolute deviation of 8.26 and the sum of the absolute errors of 511.96. Elite Advanced after-hype prediction price | TWD 256.0 |
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.
Elite |
Elite Advanced Additional Predictive Modules
Most predictive techniques to examine Elite price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Elite using various technical indicators. When you analyze Elite 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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| Volatility Indicators | ||
| Volume Indicators |
Elite Advanced Naive Prediction Price Forecast For the 25th of January
Given 90 days horizon, the Naive Prediction forecasted value of Elite Advanced Laser on the next trading day is expected to be 264.48 with a mean absolute deviation of 8.26, mean absolute percentage error of 128.19, and the sum of the absolute errors of 511.96.Please note that although there have been many attempts to predict Elite 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 Elite Advanced's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Elite Advanced Stock Forecast Pattern
| Backtest Elite Advanced | Elite Advanced Price Prediction | Buy or Sell Advice |
Elite Advanced Forecasted Value
In the context of forecasting Elite Advanced'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. Elite Advanced's downside and upside margins for the forecasting period are 261.17 and 267.80, respectively. We have considered Elite Advanced'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 Elite Advanced stock data series using in forecasting. Note that when a statistical model is used to represent Elite Advanced 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 | 124.8019 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 8.2575 |
| MAPE | Mean absolute percentage error | 0.0332 |
| SAE | Sum of the absolute errors | 511.9641 |
Predictive Modules for Elite Advanced
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elite Advanced Laser. 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.Elite Advanced After-Hype Price Prediction Density Analysis
As far as predicting the price of Elite Advanced 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 Elite Advanced 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 Elite Advanced, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Elite Advanced Estimiated After-Hype Price Volatility
In the context of predicting Elite Advanced's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Elite Advanced's historical news coverage. Elite Advanced's after-hype downside and upside margins for the prediction period are 252.68 and 259.32, respectively. We have considered Elite Advanced'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 outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Elite Advanced is very steady at this time. Analysis and calculation of next after-hype price of Elite Advanced Laser is based on 3 months time horizon.
Elite Advanced Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Elite Advanced is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Elite Advanced 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 Elite Advanced, 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 |
0.01 | 3.32 | 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 | ||
256.00 | 256.00 | 0.00 |
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Elite Advanced Hype Timeline
Elite Advanced Laser is presently traded for 256.00on Taiwan Stock Exchange of Taiwan. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Elite 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 -0.01%. %. The volatility of related hype on Elite Advanced is about 0.0%, with the expected price after the next announcement by competition of 256.00. About 14.0% of the company shares are owned by institutions such as pension funds. The company has Price-to-Book (P/B) ratio of 1.43. In the past many companies with similar price-to-book ratios have beat the market. Elite Advanced Laser last dividend was issued on the 18th of July 2022. The entity had 1100:1000 split on the 24th of July 2018. Assuming the 90 days trading horizon the next anticipated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Elite Advanced to cross-verify your projections.Elite Advanced Related Hype Analysis
Having access to credible news sources related to Elite Advanced's direct competition is more important than ever and may enhance your ability to predict Elite Advanced's future price movements. Getting to know how Elite Advanced'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 Elite Advanced may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| 3211 | Dynapack International Technology | 0.00 | 0 per month | 2.61 | (0.01) | 6.62 | (5.02) | 13.38 | |
| 6412 | Chicony Power Technology | 0.00 | 0 per month | 0.00 | (0.14) | 3.07 | (3.98) | 10.24 | |
| 3376 | Shin Zu Shing | 0.00 | 0 per month | 2.21 | (0.01) | 4.61 | (3.80) | 12.84 | |
| 1514 | Allis Electric Co | 0.00 | 0 per month | 1.61 | 0.15 | 9.60 | (3.86) | 14.69 | |
| 1609 | Ta Ya Electric | 0.00 | 0 per month | 2.70 | (0) | 3.78 | (4.06) | 10.40 | |
| 2072 | Century Wind Power | 0.00 | 0 per month | 2.44 | (0.01) | 8.80 | (5.05) | 15.14 | |
| 6282 | Acbel Polytech | 0.00 | 0 per month | 2.65 | 0.17 | 7.44 | (5.13) | 16.34 | |
| 2597 | Ruentex Engineering Construction | 0.00 | 0 per month | 1.26 | (0.04) | 2.05 | (2.12) | 6.83 | |
| 6290 | Longwell Co | 0.00 | 0 per month | 2.53 | 0.05 | 4.97 | (4.46) | 15.83 | |
| 9958 | Century Iron And | 0.00 | 0 per month | 0.00 | (0.13) | 3.45 | (2.91) | 10.31 |
Other Forecasting Options for Elite Advanced
For every potential investor in Elite, whether a beginner or expert, Elite Advanced's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Elite Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Elite. Basic forecasting techniques help filter out the noise by identifying Elite Advanced's price trends.Elite Advanced 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 Elite Advanced stock to make a market-neutral strategy. Peer analysis of Elite Advanced could also be used in its relative valuation, which is a method of valuing Elite Advanced by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Elite Advanced Market Strength Events
Market strength indicators help investors to evaluate how Elite Advanced stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elite Advanced shares will generate the highest return on investment. By undertsting and applying Elite Advanced stock market strength indicators, traders can identify Elite Advanced Laser entry and exit signals to maximize returns.
| Accumulation Distribution | 108470.0 | |||
| Daily Balance Of Power | 0.2857 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 257.0 | |||
| Day Typical Price | 256.67 | |||
| Period Momentum Indicator | 2.0 |
Elite Advanced Risk Indicators
The analysis of Elite Advanced'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 Elite Advanced's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting elite 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 | 2.49 | |||
| Standard Deviation | 3.29 | |||
| Variance | 10.83 |
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 Elite Advanced
The number of cover stories for Elite Advanced depends on current market conditions and Elite Advanced's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Elite Advanced 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 Elite Advanced'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 Elite Stock Analysis
When running Elite Advanced's price analysis, check to measure Elite Advanced'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 Elite Advanced is operating at the current time. Most of Elite Advanced's value examination focuses on studying past and present price action to predict the probability of Elite Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Advanced's price. Additionally, you may evaluate how the addition of Elite Advanced to your portfolios can decrease your overall portfolio volatility.