3M India Stock Forecast - 8 Period Moving Average
| 3MINDIA Stock | 31,743 4.45 0.01% |
The 8 Period Moving Average forecasted value of 3M India Limited on the next trading day is expected to be 31,615 with a mean absolute deviation of 769.41 and the sum of the absolute errors of 40,779. 3MINDIA Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast 3M India stock prices and determine the direction of 3M India Limited's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of 3M India's historical fundamentals, such as revenue growth or operating cash flow patterns.
3MINDIA |
3M India 8 Period Moving Average Price Forecast For the 29th of November
Given 90 days horizon, the 8 Period Moving Average forecasted value of 3M India Limited on the next trading day is expected to be 31,615 with a mean absolute deviation of 769.41, mean absolute percentage error of 1,229,823, and the sum of the absolute errors of 40,779.Please note that although there have been many attempts to predict 3MINDIA 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 3M India's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
3M India Stock Forecast Pattern
| Backtest 3M India | 3M India Price Prediction | Buy or Sell Advice |
3M India Forecasted Value
In the context of forecasting 3M India'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. 3M India's downside and upside margins for the forecasting period are 31,613 and 31,616, respectively. We have considered 3M India'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of 3M India stock data series using in forecasting. Note that when a statistical model is used to represent 3M India 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 | 117.4299 |
| Bias | Arithmetic mean of the errors | 296.581 |
| MAD | Mean absolute deviation | 769.407 |
| MAPE | Mean absolute percentage error | 0.0229 |
| SAE | Sum of the absolute errors | 40778.5688 |
Predictive Modules for 3M India
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 3M India Limited. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 3M India's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for 3M India
For every potential investor in 3MINDIA, whether a beginner or expert, 3M India's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 3MINDIA Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 3MINDIA. Basic forecasting techniques help filter out the noise by identifying 3M India's price trends.3M India 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 3M India stock to make a market-neutral strategy. Peer analysis of 3M India could also be used in its relative valuation, which is a method of valuing 3M India by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
3M India Limited 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 3M India'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 3M India's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
3M India Market Strength Events
Market strength indicators help investors to evaluate how 3M India stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 3M India shares will generate the highest return on investment. By undertsting and applying 3M India stock market strength indicators, traders can identify 3M India Limited entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0184 | |||
| Daily Balance Of Power | (0.01) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 31699.9 | |||
| Day Typical Price | 31714.37 | |||
| Market Facilitation Index | 590.2 | |||
| Price Action Indicator | 41.17 | |||
| Period Momentum Indicator | (4.45) |
3M India Risk Indicators
The analysis of 3M India'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 3M India's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 3mindia 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 | 1.14 | |||
| Standard Deviation | 1.59 | |||
| Variance | 2.52 |
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.Other Information on Investing in 3MINDIA Stock
3M India financial ratios help investors to determine whether 3MINDIA 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 3MINDIA with respect to the benefits of owning 3M India security.