Pandora A/S Stock Forecast - Naive Prediction

3P7 Stock  EUR 170.20  3.90  2.24%   
The Naive Prediction forecasted value of Pandora AS on the next trading day is expected to be 168.48 with a mean absolute deviation of 2.05 and the sum of the absolute errors of 125.25. Pandora Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Pandora A/S's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for Pandora A/S is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Pandora AS 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.

Pandora A/S Naive Prediction Price Forecast For the 25th of December

Given 90 days horizon, the Naive Prediction forecasted value of Pandora AS on the next trading day is expected to be 168.48 with a mean absolute deviation of 2.05, mean absolute percentage error of 6.61, and the sum of the absolute errors of 125.25.
Please note that although there have been many attempts to predict Pandora 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 Pandora A/S's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Pandora A/S Stock Forecast Pattern

Backtest Pandora A/SPandora A/S Price PredictionBuy or Sell Advice 

Pandora A/S Forecasted Value

In the context of forecasting Pandora A/S'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. Pandora A/S's downside and upside margins for the forecasting period are 166.55 and 170.42, respectively. We have considered Pandora A/S'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
170.20
166.55
Downside
168.48
Expected Value
170.42
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 Pandora A/S stock data series using in forecasting. Note that when a statistical model is used to represent Pandora A/S 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 Criteria119.999
BiasArithmetic mean of the errors None
MADMean absolute deviation2.0532
MAPEMean absolute percentage error0.0137
SAESum of the absolute errors125.2457
This model is not at all useful as a medium-long range forecasting tool of Pandora AS. 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 Pandora A/S. 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 Pandora A/S

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pandora A/S. 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
168.26170.20172.14
Details
Intrinsic
Valuation
LowRealHigh
133.52135.46187.22
Details

Other Forecasting Options for Pandora A/S

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

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

Pandora A/S 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 Pandora A/S'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 Pandora A/S's current price.

Pandora A/S Market Strength Events

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

Pandora A/S Risk Indicators

The analysis of Pandora A/S'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 Pandora A/S's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pandora 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.

Currently Active Assets on Macroaxis

Other Information on Investing in Pandora Stock

Pandora A/S financial ratios help investors to determine whether Pandora 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 Pandora with respect to the benefits of owning Pandora A/S security.