Jia Jie Stock Forecast - Polynomial Regression
| 4109 Stock | TWD 21.20 0.25 1.17% |
The Polynomial Regression forecasted value of Jia Jie Biomedical on the next trading day is expected to be 22.26 with a mean absolute deviation of 0.60 and the sum of the absolute errors of 36.31. Jia Stock Forecast is based on your current time horizon.
Jia |
Jia Jie Polynomial Regression Price Forecast For the 3rd of February
Given 90 days horizon, the Polynomial Regression forecasted value of Jia Jie Biomedical on the next trading day is expected to be 22.26 with a mean absolute deviation of 0.60, mean absolute percentage error of 0.71, and the sum of the absolute errors of 36.31.Please note that although there have been many attempts to predict Jia 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 Jia Jie's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Jia Jie Stock Forecast Pattern
| Backtest Jia Jie | Jia Jie Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Jia Jie stock data series using in forecasting. Note that when a statistical model is used to represent Jia Jie 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 | 117.7692 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5953 |
| MAPE | Mean absolute percentage error | 0.0259 |
| SAE | Sum of the absolute errors | 36.3123 |
Predictive Modules for Jia Jie
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jia Jie Biomedical. 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.Jia Jie 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 Jia Jie stock to make a market-neutral strategy. Peer analysis of Jia Jie could also be used in its relative valuation, which is a method of valuing Jia Jie by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Jia Jie Market Strength Events
Market strength indicators help investors to evaluate how Jia Jie stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Jia Jie shares will generate the highest return on investment. By undertsting and applying Jia Jie stock market strength indicators, traders can identify Jia Jie Biomedical entry and exit signals to maximize returns.
Jia Jie Risk Indicators
The analysis of Jia Jie'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 Jia Jie's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jia 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 | 1.83 | |||
| Standard Deviation | 2.66 | |||
| Variance | 7.07 |
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 Jia Jie
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 Jia Jie 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 Jia Jie will appreciate offsetting losses from the drop in the long position's value.Moving together with Jia Stock
Moving against Jia Stock
| 0.84 | 1231 | Lian Hwa Foods | PairCorr |
| 0.81 | 6669 | Wiwynn Corp | PairCorr |
| 0.8 | 3008 | LARGAN Precision | PairCorr |
| 0.75 | 2454 | MediaTek | PairCorr |
| 0.59 | 3533 | Lotes | PairCorr |
The ability to find closely correlated positions to Jia Jie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jia Jie 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 Jia Jie - 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 Jia Jie Biomedical to buy it.
The correlation of Jia Jie 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 Jia Jie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jia Jie Biomedical 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 Jia Jie 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.Additional Tools for Jia Stock Analysis
When running Jia Jie's price analysis, check to measure Jia Jie'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 Jia Jie is operating at the current time. Most of Jia Jie's value examination focuses on studying past and present price action to predict the probability of Jia Jie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jia Jie's price. Additionally, you may evaluate how the addition of Jia Jie to your portfolios can decrease your overall portfolio volatility.