TAIGA BUILDING Stock Forecast - Naive Prediction
| 4T7 Stock | EUR 2.48 0.04 1.59% |
The Naive Prediction forecasted value of TAIGA BUILDING PRODS on the next trading day is expected to be 2.46 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 2.01. TAIGA Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of TAIGA BUILDING's historical fundamentals, such as revenue growth or operating cash flow patterns.
TAIGA |
TAIGA BUILDING Naive Prediction Price Forecast For the 13th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of TAIGA BUILDING PRODS on the next trading day is expected to be 2.46 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 2.01.Please note that although there have been many attempts to predict TAIGA 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 TAIGA BUILDING's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
TAIGA BUILDING Stock Forecast Pattern
| Backtest TAIGA BUILDING | TAIGA BUILDING Price Prediction | Buy or Sell Advice |
TAIGA BUILDING Forecasted Value
In the context of forecasting TAIGA BUILDING'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. TAIGA BUILDING's downside and upside margins for the forecasting period are 0.18 and 4.74, respectively. We have considered TAIGA BUILDING'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 TAIGA BUILDING stock data series using in forecasting. Note that when a statistical model is used to represent TAIGA BUILDING 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 | 113.6271 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0325 |
| MAPE | Mean absolute percentage error | 0.0131 |
| SAE | Sum of the absolute errors | 2.0148 |
Predictive Modules for TAIGA BUILDING
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TAIGA BUILDING PRODS. 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.Other Forecasting Options for TAIGA BUILDING
For every potential investor in TAIGA, whether a beginner or expert, TAIGA BUILDING's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. TAIGA Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in TAIGA. Basic forecasting techniques help filter out the noise by identifying TAIGA BUILDING's price trends.TAIGA BUILDING 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 TAIGA BUILDING stock to make a market-neutral strategy. Peer analysis of TAIGA BUILDING could also be used in its relative valuation, which is a method of valuing TAIGA BUILDING by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TAIGA BUILDING PRODS 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 TAIGA BUILDING'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 TAIGA BUILDING's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
TAIGA BUILDING Market Strength Events
Market strength indicators help investors to evaluate how TAIGA BUILDING stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TAIGA BUILDING shares will generate the highest return on investment. By undertsting and applying TAIGA BUILDING stock market strength indicators, traders can identify TAIGA BUILDING PRODS entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 2.48 | |||
| Day Typical Price | 2.48 | |||
| Price Action Indicator | (0.02) | |||
| Period Momentum Indicator | (0.04) | |||
| Relative Strength Index | 54.3 |
TAIGA BUILDING Risk Indicators
The analysis of TAIGA BUILDING'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 TAIGA BUILDING's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting taiga 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 | 1.65 | |||
| Semi Deviation | 2.16 | |||
| Standard Deviation | 2.31 | |||
| Variance | 5.36 | |||
| Downside Variance | 7.44 | |||
| Semi Variance | 4.64 | |||
| Expected Short fall | (2.06) |
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 TAIGA Stock
TAIGA BUILDING financial ratios help investors to determine whether TAIGA 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 TAIGA with respect to the benefits of owning TAIGA BUILDING security.