NewSoft Technology Stock Forecast - Simple Regression
| 5202 Stock | TWD 16.15 0.15 0.92% |
The Simple Regression forecasted value of NewSoft Technology on the next trading day is expected to be 15.93 with a mean absolute deviation of 0.36 and the sum of the absolute errors of 22.24. NewSoft Stock Forecast is based on your current time horizon.
As of today, the value of RSI of NewSoft Technology's share price is approaching 35. This suggests that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling NewSoft Technology, making its price go up or down. Momentum 35
Sell Extended
Oversold | Overbought |
Using NewSoft Technology hype-based prediction, you can estimate the value of NewSoft Technology from the perspective of NewSoft Technology response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of NewSoft Technology on the next trading day is expected to be 15.93 with a mean absolute deviation of 0.36 and the sum of the absolute errors of 22.24. NewSoft Technology after-hype prediction price | TWD 16.15 |
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.
NewSoft |
NewSoft Technology Additional Predictive Modules
Most predictive techniques to examine NewSoft price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for NewSoft using various technical indicators. When you analyze NewSoft 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
NewSoft Technology Simple Regression Price Forecast For the 2nd of January
Given 90 days horizon, the Simple Regression forecasted value of NewSoft Technology on the next trading day is expected to be 15.93 with a mean absolute deviation of 0.36, mean absolute percentage error of 0.23, and the sum of the absolute errors of 22.24.Please note that although there have been many attempts to predict NewSoft 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 NewSoft Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
NewSoft Technology Stock Forecast Pattern
NewSoft Technology Forecasted Value
In the context of forecasting NewSoft Technology'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. NewSoft Technology's downside and upside margins for the forecasting period are 14.43 and 17.43, respectively. We have considered NewSoft Technology'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of NewSoft Technology stock data series using in forecasting. Note that when a statistical model is used to represent NewSoft Technology 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 | 116.633 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3646 |
| MAPE | Mean absolute percentage error | 0.0211 |
| SAE | Sum of the absolute errors | 22.2402 |
Predictive Modules for NewSoft Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NewSoft Technology. 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 NewSoft Technology
For every potential investor in NewSoft, whether a beginner or expert, NewSoft Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NewSoft Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NewSoft. Basic forecasting techniques help filter out the noise by identifying NewSoft Technology's price trends.NewSoft Technology 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 NewSoft Technology stock to make a market-neutral strategy. Peer analysis of NewSoft Technology could also be used in its relative valuation, which is a method of valuing NewSoft Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NewSoft Technology 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 NewSoft Technology'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 NewSoft Technology's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
NewSoft Technology Market Strength Events
Market strength indicators help investors to evaluate how NewSoft Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NewSoft Technology shares will generate the highest return on investment. By undertsting and applying NewSoft Technology stock market strength indicators, traders can identify NewSoft Technology entry and exit signals to maximize returns.
NewSoft Technology Risk Indicators
The analysis of NewSoft Technology'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 NewSoft Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting newsoft 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 | 1.12 | |||
| Standard Deviation | 1.5 | |||
| Variance | 2.24 |
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 NewSoft Technology
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 NewSoft Technology 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 NewSoft Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with NewSoft Stock
Moving against NewSoft Stock
| 0.89 | 910322 | Tingyi Holding Corp | PairCorr |
| 0.76 | 3711 | ASE Industrial Holding | PairCorr |
| 0.74 | 1303 | Nan Ya Plastics | PairCorr |
| 0.69 | 6505 | Formosa Petrochemical | PairCorr |
| 0.54 | 2303 | United Microelectronics | PairCorr |
The ability to find closely correlated positions to NewSoft Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NewSoft Technology 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 NewSoft Technology - 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 NewSoft Technology to buy it.
The correlation of NewSoft Technology 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 NewSoft Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NewSoft Technology 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 NewSoft Technology 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 NewSoft Stock Analysis
When running NewSoft Technology's price analysis, check to measure NewSoft Technology'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 NewSoft Technology is operating at the current time. Most of NewSoft Technology's value examination focuses on studying past and present price action to predict the probability of NewSoft Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewSoft Technology's price. Additionally, you may evaluate how the addition of NewSoft Technology to your portfolios can decrease your overall portfolio volatility.