Caihong Display Stock Forecast - 20 Period Moving Average
| 600707 Stock | 6.95 0.02 0.29% |
The 20 Period Moving Average forecasted value of Caihong Display Devices on the next trading day is expected to be 7.36 with a mean absolute deviation of 0.44 and the sum of the absolute errors of 18.58. Caihong Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Caihong Display stock prices and determine the direction of Caihong Display Devices's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Caihong Display's historical fundamentals, such as revenue growth or operating cash flow patterns.
Caihong |
Caihong Display 20 Period Moving Average Price Forecast For the 30th of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of Caihong Display Devices on the next trading day is expected to be 7.36 with a mean absolute deviation of 0.44, mean absolute percentage error of 0.29, and the sum of the absolute errors of 18.58.Please note that although there have been many attempts to predict Caihong 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 Caihong Display's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Caihong Display Stock Forecast Pattern
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Caihong Display Forecasted Value
In the context of forecasting Caihong Display'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. Caihong Display's downside and upside margins for the forecasting period are 4.27 and 10.45, respectively. We have considered Caihong Display'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Caihong Display stock data series using in forecasting. Note that when a statistical model is used to represent Caihong Display 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 | 81.9628 |
| Bias | Arithmetic mean of the errors | -0.2575 |
| MAD | Mean absolute deviation | 0.4424 |
| MAPE | Mean absolute percentage error | 0.0603 |
| SAE | Sum of the absolute errors | 18.582 |
Predictive Modules for Caihong Display
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Caihong Display Devices. 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 Caihong Display
For every potential investor in Caihong, whether a beginner or expert, Caihong Display's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Caihong Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Caihong. Basic forecasting techniques help filter out the noise by identifying Caihong Display's price trends.Caihong Display 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 Caihong Display stock to make a market-neutral strategy. Peer analysis of Caihong Display could also be used in its relative valuation, which is a method of valuing Caihong Display by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Caihong Display Devices 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 Caihong Display'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 Caihong Display's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Caihong Display Market Strength Events
Market strength indicators help investors to evaluate how Caihong Display stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Caihong Display shares will generate the highest return on investment. By undertsting and applying Caihong Display stock market strength indicators, traders can identify Caihong Display Devices entry and exit signals to maximize returns.
| Accumulation Distribution | 2.3 M | |||
| Daily Balance Of Power | 0.0667 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 7.0 | |||
| Day Typical Price | 6.98 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | 0.02 |
Caihong Display Risk Indicators
The analysis of Caihong Display'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 Caihong Display's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting caihong 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 | 2.18 | |||
| Semi Deviation | 2.6 | |||
| Standard Deviation | 2.95 | |||
| Variance | 8.72 | |||
| Downside Variance | 7.1 | |||
| Semi Variance | 6.75 | |||
| Expected Short fall | (2.38) |
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.
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Other Information on Investing in Caihong Stock
Caihong Display financial ratios help investors to determine whether Caihong 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 Caihong with respect to the benefits of owning Caihong Display security.