Shanxi Xinghuacun Stock Forecast - Simple Regression
| 600809 Stock | 201.00 3.26 1.65% |
The Simple Regression forecasted value of Shanxi Xinghuacun Fen on the next trading day is expected to be 222.34 with a mean absolute deviation of 11.68 and the sum of the absolute errors of 723.90. Shanxi Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Shanxi Xinghuacun stock prices and determine the direction of Shanxi Xinghuacun Fen's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Shanxi Xinghuacun's historical fundamentals, such as revenue growth or operating cash flow patterns.
Shanxi |
Shanxi Xinghuacun Simple Regression Price Forecast For the 28th of November
Given 90 days horizon, the Simple Regression forecasted value of Shanxi Xinghuacun Fen on the next trading day is expected to be 222.34 with a mean absolute deviation of 11.68, mean absolute percentage error of 227.40, and the sum of the absolute errors of 723.90.Please note that although there have been many attempts to predict Shanxi 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 Shanxi Xinghuacun's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Shanxi Xinghuacun Stock Forecast Pattern
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Shanxi Xinghuacun Forecasted Value
In the context of forecasting Shanxi Xinghuacun'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. Shanxi Xinghuacun's downside and upside margins for the forecasting period are 218.38 and 226.29, respectively. We have considered Shanxi Xinghuacun'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 Shanxi Xinghuacun stock data series using in forecasting. Note that when a statistical model is used to represent Shanxi Xinghuacun 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 | 125.3751 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 11.6758 |
| MAPE | Mean absolute percentage error | 0.0625 |
| SAE | Sum of the absolute errors | 723.9002 |
Predictive Modules for Shanxi Xinghuacun
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shanxi Xinghuacun Fen. 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 Shanxi Xinghuacun
For every potential investor in Shanxi, whether a beginner or expert, Shanxi Xinghuacun's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Shanxi Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Shanxi. Basic forecasting techniques help filter out the noise by identifying Shanxi Xinghuacun's price trends.Shanxi Xinghuacun 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 Shanxi Xinghuacun stock to make a market-neutral strategy. Peer analysis of Shanxi Xinghuacun could also be used in its relative valuation, which is a method of valuing Shanxi Xinghuacun by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Shanxi Xinghuacun Fen 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 Shanxi Xinghuacun'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 Shanxi Xinghuacun's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Shanxi Xinghuacun Market Strength Events
Market strength indicators help investors to evaluate how Shanxi Xinghuacun stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shanxi Xinghuacun shares will generate the highest return on investment. By undertsting and applying Shanxi Xinghuacun stock market strength indicators, traders can identify Shanxi Xinghuacun Fen entry and exit signals to maximize returns.
| Accumulation Distribution | 172362.0 | |||
| Daily Balance Of Power | 0.5015 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 199.55 | |||
| Day Typical Price | 200.03 | |||
| Price Action Indicator | 3.08 | |||
| Period Momentum Indicator | 3.26 |
Shanxi Xinghuacun Risk Indicators
The analysis of Shanxi Xinghuacun'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 Shanxi Xinghuacun's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shanxi 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 | 2.63 | |||
| Semi Deviation | 2.86 | |||
| Standard Deviation | 3.76 | |||
| Variance | 14.14 | |||
| Downside Variance | 9.6 | |||
| Semi Variance | 8.2 | |||
| Expected Short fall | (3.06) |
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.
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Other Information on Investing in Shanxi Stock
Shanxi Xinghuacun financial ratios help investors to determine whether Shanxi 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 Shanxi with respect to the benefits of owning Shanxi Xinghuacun security.