Dongfang Electric Stock Forecast - Simple Moving Average
| 600875 Stock | 15.07 0.30 1.95% |
The Simple Moving Average forecasted value of Dongfang Electric Corp on the next trading day is expected to be 15.07 with a mean absolute deviation of 0.32 and the sum of the absolute errors of 18.96. Dongfang Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dongfang Electric stock prices and determine the direction of Dongfang Electric Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Dongfang Electric's historical fundamentals, such as revenue growth or operating cash flow patterns.
Dongfang |
Dongfang Electric Simple Moving Average Price Forecast For the 30th of November
Given 90 days horizon, the Simple Moving Average forecasted value of Dongfang Electric Corp on the next trading day is expected to be 15.07 with a mean absolute deviation of 0.32, mean absolute percentage error of 0.19, and the sum of the absolute errors of 18.96.Please note that although there have been many attempts to predict Dongfang 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 Dongfang Electric's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Dongfang Electric Stock Forecast Pattern
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Dongfang Electric Forecasted Value
In the context of forecasting Dongfang Electric'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. Dongfang Electric's downside and upside margins for the forecasting period are 12.32 and 17.82, respectively. We have considered Dongfang Electric'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 Moving Average forecasting method's relative quality and the estimations of the prediction error of Dongfang Electric stock data series using in forecasting. Note that when a statistical model is used to represent Dongfang Electric 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 | 114.6103 |
| Bias | Arithmetic mean of the errors | -0.0384 |
| MAD | Mean absolute deviation | 0.3161 |
| MAPE | Mean absolute percentage error | 0.0214 |
| SAE | Sum of the absolute errors | 18.965 |
Predictive Modules for Dongfang Electric
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dongfang Electric Corp. 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 Dongfang Electric
For every potential investor in Dongfang, whether a beginner or expert, Dongfang Electric's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dongfang Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dongfang. Basic forecasting techniques help filter out the noise by identifying Dongfang Electric's price trends.Dongfang Electric 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 Dongfang Electric stock to make a market-neutral strategy. Peer analysis of Dongfang Electric could also be used in its relative valuation, which is a method of valuing Dongfang Electric by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dongfang Electric Corp 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 Dongfang Electric'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 Dongfang Electric's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Dongfang Electric Market Strength Events
Market strength indicators help investors to evaluate how Dongfang Electric stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dongfang Electric shares will generate the highest return on investment. By undertsting and applying Dongfang Electric stock market strength indicators, traders can identify Dongfang Electric Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 504818.0 | |||
| Daily Balance Of Power | (0.83) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 15.18 | |||
| Day Typical Price | 15.14 | |||
| Price Action Indicator | (0.26) | |||
| Period Momentum Indicator | (0.30) | |||
| Relative Strength Index | 49.66 |
Dongfang Electric Risk Indicators
The analysis of Dongfang Electric'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 Dongfang Electric's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dongfang 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 | 2.08 | |||
| Semi Deviation | 2.41 | |||
| Standard Deviation | 2.74 | |||
| Variance | 7.48 | |||
| Downside Variance | 6.91 | |||
| Semi Variance | 5.8 | |||
| Expected Short fall | (2.44) |
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 Dongfang Stock
Dongfang Electric financial ratios help investors to determine whether Dongfang 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 Dongfang with respect to the benefits of owning Dongfang Electric security.