Hainan Mining Stock Forecast - 4 Period Moving Average
| 601969 Stock | 6.85 0.27 3.79% |
The 4 Period Moving Average forecasted value of Hainan Mining Co on the next trading day is expected to be 6.99 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 10.88. Hainan Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Hainan Mining stock prices and determine the direction of Hainan Mining Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Hainan Mining's historical fundamentals, such as revenue growth or operating cash flow patterns.
Hainan |
Hainan Mining 4 Period Moving Average Price Forecast For the 24th of November
Given 90 days horizon, the 4 Period Moving Average forecasted value of Hainan Mining Co on the next trading day is expected to be 6.99 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.08, and the sum of the absolute errors of 10.88.Please note that although there have been many attempts to predict Hainan 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 Hainan Mining's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hainan Mining Stock Forecast Pattern
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Hainan Mining Forecasted Value
In the context of forecasting Hainan Mining'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. Hainan Mining's downside and upside margins for the forecasting period are 3.88 and 10.09, respectively. We have considered Hainan Mining'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Hainan Mining stock data series using in forecasting. Note that when a statistical model is used to represent Hainan Mining 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 | 108.2307 |
| Bias | Arithmetic mean of the errors | -0.064 |
| MAD | Mean absolute deviation | 0.1909 |
| MAPE | Mean absolute percentage error | 0.0288 |
| SAE | Sum of the absolute errors | 10.88 |
Predictive Modules for Hainan Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hainan Mining. 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 Hainan Mining
For every potential investor in Hainan, whether a beginner or expert, Hainan Mining's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hainan Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hainan. Basic forecasting techniques help filter out the noise by identifying Hainan Mining's price trends.Hainan Mining 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 Hainan Mining stock to make a market-neutral strategy. Peer analysis of Hainan Mining could also be used in its relative valuation, which is a method of valuing Hainan Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hainan Mining 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 Hainan Mining'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 Hainan Mining's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hainan Mining Market Strength Events
Market strength indicators help investors to evaluate how Hainan Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hainan Mining shares will generate the highest return on investment. By undertsting and applying Hainan Mining stock market strength indicators, traders can identify Hainan Mining Co entry and exit signals to maximize returns.
Hainan Mining Risk Indicators
The analysis of Hainan Mining'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 Hainan Mining's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hainan 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 | 2.07 | |||
| Semi Deviation | 2.46 | |||
| Standard Deviation | 2.98 | |||
| Variance | 8.86 | |||
| Downside Variance | 8.59 | |||
| Semi Variance | 6.04 | |||
| Expected Short fall | (2.21) |
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 Hainan Stock
Hainan Mining financial ratios help investors to determine whether Hainan 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 Hainan with respect to the benefits of owning Hainan Mining security.