Dawning Information Stock Forecast - Naive Prediction
| 603019 Stock | 74.85 2.85 3.67% |
The Naive Prediction forecasted value of Dawning Information Industry on the next trading day is expected to be 70.09 with a mean absolute deviation of 2.94 and the sum of the absolute errors of 179.38. Dawning Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dawning Information stock prices and determine the direction of Dawning Information Industry's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Dawning Information's historical fundamentals, such as revenue growth or operating cash flow patterns.
Dawning |
Dawning Information Naive Prediction Price Forecast For the 24th of November
Given 90 days horizon, the Naive Prediction forecasted value of Dawning Information Industry on the next trading day is expected to be 70.09 with a mean absolute deviation of 2.94, mean absolute percentage error of 14.65, and the sum of the absolute errors of 179.38.Please note that although there have been many attempts to predict Dawning 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 Dawning Information's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Dawning Information Stock Forecast Pattern
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Dawning Information Forecasted Value
In the context of forecasting Dawning Information'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. Dawning Information's downside and upside margins for the forecasting period are 65.71 and 74.47, respectively. We have considered Dawning Information'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Dawning Information stock data series using in forecasting. Note that when a statistical model is used to represent Dawning Information 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 | 120.7947 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.9406 |
| MAPE | Mean absolute percentage error | 0.0556 |
| SAE | Sum of the absolute errors | 179.3771 |
Predictive Modules for Dawning Information
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dawning Information. 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 Dawning Information
For every potential investor in Dawning, whether a beginner or expert, Dawning Information's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dawning Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dawning. Basic forecasting techniques help filter out the noise by identifying Dawning Information's price trends.Dawning Information 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 Dawning Information stock to make a market-neutral strategy. Peer analysis of Dawning Information could also be used in its relative valuation, which is a method of valuing Dawning Information by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dawning Information 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 Dawning Information'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 Dawning Information's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Dawning Information Market Strength Events
Market strength indicators help investors to evaluate how Dawning Information stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dawning Information shares will generate the highest return on investment. By undertsting and applying Dawning Information stock market strength indicators, traders can identify Dawning Information Industry entry and exit signals to maximize returns.
Dawning Information Risk Indicators
The analysis of Dawning Information'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 Dawning Information's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dawning 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 | 3.3 | |||
| Semi Deviation | 2.34 | |||
| Standard Deviation | 4.29 | |||
| Variance | 18.43 | |||
| Downside Variance | 10.28 | |||
| Semi Variance | 5.47 | |||
| Expected Short fall | (3.90) |
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 Dawning Stock
Dawning Information financial ratios help investors to determine whether Dawning 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 Dawning with respect to the benefits of owning Dawning Information security.