Beijing Kingsoft Stock Forecast - Simple Regression
| 688111 Stock | 314.00 6.28 1.96% |
The Simple Regression forecasted value of Beijing Kingsoft Office on the next trading day is expected to be 285.02 with a mean absolute deviation of 15.41 and the sum of the absolute errors of 939.72. Beijing Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Beijing Kingsoft stock prices and determine the direction of Beijing Kingsoft Office's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Beijing Kingsoft's historical fundamentals, such as revenue growth or operating cash flow patterns.
Beijing |
Beijing Kingsoft Simple Regression Price Forecast For the 6th of February
Given 90 days horizon, the Simple Regression forecasted value of Beijing Kingsoft Office on the next trading day is expected to be 285.02 with a mean absolute deviation of 15.41, mean absolute percentage error of 349.53, and the sum of the absolute errors of 939.72.Please note that although there have been many attempts to predict Beijing 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 Beijing Kingsoft's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Beijing Kingsoft Stock Forecast Pattern
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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 Beijing Kingsoft stock data series using in forecasting. Note that when a statistical model is used to represent Beijing Kingsoft 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 | 123.9671 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 15.4053 |
| MAPE | Mean absolute percentage error | 0.0536 |
| SAE | Sum of the absolute errors | 939.7223 |
Predictive Modules for Beijing Kingsoft
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Beijing Kingsoft Office. 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.Beijing Kingsoft 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 Beijing Kingsoft stock to make a market-neutral strategy. Peer analysis of Beijing Kingsoft could also be used in its relative valuation, which is a method of valuing Beijing Kingsoft by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Beijing Kingsoft Market Strength Events
Market strength indicators help investors to evaluate how Beijing Kingsoft stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Beijing Kingsoft shares will generate the highest return on investment. By undertsting and applying Beijing Kingsoft stock market strength indicators, traders can identify Beijing Kingsoft Office entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0349 | |||
| Daily Balance Of Power | (0.56) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 318.86 | |||
| Day Typical Price | 317.24 | |||
| Market Facilitation Index | 11.31 | |||
| Price Action Indicator | (7.99) | |||
| Period Momentum Indicator | (6.28) |
Beijing Kingsoft Risk Indicators
The analysis of Beijing Kingsoft'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 Beijing Kingsoft's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting beijing 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 | 2.83 | |||
| Semi Deviation | 2.57 | |||
| Standard Deviation | 3.65 | |||
| Variance | 13.29 | |||
| Downside Variance | 7.3 | |||
| Semi Variance | 6.6 | |||
| Expected Short fall | (3.78) |
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.
Currently Active Assets on Macroaxis
| EBR | Centrais Electricas Brasileiras | |
| HE | Hawaiian Electric Industries | |
| VFC | VF Corporation | |
| BVHMF | Vistry Group PLC | |
| S | SentinelOne |
Other Information on Investing in Beijing Stock
Beijing Kingsoft financial ratios help investors to determine whether Beijing 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 Beijing with respect to the benefits of owning Beijing Kingsoft security.