Acme Electronics Stock Forecast - Naive Prediction
| 8121 Stock | TWD 29.35 0.95 3.35% |
The Naive Prediction forecasted value of Acme Electronics on the next trading day is expected to be 28.13 with a mean absolute deviation of 0.99 and the sum of the absolute errors of 60.33. Acme Stock Forecast is based on your current time horizon.
As of today The value of RSI of Acme Electronics' share price is above 80 . This suggests that the stock is significantly overbought by investors. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 95
Buy Peaked
Oversold | Overbought |
Using Acme Electronics hype-based prediction, you can estimate the value of Acme Electronics from the perspective of Acme Electronics response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Acme Electronics on the next trading day is expected to be 28.13 with a mean absolute deviation of 0.99 and the sum of the absolute errors of 60.33. Acme Electronics after-hype prediction price | TWD 29.35 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Acme |
Acme Electronics Additional Predictive Modules
Most predictive techniques to examine Acme price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Acme using various technical indicators. When you analyze Acme charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Acme Electronics Naive Prediction Price Forecast For the 6th of January
Given 90 days horizon, the Naive Prediction forecasted value of Acme Electronics on the next trading day is expected to be 28.13 with a mean absolute deviation of 0.99, mean absolute percentage error of 1.68, and the sum of the absolute errors of 60.33.Please note that although there have been many attempts to predict Acme 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 Acme Electronics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Acme Electronics Stock Forecast Pattern
| Backtest Acme Electronics | Acme Electronics Price Prediction | Buy or Sell Advice |
Acme Electronics Forecasted Value
In the context of forecasting Acme Electronics' 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. Acme Electronics' downside and upside margins for the forecasting period are 24.83 and 31.44, respectively. We have considered Acme Electronics' 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 Acme Electronics stock data series using in forecasting. Note that when a statistical model is used to represent Acme Electronics 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 | 118.6315 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.989 |
| MAPE | Mean absolute percentage error | 0.035 |
| SAE | Sum of the absolute errors | 60.3279 |
Predictive Modules for Acme Electronics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Acme Electronics. 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 Acme Electronics
For every potential investor in Acme, whether a beginner or expert, Acme Electronics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Acme Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Acme. Basic forecasting techniques help filter out the noise by identifying Acme Electronics' price trends.Acme Electronics 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 Acme Electronics stock to make a market-neutral strategy. Peer analysis of Acme Electronics could also be used in its relative valuation, which is a method of valuing Acme Electronics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Acme Electronics 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 Acme Electronics' 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 Acme Electronics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Acme Electronics Market Strength Events
Market strength indicators help investors to evaluate how Acme Electronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Acme Electronics shares will generate the highest return on investment. By undertsting and applying Acme Electronics stock market strength indicators, traders can identify Acme Electronics entry and exit signals to maximize returns.
Acme Electronics Risk Indicators
The analysis of Acme Electronics' 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 Acme Electronics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting acme 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 | 2.35 | |||
| Semi Deviation | 2.42 | |||
| Standard Deviation | 3.3 | |||
| Variance | 10.91 | |||
| Downside Variance | 7.65 | |||
| Semi Variance | 5.84 | |||
| Expected Short fall | (2.79) |
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.
Pair Trading with Acme Electronics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Acme Electronics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Acme Electronics will appreciate offsetting losses from the drop in the long position's value.Moving against Acme Stock
The ability to find closely correlated positions to Acme Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acme Electronics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Acme Electronics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Acme Electronics to buy it.
The correlation of Acme Electronics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acme Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acme Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Acme Electronics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Acme Stock Analysis
When running Acme Electronics' price analysis, check to measure Acme Electronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Acme Electronics is operating at the current time. Most of Acme Electronics' value examination focuses on studying past and present price action to predict the probability of Acme Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acme Electronics' price. Additionally, you may evaluate how the addition of Acme Electronics to your portfolios can decrease your overall portfolio volatility.