Gaztransport Technigaz Stock Forecast - Naive Prediction
| 9TG Stock | EUR 141.40 0.40 0.28% |
The Naive Prediction forecasted value of Gaztransport Technigaz SA on the next trading day is expected to be 140.61 with a mean absolute deviation of 1.69 and the sum of the absolute errors of 103.23. Gaztransport Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Gaztransport Technigaz's historical fundamentals, such as revenue growth or operating cash flow patterns.
Gaztransport |
Gaztransport Technigaz Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of Gaztransport Technigaz SA on the next trading day is expected to be 140.61 with a mean absolute deviation of 1.69, mean absolute percentage error of 4.67, and the sum of the absolute errors of 103.23.Please note that although there have been many attempts to predict Gaztransport 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 Gaztransport Technigaz's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Gaztransport Technigaz Stock Forecast Pattern
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Gaztransport Technigaz Forecasted Value
In the context of forecasting Gaztransport Technigaz'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. Gaztransport Technigaz's downside and upside margins for the forecasting period are 138.95 and 142.27, respectively. We have considered Gaztransport Technigaz'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 Gaztransport Technigaz stock data series using in forecasting. Note that when a statistical model is used to represent Gaztransport Technigaz 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 | 119.6524 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.6923 |
| MAPE | Mean absolute percentage error | 0.0131 |
| SAE | Sum of the absolute errors | 103.2299 |
Predictive Modules for Gaztransport Technigaz
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gaztransport Technigaz. 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 Gaztransport Technigaz
For every potential investor in Gaztransport, whether a beginner or expert, Gaztransport Technigaz's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Gaztransport Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Gaztransport. Basic forecasting techniques help filter out the noise by identifying Gaztransport Technigaz's price trends.Gaztransport Technigaz 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 Gaztransport Technigaz stock to make a market-neutral strategy. Peer analysis of Gaztransport Technigaz could also be used in its relative valuation, which is a method of valuing Gaztransport Technigaz by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Gaztransport Technigaz 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 Gaztransport Technigaz'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 Gaztransport Technigaz's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Gaztransport Technigaz Market Strength Events
Market strength indicators help investors to evaluate how Gaztransport Technigaz stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gaztransport Technigaz shares will generate the highest return on investment. By undertsting and applying Gaztransport Technigaz stock market strength indicators, traders can identify Gaztransport Technigaz SA entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 141.4 | |||
| Day Typical Price | 141.4 | |||
| Price Action Indicator | (0.20) | |||
| Period Momentum Indicator | (0.40) |
Gaztransport Technigaz Risk Indicators
The analysis of Gaztransport Technigaz'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 Gaztransport Technigaz's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gaztransport 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 | 1.17 | |||
| Semi Deviation | 1.3 | |||
| Standard Deviation | 1.66 | |||
| Variance | 2.74 | |||
| Downside Variance | 2.02 | |||
| Semi Variance | 1.68 | |||
| Expected Short fall | (1.41) |
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 Gaztransport Stock
Gaztransport Technigaz financial ratios help investors to determine whether Gaztransport 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 Gaztransport with respect to the benefits of owning Gaztransport Technigaz security.