AFP Capital Stock Forecast - Naive Prediction
| AFPCAPITAL | 250.00 13.00 5.49% |
The Naive Prediction forecasted value of AFP Capital SA on the next trading day is expected to be 255.21 with a mean absolute deviation of 1.94 and the sum of the absolute errors of 118.07. AFP Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of AFP Capital's historical fundamentals, such as revenue growth or operating cash flow patterns.
AFP |
AFP Capital Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of AFP Capital SA on the next trading day is expected to be 255.21 with a mean absolute deviation of 1.94, mean absolute percentage error of 7.64, and the sum of the absolute errors of 118.07.Please note that although there have been many attempts to predict AFP 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 AFP Capital's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
AFP Capital Stock Forecast Pattern
| Backtest AFP Capital | AFP Capital Price Prediction | Buy or Sell Advice |
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 AFP Capital stock data series using in forecasting. Note that when a statistical model is used to represent AFP Capital 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 | 120.1445 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.9357 |
| MAPE | Mean absolute percentage error | 0.0082 |
| SAE | Sum of the absolute errors | 118.0748 |
Predictive Modules for AFP Capital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AFP Capital SA. 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.AFP Capital 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 AFP Capital stock to make a market-neutral strategy. Peer analysis of AFP Capital could also be used in its relative valuation, which is a method of valuing AFP Capital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AFP Capital Market Strength Events
Market strength indicators help investors to evaluate how AFP Capital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AFP Capital shares will generate the highest return on investment. By undertsting and applying AFP Capital stock market strength indicators, traders can identify AFP Capital SA entry and exit signals to maximize returns.
AFP Capital Risk Indicators
The analysis of AFP Capital'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 AFP Capital's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting afp 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 | 0.5015 | |||
| Standard Deviation | 1.19 | |||
| Variance | 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.
Pair Trading with AFP Capital
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 AFP Capital 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 AFP Capital will appreciate offsetting losses from the drop in the long position's value.Moving against AFP Stock
The ability to find closely correlated positions to AFP Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AFP Capital 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 AFP Capital - 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 AFP Capital SA to buy it.
The correlation of AFP Capital 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 AFP Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AFP Capital SA 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 AFP Capital 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.Other Information on Investing in AFP Stock
AFP Capital financial ratios help investors to determine whether AFP 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 AFP with respect to the benefits of owning AFP Capital security.