Akso Health Stock Forecast - Naive Prediction
| AHG Stock | USD 0.86 0.02 2.27% |
The Naive Prediction forecasted value of Akso Health Group on the next trading day is expected to be 0.79 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.57. Akso Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Akso Health's historical fundamentals, such as revenue growth or operating cash flow patterns.
Akso |
Akso Health Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Akso Health's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2017-03-31 | Previous Quarter 85.2 M | Current Value 85.2 M | Quarterly Volatility 2.1 B |
Akso Health Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of Akso Health Group on the next trading day is expected to be 0.79 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.57.Please note that although there have been many attempts to predict Akso 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 Akso Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Akso Health Stock Forecast Pattern
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Akso Health Forecasted Value
In the context of forecasting Akso Health'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. Akso Health's downside and upside margins for the forecasting period are 0.01 and 9.09, respectively. We have considered Akso Health'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 Akso Health stock data series using in forecasting. Note that when a statistical model is used to represent Akso Health 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 | 114.303 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0414 |
| MAPE | Mean absolute percentage error | 0.0423 |
| SAE | Sum of the absolute errors | 2.5662 |
Predictive Modules for Akso Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Akso Health Group. 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 Akso Health
For every potential investor in Akso, whether a beginner or expert, Akso Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Akso Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Akso. Basic forecasting techniques help filter out the noise by identifying Akso Health's price trends.Akso Health 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 Akso Health stock to make a market-neutral strategy. Peer analysis of Akso Health could also be used in its relative valuation, which is a method of valuing Akso Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Akso Health Group 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 Akso Health'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 Akso Health's current price.| Cycle Indicators | ||
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Akso Health Market Strength Events
Market strength indicators help investors to evaluate how Akso Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Akso Health shares will generate the highest return on investment. By undertsting and applying Akso Health stock market strength indicators, traders can identify Akso Health Group entry and exit signals to maximize returns.
| Accumulation Distribution | 159.38 | |||
| Daily Balance Of Power | (0.67) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 0.87 | |||
| Day Typical Price | 0.86 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.02) |
Akso Health Risk Indicators
The analysis of Akso Health'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 Akso Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting akso 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 | 5.19 | |||
| Standard Deviation | 8.13 | |||
| Variance | 66.15 |
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
When determining whether Akso Health Group is a strong investment it is important to analyze Akso Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Akso Health's future performance. For an informed investment choice regarding Akso Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Akso Health to cross-verify your projections. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Akso Health. If investors know Akso will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Akso Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.21) | Revenue Per Share 0.051 | Quarterly Revenue Growth 0.148 | Return On Assets (0.07) | Return On Equity (0.12) |
The market value of Akso Health Group is measured differently than its book value, which is the value of Akso that is recorded on the company's balance sheet. Investors also form their own opinion of Akso Health's value that differs from its market value or its book value, called intrinsic value, which is Akso Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Akso Health's market value can be influenced by many factors that don't directly affect Akso Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Akso Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Akso Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akso Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.