Aitken Spence Stock Forecast - Simple Regression
AHUNN0000 | LKR 65.70 0.40 0.61% |
The Simple Regression forecasted value of Aitken Spence Hotel on the next trading day is expected to be 64.85 with a mean absolute deviation of 2.04 and the sum of the absolute errors of 124.68. Aitken Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Aitken Spence stock prices and determine the direction of Aitken Spence Hotel's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Aitken Spence's historical fundamentals, such as revenue growth or operating cash flow patterns.
Aitken |
Aitken Spence Simple Regression Price Forecast For the 27th of November
Given 90 days horizon, the Simple Regression forecasted value of Aitken Spence Hotel on the next trading day is expected to be 64.85 with a mean absolute deviation of 2.04, mean absolute percentage error of 5.47, and the sum of the absolute errors of 124.68.Please note that although there have been many attempts to predict Aitken 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 Aitken Spence's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Aitken Spence Stock Forecast Pattern
Aitken Spence Forecasted Value
In the context of forecasting Aitken Spence'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. Aitken Spence's downside and upside margins for the forecasting period are 63.07 and 66.62, respectively. We have considered Aitken Spence'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Aitken Spence stock data series using in forecasting. Note that when a statistical model is used to represent Aitken Spence 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 | 119.8098 |
Bias | Arithmetic mean of the errors | None |
MAD | Mean absolute deviation | 2.0439 |
MAPE | Mean absolute percentage error | 0.0342 |
SAE | Sum of the absolute errors | 124.6807 |
Predictive Modules for Aitken Spence
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aitken Spence Hotel. 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 Aitken Spence
For every potential investor in Aitken, whether a beginner or expert, Aitken Spence's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Aitken Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Aitken. Basic forecasting techniques help filter out the noise by identifying Aitken Spence's price trends.Aitken Spence 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 Aitken Spence stock to make a market-neutral strategy. Peer analysis of Aitken Spence could also be used in its relative valuation, which is a method of valuing Aitken Spence by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Aitken Spence Hotel 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 Aitken Spence'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 Aitken Spence's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Aitken Spence Market Strength Events
Market strength indicators help investors to evaluate how Aitken Spence stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aitken Spence shares will generate the highest return on investment. By undertsting and applying Aitken Spence stock market strength indicators, traders can identify Aitken Spence Hotel entry and exit signals to maximize returns.
Aitken Spence Risk Indicators
The analysis of Aitken Spence'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 Aitken Spence's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting aitken 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 | 1.29 | |||
Semi Deviation | 1.32 | |||
Standard Deviation | 1.79 | |||
Variance | 3.22 | |||
Downside Variance | 2.33 | |||
Semi Variance | 1.75 | |||
Expected Short fall | (1.93) |
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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Aitken Spence financial ratios help investors to determine whether Aitken 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 Aitken with respect to the benefits of owning Aitken Spence security.