Allot Communications Stock Forecast - Naive Prediction
| ALLT Stock | ILS 1,604 62.00 3.72% |
The Naive Prediction forecasted value of Allot Communications on the next trading day is expected to be 1,666 with a mean absolute deviation of 47.73 and the sum of the absolute errors of 2,912. Allot Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Allot Communications stock prices and determine the direction of Allot Communications's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Allot Communications' historical fundamentals, such as revenue growth or operating cash flow patterns.
Allot |
Allot Communications Naive Prediction Price Forecast For the 1st of December
Given 90 days horizon, the Naive Prediction forecasted value of Allot Communications on the next trading day is expected to be 1,666 with a mean absolute deviation of 47.73, mean absolute percentage error of 3,770, and the sum of the absolute errors of 2,912.Please note that although there have been many attempts to predict Allot 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 Allot Communications' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Allot Communications Stock Forecast Pattern
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Allot Communications Forecasted Value
In the context of forecasting Allot Communications' 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. Allot Communications' downside and upside margins for the forecasting period are 1,661 and 1,672, respectively. We have considered Allot Communications' 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 Allot Communications stock data series using in forecasting. Note that when a statistical model is used to represent Allot Communications 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 | 126.3452 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 47.7309 |
| MAPE | Mean absolute percentage error | 0.0377 |
| SAE | Sum of the absolute errors | 2911.586 |
Predictive Modules for Allot Communications
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Allot Communications. 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 Allot Communications
For every potential investor in Allot, whether a beginner or expert, Allot Communications' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Allot Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Allot. Basic forecasting techniques help filter out the noise by identifying Allot Communications' price trends.Allot Communications 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 Allot Communications stock to make a market-neutral strategy. Peer analysis of Allot Communications could also be used in its relative valuation, which is a method of valuing Allot Communications by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Allot Communications 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 Allot Communications' 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 Allot Communications' current price.| Cycle Indicators | ||
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Allot Communications Market Strength Events
Market strength indicators help investors to evaluate how Allot Communications stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allot Communications shares will generate the highest return on investment. By undertsting and applying Allot Communications stock market strength indicators, traders can identify Allot Communications entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0123 | |||
| Daily Balance Of Power | (3.10) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 1610.0 | |||
| Day Typical Price | 1608.0 | |||
| Market Facilitation Index | 20.0 | |||
| Price Action Indicator | (37.00) | |||
| Period Momentum Indicator | (62.00) | |||
| Relative Strength Index | 72.29 |
Allot Communications Risk Indicators
The analysis of Allot Communications' 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 Allot Communications' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting allot 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 | 3.85 | |||
| Semi Deviation | 4.53 | |||
| Standard Deviation | 5.44 | |||
| Variance | 29.58 | |||
| Downside Variance | 27.19 | |||
| Semi Variance | 20.56 | |||
| Expected Short fall | (3.97) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Allot Stock
When determining whether Allot Communications is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Allot Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Allot Communications Stock. Highlighted below are key reports to facilitate an investment decision about Allot Communications Stock:Check out Historical Fundamental Analysis of Allot Communications to cross-verify your projections. For information on how to trade Allot Stock refer to our How to Trade Allot Stock guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.