Adani Total Stock Forecast - Naive Prediction
| ATGL Stock | 673.15 0.20 0.03% |
The Naive Prediction forecasted value of Adani Total Gas on the next trading day is expected to be 676.45 with a mean absolute deviation of 28.38 and the sum of the absolute errors of 1,731. Adani Stock Forecast is based on your current time horizon.
Adani |
Adani Total Naive Prediction Price Forecast For the 20th of January
Given 90 days horizon, the Naive Prediction forecasted value of Adani Total Gas on the next trading day is expected to be 676.45 with a mean absolute deviation of 28.38, mean absolute percentage error of 1,639, and the sum of the absolute errors of 1,731.Please note that although there have been many attempts to predict Adani 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 Adani Total's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Adani Total Stock Forecast Pattern
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Adani Total Forecasted Value
In the context of forecasting Adani Total'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. Adani Total's downside and upside margins for the forecasting period are 672.05 and 680.85, respectively. We have considered Adani Total'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 Adani Total stock data series using in forecasting. Note that when a statistical model is used to represent Adani Total 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 | 125.5125 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 28.3828 |
| MAPE | Mean absolute percentage error | 0.041 |
| SAE | Sum of the absolute errors | 1731.3522 |
Predictive Modules for Adani Total
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Adani Total Gas. 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 Adani Total
For every potential investor in Adani, whether a beginner or expert, Adani Total's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Adani Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Adani. Basic forecasting techniques help filter out the noise by identifying Adani Total's price trends.Adani Total 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 Adani Total stock to make a market-neutral strategy. Peer analysis of Adani Total could also be used in its relative valuation, which is a method of valuing Adani Total by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Adani Total Gas 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 Adani Total'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 Adani Total's current price.| Cycle Indicators | ||
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| Volume Indicators |
Adani Total Market Strength Events
Market strength indicators help investors to evaluate how Adani Total stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Adani Total shares will generate the highest return on investment. By undertsting and applying Adani Total stock market strength indicators, traders can identify Adani Total Gas entry and exit signals to maximize returns.
Adani Total Risk Indicators
The analysis of Adani Total'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 Adani Total's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting adani 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 | 2.43 | |||
| Standard Deviation | 4.34 | |||
| Variance | 18.85 |
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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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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Additional Tools for Adani Stock Analysis
When running Adani Total's price analysis, check to measure Adani Total's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Adani Total is operating at the current time. Most of Adani Total's value examination focuses on studying past and present price action to predict the probability of Adani Total's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adani Total's price. Additionally, you may evaluate how the addition of Adani Total to your portfolios can decrease your overall portfolio volatility.