BAE Systems Stock Forecast - Naive Prediction
| BA Stock | 1,298 36.00 2.70% |
The Naive Prediction forecasted value of BAE Systems plc on the next trading day is expected to be 1,300 with a mean absolute deviation of 23.01 and the sum of the absolute errors of 1,404. BAE Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BAE Systems stock prices and determine the direction of BAE Systems plc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of BAE Systems' historical fundamentals, such as revenue growth or operating cash flow patterns.
BAE |
BAE Systems Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of BAE Systems plc on the next trading day is expected to be 1,300 with a mean absolute deviation of 23.01, mean absolute percentage error of 841.09, and the sum of the absolute errors of 1,404.Please note that although there have been many attempts to predict BAE 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 BAE Systems' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
BAE Systems Stock Forecast Pattern
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BAE Systems Forecasted Value
In the context of forecasting BAE Systems' 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. BAE Systems' downside and upside margins for the forecasting period are 1,299 and 1,302, respectively. We have considered BAE Systems' 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 BAE Systems stock data series using in forecasting. Note that when a statistical model is used to represent BAE Systems 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 | 124.8452 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 23.0139 |
| MAPE | Mean absolute percentage error | 0.0177 |
| SAE | Sum of the absolute errors | 1403.8465 |
Predictive Modules for BAE Systems
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BAE Systems plc. 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 BAE Systems
For every potential investor in BAE, whether a beginner or expert, BAE Systems' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BAE Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BAE. Basic forecasting techniques help filter out the noise by identifying BAE Systems' price trends.BAE Systems 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 BAE Systems stock to make a market-neutral strategy. Peer analysis of BAE Systems could also be used in its relative valuation, which is a method of valuing BAE Systems by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BAE Systems plc 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 BAE Systems' 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 BAE Systems' current price.| Cycle Indicators | ||
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| Momentum Indicators | ||
| Overlap Studies | ||
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BAE Systems Market Strength Events
Market strength indicators help investors to evaluate how BAE Systems stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BAE Systems shares will generate the highest return on investment. By undertsting and applying BAE Systems stock market strength indicators, traders can identify BAE Systems plc entry and exit signals to maximize returns.
| Accumulation Distribution | 660638.0 | |||
| Daily Balance Of Power | (0.65) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 1320.75 | |||
| Day Typical Price | 1313.0 | |||
| Price Action Indicator | (41.25) | |||
| Period Momentum Indicator | (36.00) | |||
| Relative Strength Index | 68.37 |
BAE Systems Risk Indicators
The analysis of BAE Systems' 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 BAE Systems' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bae 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 | 1.23 | |||
| Semi Deviation | 1.64 | |||
| Standard Deviation | 1.65 | |||
| Variance | 2.74 | |||
| Downside Variance | 2.92 | |||
| Semi Variance | 2.69 | |||
| Expected Short fall | (1.28) |
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.Other Information on Investing in BAE Stock
BAE Systems financial ratios help investors to determine whether BAE 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 BAE with respect to the benefits of owning BAE Systems security.