Chijet Stock Forecast - Naive Prediction
| CJETDelisted Stock | 0.37 0.01 2.63% |
The Naive Prediction forecasted value of Chijet Motor Company on the next trading day is expected to be 0.42 with a mean absolute deviation of 0.53 and the sum of the absolute errors of 32.49. Chijet Stock Forecast is based on your current time horizon.
At this time the value of rsi of Chijet's share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Chijet hype-based prediction, you can estimate the value of Chijet Motor Company from the perspective of Chijet response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Chijet Motor Company on the next trading day is expected to be 0.42 with a mean absolute deviation of 0.53 and the sum of the absolute errors of 32.49. Chijet after-hype prediction price | USD 0.43 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as delisted stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Chijet |
Chijet Additional Predictive Modules
Most predictive techniques to examine Chijet price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Chijet using various technical indicators. When you analyze Chijet charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Chijet Naive Prediction Price Forecast For the 9th of January
Given 90 days horizon, the Naive Prediction forecasted value of Chijet Motor Company on the next trading day is expected to be 0.42 with a mean absolute deviation of 0.53, mean absolute percentage error of 0.85, and the sum of the absolute errors of 32.49.Please note that although there have been many attempts to predict Chijet 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 Chijet's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Chijet Stock Forecast Pattern
| Backtest Chijet | Chijet Price Prediction | Buy or Sell Advice |
Chijet Forecasted Value
In the context of forecasting Chijet'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. Chijet's downside and upside margins for the forecasting period are 0 and 11.39, respectively. We have considered Chijet'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 Chijet stock data series using in forecasting. Note that when a statistical model is used to represent Chijet 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 | 117.9489 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5326 |
| MAPE | Mean absolute percentage error | 0.1212 |
| SAE | Sum of the absolute errors | 32.4911 |
Predictive Modules for Chijet
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chijet Motor. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chijet's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Chijet
For every potential investor in Chijet, whether a beginner or expert, Chijet's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Chijet Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Chijet. Basic forecasting techniques help filter out the noise by identifying Chijet's price trends.Chijet 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 Chijet stock to make a market-neutral strategy. Peer analysis of Chijet could also be used in its relative valuation, which is a method of valuing Chijet by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Chijet Motor 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 Chijet'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 Chijet's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Chijet Market Strength Events
Market strength indicators help investors to evaluate how Chijet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chijet shares will generate the highest return on investment. By undertsting and applying Chijet stock market strength indicators, traders can identify Chijet Motor Company entry and exit signals to maximize returns.
Chijet Risk Indicators
The analysis of Chijet'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 Chijet's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting chijet 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 | 6.78 | |||
| Standard Deviation | 10.58 | |||
| Variance | 111.88 |
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.
Thematic Opportunities
Explore Investment Opportunities
Check out Historical Fundamental Analysis of Chijet to cross-verify your projections. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Other Consideration for investing in Chijet Stock
If you are still planning to invest in Chijet Motor check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Chijet's history and understand the potential risks before investing.
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