Click Holdings Stock Forecast - Simple Regression
| CLIK Stock | 1.36 0.04 3.03% |
The Simple Regression forecasted value of Click Holdings Limited on the next trading day is expected to be 1.45 with a mean absolute deviation of 0.17 and the sum of the absolute errors of 7.90. Click Stock Forecast is based on your current time horizon.
Click |
Click Holdings Simple Regression Price Forecast For the 13th of December 2024
Given 90 days horizon, the Simple Regression forecasted value of Click Holdings Limited on the next trading day is expected to be 1.45 with a mean absolute deviation of 0.17, mean absolute percentage error of 0.05, and the sum of the absolute errors of 7.90.Please note that although there have been many attempts to predict Click 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 Click Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Click Holdings Stock Forecast Pattern
Click Holdings Forecasted Value
In the context of forecasting Click Holdings' 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. Click Holdings' downside and upside margins for the forecasting period are 0.01 and 13.65, respectively. We have considered Click Holdings' 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 Click Holdings stock data series using in forecasting. Note that when a statistical model is used to represent Click Holdings 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 | 87.6123 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1717 |
| MAPE | Mean absolute percentage error | 0.1076 |
| SAE | Sum of the absolute errors | 7.8981 |
Predictive Modules for Click Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Click Holdings. 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 Click Holdings
For every potential investor in Click, whether a beginner or expert, Click Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Click Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Click. Basic forecasting techniques help filter out the noise by identifying Click Holdings' price trends.Click Holdings 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 Click Holdings stock to make a market-neutral strategy. Peer analysis of Click Holdings could also be used in its relative valuation, which is a method of valuing Click Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Click Holdings 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 Click Holdings' 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 Click Holdings' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Click Holdings Market Strength Events
Market strength indicators help investors to evaluate how Click Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Click Holdings shares will generate the highest return on investment. By undertsting and applying Click Holdings stock market strength indicators, traders can identify Click Holdings Limited entry and exit signals to maximize returns.
| Accumulation Distribution | 2324.0 | |||
| Daily Balance Of Power | 0.3333 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 1.41 | |||
| Day Typical Price | 1.39 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | 0.04 |
Click Holdings Risk Indicators
The analysis of Click Holdings' 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 Click Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting click 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 | 7.89 | |||
| Standard Deviation | 12.21 | |||
| Variance | 149.07 |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out fundamental analysis of Click Holdings to check your projections. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Business Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Click Holdings. If investors know Click will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Click Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Click Holdings is measured differently than its book value, which is the value of Click that is recorded on the company's balance sheet. Investors also form their own opinion of Click Holdings' value that differs from its market value or its book value, called intrinsic value, which is Click Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Click Holdings' market value can be influenced by many factors that don't directly affect Click Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Click Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Click Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Click Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.