Celyad SA Stock Forecast - 20 Period Moving Average
| CYAD Stock | EUR 0.65 0.02 2.99% |
The 20 Period Moving Average forecasted value of Celyad SA on the next trading day is expected to be 0.57 with a mean absolute deviation of 0.1 and the sum of the absolute errors of 4.05. Celyad Stock Forecast is based on your current time horizon.
Celyad |
Celyad SA 20 Period Moving Average Price Forecast For the 27th of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of Celyad SA on the next trading day is expected to be 0.57 with a mean absolute deviation of 0.1, mean absolute percentage error of 0.03, and the sum of the absolute errors of 4.05.Please note that although there have been many attempts to predict Celyad 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 Celyad SA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Celyad SA Stock Forecast Pattern
| Backtest Celyad SA | Celyad SA Price Prediction | Buy or Sell Advice |
Celyad SA Forecasted Value
In the context of forecasting Celyad SA'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. Celyad SA's downside and upside margins for the forecasting period are 0.01 and 15.55, respectively. We have considered Celyad SA'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Celyad SA stock data series using in forecasting. Note that when a statistical model is used to represent Celyad SA 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 | 77.8785 |
| Bias | Arithmetic mean of the errors | -0.0959 |
| MAD | Mean absolute deviation | 0.0987 |
| MAPE | Mean absolute percentage error | 0.1601 |
| SAE | Sum of the absolute errors | 4.0455 |
Predictive Modules for Celyad SA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Celyad SA. 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 Celyad SA
For every potential investor in Celyad, whether a beginner or expert, Celyad SA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Celyad Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Celyad. Basic forecasting techniques help filter out the noise by identifying Celyad SA's price trends.Celyad SA 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 Celyad SA stock to make a market-neutral strategy. Peer analysis of Celyad SA could also be used in its relative valuation, which is a method of valuing Celyad SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Celyad SA 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 Celyad SA'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 Celyad SA's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Celyad SA Market Strength Events
Market strength indicators help investors to evaluate how Celyad SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Celyad SA shares will generate the highest return on investment. By undertsting and applying Celyad SA stock market strength indicators, traders can identify Celyad SA entry and exit signals to maximize returns.
| Accumulation Distribution | 720.57 | |||
| Daily Balance Of Power | (0.67) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 0.67 | |||
| Day Typical Price | 0.66 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.02) |
Celyad SA Risk Indicators
The analysis of Celyad SA'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 Celyad SA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting celyad 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 | 7.25 | |||
| Semi Deviation | 7.0 | |||
| Standard Deviation | 14.9 | |||
| Variance | 221.89 | |||
| Downside Variance | 119.52 | |||
| Semi Variance | 49.02 | |||
| Expected Short fall | (11.76) |
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.
Pair Trading with Celyad SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Celyad SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Celyad SA will appreciate offsetting losses from the drop in the long position's value.Moving against Celyad Stock
| 0.81 | BNB | Banque nationale | PairCorr |
| 0.72 | CFEB | Compagnie d Entreprises | PairCorr |
| 0.67 | BEKB | NV Bekaert SA | PairCorr |
The ability to find closely correlated positions to Celyad SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celyad SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Celyad SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Celyad SA to buy it.
The correlation of Celyad SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Celyad SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celyad SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Celyad SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Celyad Stock Analysis
When running Celyad SA's price analysis, check to measure Celyad SA'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 Celyad SA is operating at the current time. Most of Celyad SA's value examination focuses on studying past and present price action to predict the probability of Celyad SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celyad SA's price. Additionally, you may evaluate how the addition of Celyad SA to your portfolios can decrease your overall portfolio volatility.