Aquafil SpA OTC Stock Forecast - Naive Prediction
| ECNLF Stock | USD 1.30 0.51 28.18% |
The Naive Prediction forecasted value of Aquafil SpA on the next trading day is expected to be 0.97 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.65. Aquafil OTC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Aquafil SpA's historical fundamentals, such as revenue growth or operating cash flow patterns.
Aquafil |
Aquafil SpA Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Aquafil SpA on the next trading day is expected to be 0.97 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 7.65.Please note that although there have been many attempts to predict Aquafil OTC 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 Aquafil SpA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Aquafil SpA OTC Stock Forecast Pattern
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Aquafil SpA Forecasted Value
In the context of forecasting Aquafil SpA's OTC 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. Aquafil SpA's downside and upside margins for the forecasting period are 0.01 and 6.90, respectively. We have considered Aquafil SpA'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 Aquafil SpA otc stock data series using in forecasting. Note that when a statistical model is used to represent Aquafil SpA otc 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 | 114.6359 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1255 |
| MAPE | Mean absolute percentage error | 0.0503 |
| SAE | Sum of the absolute errors | 7.6545 |
Predictive Modules for Aquafil SpA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aquafil SpA. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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 Aquafil SpA
For every potential investor in Aquafil, whether a beginner or expert, Aquafil SpA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Aquafil OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Aquafil. Basic forecasting techniques help filter out the noise by identifying Aquafil SpA's price trends.Aquafil SpA 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 Aquafil SpA otc stock to make a market-neutral strategy. Peer analysis of Aquafil SpA could also be used in its relative valuation, which is a method of valuing Aquafil SpA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Aquafil SpA Technical and Predictive Analytics
The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Aquafil SpA'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 Aquafil SpA's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Aquafil SpA Market Strength Events
Market strength indicators help investors to evaluate how Aquafil SpA otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aquafil SpA shares will generate the highest return on investment. By undertsting and applying Aquafil SpA otc stock market strength indicators, traders can identify Aquafil SpA entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.72 | |||
| Day Median Price | 1.3 | |||
| Day Typical Price | 1.3 | |||
| Price Action Indicator | (0.25) | |||
| Period Momentum Indicator | (0.51) |
Aquafil SpA Risk Indicators
The analysis of Aquafil SpA'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 Aquafil SpA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting aquafil otc 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 | 2.36 | |||
| Standard Deviation | 5.8 | |||
| Variance | 33.62 |
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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Other Information on Investing in Aquafil OTC Stock
Aquafil SpA financial ratios help investors to determine whether Aquafil OTC 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 Aquafil with respect to the benefits of owning Aquafil SpA security.