Companhia Paranaense Stock Forecast - Naive Prediction
| ELP Stock | USD 6.72 0.20 3.07% |
The Naive Prediction forecasted value of Companhia Paranaense de on the next trading day is expected to be 6.84 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.95. Companhia Stock Forecast is based on your current time horizon. Although Companhia Paranaense's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Companhia Paranaense's systematic risk associated with finding meaningful patterns of Companhia Paranaense fundamentals over time.
Companhia |
Open Interest Against 2025-04-17 Companhia Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Companhia Paranaense's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Companhia Paranaense's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Companhia Paranaense stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Companhia Paranaense's open interest, investors have to compare it to Companhia Paranaense's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Companhia Paranaense is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Companhia. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Companhia Paranaense Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Companhia Paranaense's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 1999-03-31 | Previous Quarter 7.3 B | Current Value 7.6 B | Quarterly Volatility 1.5 B |
Companhia Paranaense Naive Prediction Price Forecast For the 1st of February
Given 90 days horizon, the Naive Prediction forecasted value of Companhia Paranaense de on the next trading day is expected to be 6.84 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.95.Please note that although there have been many attempts to predict Companhia 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 Companhia Paranaense's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Companhia Paranaense Stock Forecast Pattern
| Backtest Companhia Paranaense | Companhia Paranaense Price Prediction | Buy or Sell Advice |
Companhia Paranaense Forecasted Value
In the context of forecasting Companhia Paranaense'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. Companhia Paranaense's downside and upside margins for the forecasting period are 4.51 and 9.16, respectively. We have considered Companhia Paranaense'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 Companhia Paranaense stock data series using in forecasting. Note that when a statistical model is used to represent Companhia Paranaense 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 | 115.4688 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0798 |
| MAPE | Mean absolute percentage error | 0.0128 |
| SAE | Sum of the absolute errors | 4.9507 |
Predictive Modules for Companhia Paranaense
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Companhia Paranaense. 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 Companhia Paranaense
For every potential investor in Companhia, whether a beginner or expert, Companhia Paranaense's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Companhia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Companhia. Basic forecasting techniques help filter out the noise by identifying Companhia Paranaense's price trends.Companhia Paranaense 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 Companhia Paranaense stock to make a market-neutral strategy. Peer analysis of Companhia Paranaense could also be used in its relative valuation, which is a method of valuing Companhia Paranaense by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Companhia Paranaense 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 Companhia Paranaense'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 Companhia Paranaense's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Companhia Paranaense Market Strength Events
Market strength indicators help investors to evaluate how Companhia Paranaense stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Companhia Paranaense shares will generate the highest return on investment. By undertsting and applying Companhia Paranaense stock market strength indicators, traders can identify Companhia Paranaense de entry and exit signals to maximize returns.
| Accumulation Distribution | 7995.05 | |||
| Daily Balance Of Power | 1.176471 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 6.68 | |||
| Day Typical Price | 6.69 | |||
| Price Action Indicator | 0.15 | |||
| Period Momentum Indicator | 0.2 |
Companhia Paranaense Risk Indicators
The analysis of Companhia Paranaense'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 Companhia Paranaense's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting companhia 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 | 1.72 | |||
| Semi Deviation | 2.43 | |||
| Standard Deviation | 2.3 | |||
| Variance | 5.3 | |||
| Downside Variance | 6.34 | |||
| Semi Variance | 5.91 | |||
| Expected Short fall | (1.70) |
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 Companhia Paranaense
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 Companhia Paranaense 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 Companhia Paranaense will appreciate offsetting losses from the drop in the long position's value.Moving together with Companhia Stock
Moving against Companhia Stock
The ability to find closely correlated positions to Companhia Paranaense could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Companhia Paranaense 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 Companhia Paranaense - 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 Companhia Paranaense de to buy it.
The correlation of Companhia Paranaense 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 Companhia Paranaense moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Companhia Paranaense 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 Companhia Paranaense 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 Companhia Stock Analysis
When running Companhia Paranaense's price analysis, check to measure Companhia Paranaense'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 Companhia Paranaense is operating at the current time. Most of Companhia Paranaense's value examination focuses on studying past and present price action to predict the probability of Companhia Paranaense's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhia Paranaense's price. Additionally, you may evaluate how the addition of Companhia Paranaense to your portfolios can decrease your overall portfolio volatility.