Elang Mahkota Stock Forecast - Naive Prediction
| EMTK Stock | IDR 484.00 4.00 0.82% |
The Naive Prediction forecasted value of Elang Mahkota Teknologi on the next trading day is expected to be 497.51 with a mean absolute deviation of 11.87 and the sum of the absolute errors of 736.15. Elang Stock Forecast is based on your current time horizon.
Elang |
Elang Mahkota Naive Prediction Price Forecast For the 24th of November
Given 90 days horizon, the Naive Prediction forecasted value of Elang Mahkota Teknologi on the next trading day is expected to be 497.51 with a mean absolute deviation of 11.87, mean absolute percentage error of 235.97, and the sum of the absolute errors of 736.15.Please note that although there have been many attempts to predict Elang 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 Elang Mahkota's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Elang Mahkota Stock Forecast Pattern
| Backtest Elang Mahkota | Elang Mahkota Price Prediction | Buy or Sell Advice |
Elang Mahkota Forecasted Value
In the context of forecasting Elang Mahkota'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. Elang Mahkota's downside and upside margins for the forecasting period are 494.19 and 500.83, respectively. We have considered Elang Mahkota'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 Elang Mahkota stock data series using in forecasting. Note that when a statistical model is used to represent Elang Mahkota 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 | 125.4121 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 11.8733 |
| MAPE | Mean absolute percentage error | 0.0263 |
| SAE | Sum of the absolute errors | 736.1453 |
Predictive Modules for Elang Mahkota
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elang Mahkota Teknologi. 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 Elang Mahkota
For every potential investor in Elang, whether a beginner or expert, Elang Mahkota's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Elang Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Elang. Basic forecasting techniques help filter out the noise by identifying Elang Mahkota's price trends.Elang Mahkota 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 Elang Mahkota stock to make a market-neutral strategy. Peer analysis of Elang Mahkota could also be used in its relative valuation, which is a method of valuing Elang Mahkota by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Elang Mahkota Teknologi 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 Elang Mahkota'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 Elang Mahkota's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Elang Mahkota Market Strength Events
Market strength indicators help investors to evaluate how Elang Mahkota stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elang Mahkota shares will generate the highest return on investment. By undertsting and applying Elang Mahkota stock market strength indicators, traders can identify Elang Mahkota Teknologi entry and exit signals to maximize returns.
Elang Mahkota Risk Indicators
The analysis of Elang Mahkota'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 Elang Mahkota's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting elang 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 | 2.37 | |||
| Semi Deviation | 2.44 | |||
| Standard Deviation | 3.3 | |||
| Variance | 10.9 | |||
| Downside Variance | 7.65 | |||
| Semi Variance | 5.98 | |||
| Expected Short fall | (2.84) |
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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Elang Mahkota financial ratios help investors to determine whether Elang 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 Elang with respect to the benefits of owning Elang Mahkota security.