Festi Hf Stock Forecast - Naive Prediction
| FESTI Stock | ISK 280.00 4.00 1.41% |
The Naive Prediction forecasted value of Festi hf on the next trading day is expected to be 272.44 with a mean absolute deviation of 4.36 and the sum of the absolute errors of 265.88. Festi Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Festi Hf's historical fundamentals, such as revenue growth or operating cash flow patterns.
Festi |
Festi Hf Naive Prediction Price Forecast For the 24th of November
Given 90 days horizon, the Naive Prediction forecasted value of Festi hf on the next trading day is expected to be 272.44 with a mean absolute deviation of 4.36, mean absolute percentage error of 29.46, and the sum of the absolute errors of 265.88.Please note that although there have been many attempts to predict Festi 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 Festi Hf's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Festi Hf Stock Forecast Pattern
| Backtest Festi Hf | Festi Hf Price Prediction | Buy or Sell Advice |
Festi Hf Forecasted Value
In the context of forecasting Festi Hf'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. Festi Hf's downside and upside margins for the forecasting period are 270.73 and 274.16, respectively. We have considered Festi Hf'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 Festi Hf stock data series using in forecasting. Note that when a statistical model is used to represent Festi Hf 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 | 121.4936 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 4.3587 |
| MAPE | Mean absolute percentage error | 0.0194 |
| SAE | Sum of the absolute errors | 265.88 |
Predictive Modules for Festi Hf
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Festi hf. 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 Festi Hf
For every potential investor in Festi, whether a beginner or expert, Festi Hf's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Festi Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Festi. Basic forecasting techniques help filter out the noise by identifying Festi Hf's price trends.Festi Hf 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 Festi Hf stock to make a market-neutral strategy. Peer analysis of Festi Hf could also be used in its relative valuation, which is a method of valuing Festi Hf by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Festi hf 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 Festi Hf'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 Festi Hf's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Festi Hf Market Strength Events
Market strength indicators help investors to evaluate how Festi Hf stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Festi Hf shares will generate the highest return on investment. By undertsting and applying Festi Hf stock market strength indicators, traders can identify Festi hf entry and exit signals to maximize returns.
Festi Hf Risk Indicators
The analysis of Festi Hf'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 Festi Hf's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting festi 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 | 1.29 | |||
| Semi Deviation | 0.6671 | |||
| Standard Deviation | 1.72 | |||
| Variance | 2.94 | |||
| Downside Variance | 1.3 | |||
| Semi Variance | 0.445 | |||
| Expected Short fall | (1.84) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Festi Stock
Festi Hf financial ratios help investors to determine whether Festi 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 Festi with respect to the benefits of owning Festi Hf security.