GN Store Stock Forecast - Simple Moving Average

GN Stock  DKK 131.75  3.10  2.30%   
The Simple Moving Average forecasted value of GN Store Nord on the next trading day is expected to be 133.30 with a mean absolute deviation of 2.59 and the sum of the absolute errors of 152.52. GN Store Stock Forecast is based on your current time horizon.
  
A two period moving average forecast for GN Store is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

GN Store Simple Moving Average Price Forecast For the 27th of November

Given 90 days horizon, the Simple Moving Average forecasted value of GN Store Nord on the next trading day is expected to be 133.30 with a mean absolute deviation of 2.59, mean absolute percentage error of 10.79, and the sum of the absolute errors of 152.52.
Please note that although there have been many attempts to predict GN Store 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 GN Store's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

GN Store Stock Forecast Pattern

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GN Store Forecasted Value

In the context of forecasting GN Store'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. GN Store's downside and upside margins for the forecasting period are 131.25 and 135.35, respectively. We have considered GN Store'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.
Market Value
131.75
131.25
Downside
133.30
Expected Value
135.35
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of GN Store stock data series using in forecasting. Note that when a statistical model is used to represent GN Store 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.
AICAkaike Information Criteria116.8132
BiasArithmetic mean of the errors 0.7504
MADMean absolute deviation2.5852
MAPEMean absolute percentage error0.018
SAESum of the absolute errors152.525
The simple moving average model is conceptually a linear regression of the current value of GN Store Nord price series against current and previous (unobserved) value of GN Store. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for GN Store

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GN Store Nord. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GN Store's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
129.72131.75133.78
Details
Intrinsic
Valuation
LowRealHigh
116.32118.35144.93
Details

Other Forecasting Options for GN Store

For every potential investor in GN Store, whether a beginner or expert, GN Store's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. GN Store Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in GN Store. Basic forecasting techniques help filter out the noise by identifying GN Store's price trends.

GN Store 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 GN Store stock to make a market-neutral strategy. Peer analysis of GN Store could also be used in its relative valuation, which is a method of valuing GN Store by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

GN Store Nord 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 GN Store'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 GN Store's current price.

GN Store Market Strength Events

Market strength indicators help investors to evaluate how GN Store stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GN Store shares will generate the highest return on investment. By undertsting and applying GN Store stock market strength indicators, traders can identify GN Store Nord entry and exit signals to maximize returns.

GN Store Risk Indicators

The analysis of GN Store'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 GN Store's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gn store 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.
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 GN Store

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 GN Store 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 GN Store will appreciate offsetting losses from the drop in the long position's value.

Moving together with GN Store Stock

  0.84GMAB Genmab ASPairCorr
  0.64MDUNDO Mdundo Com AsPairCorr

Moving against GN Store Stock

  0.47DANT DantaxPairCorr
The ability to find closely correlated positions to GN Store could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GN Store 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 GN Store - 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 GN Store Nord to buy it.
The correlation of GN Store 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 GN Store moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GN Store Nord 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 GN Store 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in GN Store Stock

GN Store financial ratios help investors to determine whether GN Store 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 GN Store with respect to the benefits of owning GN Store security.