Gorilla Technology Stock Forecast - 4 Period Moving Average
| GRRR Stock | USD 4.35 0.43 10.97% |
The 4 Period Moving Average forecasted value of Gorilla Technology Group on the next trading day is expected to be 4.13 with a mean absolute deviation of 0.20 and the sum of the absolute errors of 11.29. Gorilla Stock Forecast is based on your current time horizon. Although Gorilla Technology's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Gorilla Technology's systematic risk associated with finding meaningful patterns of Gorilla Technology fundamentals over time.
Gorilla |
Gorilla Technology 4 Period Moving Average Price Forecast For the 23rd of November
Given 90 days horizon, the 4 Period Moving Average forecasted value of Gorilla Technology Group on the next trading day is expected to be 4.13 with a mean absolute deviation of 0.20, mean absolute percentage error of 0.08, and the sum of the absolute errors of 11.29.Please note that although there have been many attempts to predict Gorilla 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 Gorilla Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Gorilla Technology Stock Forecast Pattern
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Gorilla Technology Forecasted Value
In the context of forecasting Gorilla Technology'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. Gorilla Technology's downside and upside margins for the forecasting period are 0.04 and 9.54, respectively. We have considered Gorilla Technology'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Gorilla Technology stock data series using in forecasting. Note that when a statistical model is used to represent Gorilla Technology 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 | 108.2129 |
| Bias | Arithmetic mean of the errors | -0.0455 |
| MAD | Mean absolute deviation | 0.198 |
| MAPE | Mean absolute percentage error | 0.0469 |
| SAE | Sum of the absolute errors | 11.285 |
Predictive Modules for Gorilla Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gorilla Technology. 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 Gorilla Technology
For every potential investor in Gorilla, whether a beginner or expert, Gorilla Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Gorilla Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Gorilla. Basic forecasting techniques help filter out the noise by identifying Gorilla Technology's price trends.View Gorilla Technology Related Equities
| Risk & Return | Correlation |
Gorilla Technology 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 Gorilla Technology'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 Gorilla Technology's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Gorilla Technology Market Strength Events
Market strength indicators help investors to evaluate how Gorilla Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gorilla Technology shares will generate the highest return on investment. By undertsting and applying Gorilla Technology stock market strength indicators, traders can identify Gorilla Technology Group entry and exit signals to maximize returns.
Gorilla Technology Risk Indicators
The analysis of Gorilla Technology'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 Gorilla Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gorilla 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 | 4.28 | |||
| Semi Deviation | 3.76 | |||
| Standard Deviation | 5.44 | |||
| Variance | 29.55 | |||
| Downside Variance | 18.43 | |||
| Semi Variance | 14.16 | |||
| Expected Short fall | (5.26) |
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 Gorilla Technology
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 Gorilla Technology 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 Gorilla Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Gorilla Stock
Moving against Gorilla Stock
The ability to find closely correlated positions to Gorilla Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gorilla Technology 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 Gorilla Technology - 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 Gorilla Technology Group to buy it.
The correlation of Gorilla Technology 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 Gorilla Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gorilla Technology 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 Gorilla Technology 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 Gorilla Stock Analysis
When running Gorilla Technology's price analysis, check to measure Gorilla Technology'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 Gorilla Technology is operating at the current time. Most of Gorilla Technology's value examination focuses on studying past and present price action to predict the probability of Gorilla Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gorilla Technology's price. Additionally, you may evaluate how the addition of Gorilla Technology to your portfolios can decrease your overall portfolio volatility.