Hollysys Automation Stock Forecast - Naive Prediction
| HOLIDelisted Stock | USD 26.42 0.00 0.00% |
The Naive Prediction forecasted value of Hollysys Automation Technologies on the next trading day is expected to be 26.00 with a mean absolute deviation of 0.45 and the sum of the absolute errors of 27.61. Hollysys Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Hollysys Automation's historical fundamentals, such as revenue growth or operating cash flow patterns.
Hollysys |
Hollysys Automation Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Hollysys Automation Technologies on the next trading day is expected to be 26.00 with a mean absolute deviation of 0.45, mean absolute percentage error of 0.42, and the sum of the absolute errors of 27.61.Please note that although there have been many attempts to predict Hollysys 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 Hollysys Automation's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hollysys Automation Stock Forecast Pattern
| Backtest Hollysys Automation | Hollysys Automation Price Prediction | Buy or Sell Advice |
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 Hollysys Automation stock data series using in forecasting. Note that when a statistical model is used to represent Hollysys Automation 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 | 117.234 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4526 |
| MAPE | Mean absolute percentage error | 0.0198 |
| SAE | Sum of the absolute errors | 27.6104 |
Predictive Modules for Hollysys Automation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hollysys Automation. 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.Hollysys Automation 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 Hollysys Automation stock to make a market-neutral strategy. Peer analysis of Hollysys Automation could also be used in its relative valuation, which is a method of valuing Hollysys Automation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hollysys Automation Market Strength Events
Market strength indicators help investors to evaluate how Hollysys Automation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hollysys Automation shares will generate the highest return on investment. By undertsting and applying Hollysys Automation stock market strength indicators, traders can identify Hollysys Automation Technologies entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0015 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 26.42 | |||
| Day Typical Price | 26.42 | |||
| Market Facilitation Index | 0.04 |
Hollysys Automation Risk Indicators
The analysis of Hollysys Automation'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 Hollysys Automation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hollysys 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 | 1.21 | |||
| Semi Deviation | 1.72 | |||
| Standard Deviation | 2.66 | |||
| Variance | 7.07 | |||
| Downside Variance | 4.13 | |||
| Semi Variance | 2.95 | |||
| Expected Short fall | (1.24) |
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.
Currently Active Assets on Macroaxis
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Other Consideration for investing in Hollysys Stock
If you are still planning to invest in Hollysys Automation check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Hollysys Automation's history and understand the potential risks before investing.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |