Itafos Corp Stock Forecast - 8 Period Moving Average
| IFOS Stock | CAD 1.76 0.07 4.14% |
The 8 Period Moving Average forecasted value of Itafos Corp on the next trading day is expected to be 1.74 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 2.48. Itafos Stock Forecast is based on your current time horizon.
Itafos |
Itafos Corp 8 Period Moving Average Price Forecast For the 24th of November
Given 90 days horizon, the 8 Period Moving Average forecasted value of Itafos Corp on the next trading day is expected to be 1.74 with a mean absolute deviation of 0.05, mean absolute percentage error of 0, and the sum of the absolute errors of 2.48.Please note that although there have been many attempts to predict Itafos 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 Itafos Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Itafos Corp Stock Forecast Pattern
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Itafos Corp Forecasted Value
In the context of forecasting Itafos Corp'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. Itafos Corp's downside and upside margins for the forecasting period are 0.02 and 4.46, respectively. We have considered Itafos Corp'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Itafos Corp stock data series using in forecasting. Note that when a statistical model is used to represent Itafos Corp 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 | 97.7405 |
| Bias | Arithmetic mean of the errors | -0.0125 |
| MAD | Mean absolute deviation | 0.0468 |
| MAPE | Mean absolute percentage error | 0.0278 |
| SAE | Sum of the absolute errors | 2.4813 |
Predictive Modules for Itafos Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Itafos Corp. 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 Itafos Corp'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.
Other Forecasting Options for Itafos Corp
For every potential investor in Itafos, whether a beginner or expert, Itafos Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Itafos Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Itafos. Basic forecasting techniques help filter out the noise by identifying Itafos Corp's price trends.Itafos Corp 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 Itafos Corp stock to make a market-neutral strategy. Peer analysis of Itafos Corp could also be used in its relative valuation, which is a method of valuing Itafos Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Itafos Corp 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 Itafos Corp'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 Itafos Corp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Itafos Corp Market Strength Events
Market strength indicators help investors to evaluate how Itafos Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Itafos Corp shares will generate the highest return on investment. By undertsting and applying Itafos Corp stock market strength indicators, traders can identify Itafos Corp entry and exit signals to maximize returns.
Itafos Corp Risk Indicators
The analysis of Itafos Corp'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 Itafos Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting itafos 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 | 1.99 | |||
| Semi Deviation | 2.44 | |||
| Standard Deviation | 2.73 | |||
| Variance | 7.46 | |||
| Downside Variance | 8.65 | |||
| Semi Variance | 5.97 | |||
| Expected Short fall | (2.39) |
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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Additional Tools for Itafos Stock Analysis
When running Itafos Corp's price analysis, check to measure Itafos Corp'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 Itafos Corp is operating at the current time. Most of Itafos Corp's value examination focuses on studying past and present price action to predict the probability of Itafos Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Itafos Corp's price. Additionally, you may evaluate how the addition of Itafos Corp to your portfolios can decrease your overall portfolio volatility.