Innova Captab Stock Forecast - 4 Period Moving Average
| INNOVACAP | 1,022 16.90 1.68% |
The 4 Period Moving Average forecasted value of Innova Captab Limited on the next trading day is expected to be 1,017 with a mean absolute deviation of 24.57 and the sum of the absolute errors of 1,401. Innova Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Innova Captab stock prices and determine the direction of Innova Captab Limited's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Innova Captab's historical fundamentals, such as revenue growth or operating cash flow patterns.
Innova |
Innova Captab 4 Period Moving Average Price Forecast For the 3rd of December
Given 90 days horizon, the 4 Period Moving Average forecasted value of Innova Captab Limited on the next trading day is expected to be 1,017 with a mean absolute deviation of 24.57, mean absolute percentage error of 1,072, and the sum of the absolute errors of 1,401.Please note that although there have been many attempts to predict Innova 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 Innova Captab's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Innova Captab Stock Forecast Pattern
| Backtest Innova Captab | Innova Captab Price Prediction | Buy or Sell Advice |
Innova Captab Forecasted Value
In the context of forecasting Innova Captab'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. Innova Captab's downside and upside margins for the forecasting period are 1,014 and 1,020, respectively. We have considered Innova Captab'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 Innova Captab stock data series using in forecasting. Note that when a statistical model is used to represent Innova Captab 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 | 117.7363 |
| Bias | Arithmetic mean of the errors | -11.5474 |
| MAD | Mean absolute deviation | 24.5737 |
| MAPE | Mean absolute percentage error | 0.029 |
| SAE | Sum of the absolute errors | 1400.7 |
Predictive Modules for Innova Captab
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Innova Captab Limited. 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 Innova Captab'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 Innova Captab
For every potential investor in Innova, whether a beginner or expert, Innova Captab's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Innova Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Innova. Basic forecasting techniques help filter out the noise by identifying Innova Captab's price trends.Innova Captab 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 Innova Captab stock to make a market-neutral strategy. Peer analysis of Innova Captab could also be used in its relative valuation, which is a method of valuing Innova Captab by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Innova Captab Limited 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 Innova Captab'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 Innova Captab's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Innova Captab Market Strength Events
Market strength indicators help investors to evaluate how Innova Captab stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Innova Captab shares will generate the highest return on investment. By undertsting and applying Innova Captab stock market strength indicators, traders can identify Innova Captab Limited entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0345 | |||
| Daily Balance Of Power | 0.4701 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 1023.03 | |||
| Day Typical Price | 1022.65 | |||
| Market Facilitation Index | 35.95 | |||
| Price Action Indicator | 7.32 | |||
| Period Momentum Indicator | 16.9 |
Innova Captab Risk Indicators
The analysis of Innova Captab'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 Innova Captab's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting innova 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 | 2.17 | |||
| Semi Deviation | 1.73 | |||
| Standard Deviation | 2.76 | |||
| Variance | 7.61 | |||
| Downside Variance | 4.96 | |||
| Semi Variance | 2.99 | |||
| Expected Short fall | (2.60) |
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 Innova Stock
Innova Captab financial ratios help investors to determine whether Innova 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 Innova with respect to the benefits of owning Innova Captab security.