Investec Limited Stock Forecast - Naive Prediction
| INPR Stock | 9,350 30.00 0.32% |
The Naive Prediction forecasted value of Investec Limited NON on the next trading day is expected to be 9,332 with a mean absolute deviation of 86.58 and the sum of the absolute errors of 5,281. Investec Stock Forecast is based on your current time horizon.
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Investec Limited Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Investec Limited NON on the next trading day is expected to be 9,332 with a mean absolute deviation of 86.58, mean absolute percentage error of 10,482, and the sum of the absolute errors of 5,281.Please note that although there have been many attempts to predict Investec 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 Investec Limited's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Investec Limited Stock Forecast Pattern
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Investec Limited Forecasted Value
In the context of forecasting Investec Limited'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. Investec Limited's downside and upside margins for the forecasting period are 9,331 and 9,334, respectively. We have considered Investec Limited'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Investec Limited stock data series using in forecasting. Note that when a statistical model is used to represent Investec Limited 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 | 127.368 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 86.5801 |
| MAPE | Mean absolute percentage error | 0.0094 |
| SAE | Sum of the absolute errors | 5281.3842 |
Predictive Modules for Investec Limited
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Investec Limited NON. 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 Investec Limited
For every potential investor in Investec, whether a beginner or expert, Investec Limited's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Investec Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Investec. Basic forecasting techniques help filter out the noise by identifying Investec Limited's price trends.Investec Limited 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 Investec Limited stock to make a market-neutral strategy. Peer analysis of Investec Limited could also be used in its relative valuation, which is a method of valuing Investec Limited by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Investec Limited NON 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 Investec Limited'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 Investec Limited's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
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| Volume Indicators |
Investec Limited Market Strength Events
Market strength indicators help investors to evaluate how Investec Limited stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Investec Limited shares will generate the highest return on investment. By undertsting and applying Investec Limited stock market strength indicators, traders can identify Investec Limited NON entry and exit signals to maximize returns.
Investec Limited Risk Indicators
The analysis of Investec Limited'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 Investec Limited's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting investec 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 | 0.7808 | |||
| Semi Deviation | 1.14 | |||
| Standard Deviation | 1.27 | |||
| Variance | 1.62 | |||
| Downside Variance | 2.22 | |||
| Semi Variance | 1.31 | |||
| Expected Short fall | (0.88) |
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.Additional Tools for Investec Stock Analysis
When running Investec Limited's price analysis, check to measure Investec Limited'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 Investec Limited is operating at the current time. Most of Investec Limited's value examination focuses on studying past and present price action to predict the probability of Investec Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Investec Limited's price. Additionally, you may evaluate how the addition of Investec Limited to your portfolios can decrease your overall portfolio volatility.