ISS AS Stock Forecast - Naive Prediction
| ISS Stock | DKK 127.50 0.30 0.23% |
The Naive Prediction forecasted value of ISS AS on the next trading day is expected to be 125.02 with a mean absolute deviation of 1.66 and the sum of the absolute errors of 102.77. ISS Stock Forecast is based on your current time horizon.
ISS |
ISS AS Naive Prediction Price Forecast For the 28th of November
Given 90 days horizon, the Naive Prediction forecasted value of ISS AS on the next trading day is expected to be 125.02 with a mean absolute deviation of 1.66, mean absolute percentage error of 4.09, and the sum of the absolute errors of 102.77.Please note that although there have been many attempts to predict ISS 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 ISS AS's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ISS AS Stock Forecast Pattern
| Backtest ISS AS | ISS AS Price Prediction | Buy or Sell Advice |
ISS AS Forecasted Value
In the context of forecasting ISS AS'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. ISS AS's downside and upside margins for the forecasting period are 123.69 and 126.34, respectively. We have considered ISS AS'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 ISS AS stock data series using in forecasting. Note that when a statistical model is used to represent ISS AS 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 | 121.3577 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.6576 |
| MAPE | Mean absolute percentage error | 0.0125 |
| SAE | Sum of the absolute errors | 102.7738 |
Predictive Modules for ISS AS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ISS AS. 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 ISS AS
For every potential investor in ISS, whether a beginner or expert, ISS AS's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ISS Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ISS. Basic forecasting techniques help filter out the noise by identifying ISS AS's price trends.ISS AS 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 ISS AS stock to make a market-neutral strategy. Peer analysis of ISS AS could also be used in its relative valuation, which is a method of valuing ISS AS by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ISS AS 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 ISS AS'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 ISS AS's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ISS AS Market Strength Events
Market strength indicators help investors to evaluate how ISS AS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ISS AS shares will generate the highest return on investment. By undertsting and applying ISS AS stock market strength indicators, traders can identify ISS AS entry and exit signals to maximize returns.
| Accumulation Distribution | 7945.23 | |||
| Daily Balance Of Power | (0.14) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 127.1 | |||
| Day Typical Price | 127.23 | |||
| Price Action Indicator | 0.25 | |||
| Period Momentum Indicator | (0.30) |
ISS AS Risk Indicators
The analysis of ISS AS'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 ISS AS's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting iss 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 | 0.9817 | |||
| Semi Deviation | 1.16 | |||
| Standard Deviation | 1.3 | |||
| Variance | 1.7 | |||
| Downside Variance | 1.5 | |||
| Semi Variance | 1.36 | |||
| Expected Short fall | (1.10) |
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 ISS AS
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 ISS AS 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 ISS AS will appreciate offsetting losses from the drop in the long position's value.Moving against ISS Stock
The ability to find closely correlated positions to ISS AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ISS AS 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 ISS AS - 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 ISS AS to buy it.
The correlation of ISS AS 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 ISS AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ISS AS 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 ISS AS 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.Other Information on Investing in ISS Stock
ISS AS financial ratios help investors to determine whether ISS 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 ISS with respect to the benefits of owning ISS AS security.