Jubilant Foodworks Stock Forecast - Simple Moving Average
| JUBLFOOD | 637.65 27.45 4.50% |
The Simple Moving Average forecasted value of Jubilant Foodworks Limited on the next trading day is expected to be 637.65 with a mean absolute deviation of 9.67 and the sum of the absolute errors of 570.28. Jubilant Stock Forecast is based on your current time horizon. Although Jubilant Foodworks' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Jubilant Foodworks' systematic risk associated with finding meaningful patterns of Jubilant Foodworks fundamentals over time.
Jubilant |
Jubilant Foodworks Simple Moving Average Price Forecast For the 24th of November
Given 90 days horizon, the Simple Moving Average forecasted value of Jubilant Foodworks Limited on the next trading day is expected to be 637.65 with a mean absolute deviation of 9.67, mean absolute percentage error of 161.92, and the sum of the absolute errors of 570.28.Please note that although there have been many attempts to predict Jubilant 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 Jubilant Foodworks' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Jubilant Foodworks Stock Forecast Pattern
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Jubilant Foodworks Forecasted Value
In the context of forecasting Jubilant Foodworks' 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. Jubilant Foodworks' downside and upside margins for the forecasting period are 635.84 and 639.46, respectively. We have considered Jubilant Foodworks' 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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Jubilant Foodworks stock data series using in forecasting. Note that when a statistical model is used to represent Jubilant Foodworks 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 | 119.5219 |
| Bias | Arithmetic mean of the errors | 0.3809 |
| MAD | Mean absolute deviation | 9.6657 |
| MAPE | Mean absolute percentage error | 0.0152 |
| SAE | Sum of the absolute errors | 570.275 |
Predictive Modules for Jubilant Foodworks
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jubilant Foodworks. 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 Jubilant Foodworks
For every potential investor in Jubilant, whether a beginner or expert, Jubilant Foodworks' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Jubilant Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Jubilant. Basic forecasting techniques help filter out the noise by identifying Jubilant Foodworks' price trends.Jubilant Foodworks 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 Jubilant Foodworks stock to make a market-neutral strategy. Peer analysis of Jubilant Foodworks could also be used in its relative valuation, which is a method of valuing Jubilant Foodworks by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Jubilant Foodworks 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 Jubilant Foodworks' 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 Jubilant Foodworks' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Jubilant Foodworks Market Strength Events
Market strength indicators help investors to evaluate how Jubilant Foodworks stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Jubilant Foodworks shares will generate the highest return on investment. By undertsting and applying Jubilant Foodworks stock market strength indicators, traders can identify Jubilant Foodworks Limited entry and exit signals to maximize returns.
Jubilant Foodworks Risk Indicators
The analysis of Jubilant Foodworks' 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 Jubilant Foodworks' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jubilant 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 | 1.38 | |||
| Semi Deviation | 1.45 | |||
| Standard Deviation | 1.83 | |||
| Variance | 3.37 | |||
| Downside Variance | 2.32 | |||
| Semi Variance | 2.09 | |||
| Expected Short fall | (1.62) |
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 Jubilant Stock
Jubilant Foodworks financial ratios help investors to determine whether Jubilant 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 Jubilant with respect to the benefits of owning Jubilant Foodworks security.