KION Group Stock Forecast - Naive Prediction
| KGX Stock | EUR 33.00 0.62 1.91% |
The Naive Prediction forecasted value of KION Group AG on the next trading day is expected to be 30.21 with a mean absolute deviation of 0.62 and the sum of the absolute errors of 37.84. KION Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of KION Group's historical fundamentals, such as revenue growth or operating cash flow patterns.
KION |
KION Group Naive Prediction Price Forecast For the 28th of November
Given 90 days horizon, the Naive Prediction forecasted value of KION Group AG on the next trading day is expected to be 30.21 with a mean absolute deviation of 0.62, mean absolute percentage error of 0.63, and the sum of the absolute errors of 37.84.Please note that although there have been many attempts to predict KION 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 KION Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
KION Group Stock Forecast Pattern
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KION Group Forecasted Value
In the context of forecasting KION Group'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. KION Group's downside and upside margins for the forecasting period are 27.63 and 32.78, respectively. We have considered KION Group'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 KION Group stock data series using in forecasting. Note that when a statistical model is used to represent KION Group 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 | 117.6552 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6203 |
| MAPE | Mean absolute percentage error | 0.018 |
| SAE | Sum of the absolute errors | 37.8361 |
Predictive Modules for KION Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as KION Group AG. 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 KION Group
For every potential investor in KION, whether a beginner or expert, KION Group's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. KION Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in KION. Basic forecasting techniques help filter out the noise by identifying KION Group's price trends.KION Group 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 KION Group stock to make a market-neutral strategy. Peer analysis of KION Group could also be used in its relative valuation, which is a method of valuing KION Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
KION Group AG 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 KION Group'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 KION Group's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
KION Group Market Strength Events
Market strength indicators help investors to evaluate how KION Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading KION Group shares will generate the highest return on investment. By undertsting and applying KION Group stock market strength indicators, traders can identify KION Group AG entry and exit signals to maximize returns.
KION Group Risk Indicators
The analysis of KION Group'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 KION Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kion 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 | 1.98 | |||
| Standard Deviation | 2.54 | |||
| Variance | 6.46 |
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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Other Information on Investing in KION Stock
KION Group financial ratios help investors to determine whether KION 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 KION with respect to the benefits of owning KION Group security.