Magplane Technology Stock Forecast - Naive Prediction
| MAGP Stock | USD 0.0001 0.00 0.00% |
The Naive Prediction forecasted value of Magplane Technology on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0 and the sum of the absolute errors of 0. Magplane Stock Forecast is based on your current time horizon. Although Magplane Technology's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Magplane Technology's systematic risk associated with finding meaningful patterns of Magplane Technology fundamentals over time.
Magplane |
Magplane Technology Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Magplane Technology's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2010-12-31 | Previous Quarter 10 K | Current Value 11.9 K | Quarterly Volatility 2 K |
Magplane Technology Naive Prediction Price Forecast For the 30th of November
Given 90 days horizon, the Naive Prediction forecasted value of Magplane Technology on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0, mean absolute percentage error of 0, and the sum of the absolute errors of 0.Please note that although there have been many attempts to predict Magplane 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 Magplane Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Magplane Technology Stock Forecast Pattern
| Backtest Magplane Technology | Magplane Technology Price Prediction | Buy or Sell Advice |
Magplane Technology Forecasted Value
In the context of forecasting Magplane Technology'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. Magplane Technology's downside and upside margins for the forecasting period are 0.0001 and 0.0001, respectively. We have considered Magplane Technology'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 Magplane Technology stock data series using in forecasting. Note that when a statistical model is used to represent Magplane Technology 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 | 30.385 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Magplane Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Magplane Technology. 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 Magplane Technology
For every potential investor in Magplane, whether a beginner or expert, Magplane Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Magplane Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Magplane. Basic forecasting techniques help filter out the noise by identifying Magplane Technology's price trends.Magplane Technology 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 Magplane Technology stock to make a market-neutral strategy. Peer analysis of Magplane Technology could also be used in its relative valuation, which is a method of valuing Magplane Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Magplane Technology 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 Magplane Technology'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 Magplane Technology's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Magplane Technology Market Strength Events
Market strength indicators help investors to evaluate how Magplane Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magplane Technology shares will generate the highest return on investment. By undertsting and applying Magplane Technology stock market strength indicators, traders can identify Magplane Technology entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.0E-4 | |||
| Day Typical Price | 1.0E-4 |
Pair Trading with Magplane Technology
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 Magplane Technology 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 Magplane Technology will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Magplane Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magplane Technology 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 Magplane Technology - 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 Magplane Technology to buy it.
The correlation of Magplane Technology 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 Magplane Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magplane Technology 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 Magplane Technology 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.Additional Tools for Magplane Stock Analysis
When running Magplane Technology's price analysis, check to measure Magplane Technology'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 Magplane Technology is operating at the current time. Most of Magplane Technology's value examination focuses on studying past and present price action to predict the probability of Magplane Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magplane Technology's price. Additionally, you may evaluate how the addition of Magplane Technology to your portfolios can decrease your overall portfolio volatility.