Hotel Majestic Stock Forecast - Simple Regression
| MLHMC Stock | EUR 5,200 0.00 0.00% |
The Simple Regression forecasted value of Hotel Majestic Cannes on the next trading day is expected to be 5,075 with a mean absolute deviation of 126.58 and the sum of the absolute errors of 7,722. Hotel Stock Forecast is based on your current time horizon.
Hotel |
Hotel Majestic Simple Regression Price Forecast For the 29th of November
Given 90 days horizon, the Simple Regression forecasted value of Hotel Majestic Cannes on the next trading day is expected to be 5,075 with a mean absolute deviation of 126.58, mean absolute percentage error of 27,968, and the sum of the absolute errors of 7,722.Please note that although there have been many attempts to predict Hotel 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 Hotel Majestic's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hotel Majestic Stock Forecast Pattern
| Backtest Hotel Majestic | Hotel Majestic Price Prediction | Buy or Sell Advice |
Hotel Majestic Forecasted Value
In the context of forecasting Hotel Majestic'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. Hotel Majestic's downside and upside margins for the forecasting period are 5,073 and 5,076, respectively. We have considered Hotel Majestic'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Hotel Majestic stock data series using in forecasting. Note that when a statistical model is used to represent Hotel Majestic 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 | 128.3493 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 126.5841 |
| MAPE | Mean absolute percentage error | 0.0247 |
| SAE | Sum of the absolute errors | 7721.6288 |
Predictive Modules for Hotel Majestic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hotel Majestic Cannes. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hotel Majestic's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Hotel Majestic
For every potential investor in Hotel, whether a beginner or expert, Hotel Majestic's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hotel Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hotel. Basic forecasting techniques help filter out the noise by identifying Hotel Majestic's price trends.Hotel Majestic 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 Hotel Majestic stock to make a market-neutral strategy. Peer analysis of Hotel Majestic could also be used in its relative valuation, which is a method of valuing Hotel Majestic by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hotel Majestic Cannes 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 Hotel Majestic'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 Hotel Majestic's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hotel Majestic Market Strength Events
Market strength indicators help investors to evaluate how Hotel Majestic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hotel Majestic shares will generate the highest return on investment. By undertsting and applying Hotel Majestic stock market strength indicators, traders can identify Hotel Majestic Cannes entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 5200.0 | |||
| Day Typical Price | 5200.0 | |||
| Relative Strength Index | 54.52 |
Hotel Majestic Risk Indicators
The analysis of Hotel Majestic'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 Hotel Majestic's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hotel 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 | 0.4578 | |||
| Standard Deviation | 1.76 | |||
| Variance | 3.09 |
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 Hotel Stock Analysis
When running Hotel Majestic's price analysis, check to measure Hotel Majestic'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 Hotel Majestic is operating at the current time. Most of Hotel Majestic's value examination focuses on studying past and present price action to predict the probability of Hotel Majestic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hotel Majestic's price. Additionally, you may evaluate how the addition of Hotel Majestic to your portfolios can decrease your overall portfolio volatility.