National Foods Stock Forecast - Double Exponential Smoothing
| NATF Stock | 172.82 0.96 0.55% |
The Double Exponential Smoothing forecasted value of National Foods on the next trading day is expected to be 172.06 with a mean absolute deviation of 1.92 and the sum of the absolute errors of 113.29. National Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast National Foods stock prices and determine the direction of National Foods's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of National Foods' historical fundamentals, such as revenue growth or operating cash flow patterns.
National |
National Foods Double Exponential Smoothing Price Forecast For the 27th of November
Given 90 days horizon, the Double Exponential Smoothing forecasted value of National Foods on the next trading day is expected to be 172.06 with a mean absolute deviation of 1.92, mean absolute percentage error of 7.03, and the sum of the absolute errors of 113.29.Please note that although there have been many attempts to predict National 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 National Foods' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
National Foods Stock Forecast Pattern
| Backtest National Foods | National Foods Price Prediction | Buy or Sell Advice |
National Foods Forecasted Value
In the context of forecasting National Foods' 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. National Foods' downside and upside margins for the forecasting period are 170.61 and 173.51, respectively. We have considered National Foods' 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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of National Foods stock data series using in forecasting. Note that when a statistical model is used to represent National Foods 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.6558 |
| MAD | Mean absolute deviation | 1.9202 |
| MAPE | Mean absolute percentage error | 0.0112 |
| SAE | Sum of the absolute errors | 113.29 |
Predictive Modules for National Foods
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as National Foods. 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 National Foods
For every potential investor in National, whether a beginner or expert, National Foods' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. National Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in National. Basic forecasting techniques help filter out the noise by identifying National Foods' price trends.National Foods 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 National Foods stock to make a market-neutral strategy. Peer analysis of National Foods could also be used in its relative valuation, which is a method of valuing National Foods by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
National Foods 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 National Foods' 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 National Foods' current price.| Cycle Indicators | ||
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National Foods Market Strength Events
Market strength indicators help investors to evaluate how National Foods stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading National Foods shares will generate the highest return on investment. By undertsting and applying National Foods stock market strength indicators, traders can identify National Foods entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0338 | |||
| Daily Balance Of Power | (0.16) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 174.01 | |||
| Day Typical Price | 173.61 | |||
| Market Facilitation Index | 5.99 | |||
| Price Action Indicator | (1.67) | |||
| Period Momentum Indicator | (0.96) |
National Foods Risk Indicators
The analysis of National Foods' 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 National Foods' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting national 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 | 1.03 | |||
| Standard Deviation | 1.45 | |||
| Variance | 2.1 |
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 National Foods
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 National Foods 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 National Foods will appreciate offsetting losses from the drop in the long position's value.Moving against National Stock
The ability to find closely correlated positions to National Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Foods 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 National Foods - 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 National Foods to buy it.
The correlation of National Foods 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 National Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Foods 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 National Foods 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 National Stock
National Foods financial ratios help investors to determine whether National 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 National with respect to the benefits of owning National Foods security.