Octopus Apollo Stock Forecast - Naive Prediction
| OAP3 Stock | 46.10 0.40 0.86% |
The Naive Prediction forecasted value of Octopus Apollo VCT on the next trading day is expected to be 46.24 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 11.83. Octopus Stock Forecast is based on your current time horizon.
Octopus |
Octopus Apollo Naive Prediction Price Forecast For the 2nd of December
Given 90 days horizon, the Naive Prediction forecasted value of Octopus Apollo VCT on the next trading day is expected to be 46.24 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.15, and the sum of the absolute errors of 11.83.Please note that although there have been many attempts to predict Octopus 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 Octopus Apollo's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Octopus Apollo Stock Forecast Pattern
| Backtest Octopus Apollo | Octopus Apollo Price Prediction | Buy or Sell Advice |
Octopus Apollo Forecasted Value
In the context of forecasting Octopus Apollo'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. Octopus Apollo's downside and upside margins for the forecasting period are 45.28 and 47.20, respectively. We have considered Octopus Apollo'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 Octopus Apollo stock data series using in forecasting. Note that when a statistical model is used to represent Octopus Apollo 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 | 116.183 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1939 |
| MAPE | Mean absolute percentage error | 0.0042 |
| SAE | Sum of the absolute errors | 11.8295 |
Predictive Modules for Octopus Apollo
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Octopus Apollo VCT. 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 Octopus Apollo
For every potential investor in Octopus, whether a beginner or expert, Octopus Apollo's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Octopus Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Octopus. Basic forecasting techniques help filter out the noise by identifying Octopus Apollo's price trends.Octopus Apollo 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 Octopus Apollo stock to make a market-neutral strategy. Peer analysis of Octopus Apollo could also be used in its relative valuation, which is a method of valuing Octopus Apollo by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Octopus Apollo VCT 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 Octopus Apollo'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 Octopus Apollo's current price.| Cycle Indicators | ||
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| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Octopus Apollo Market Strength Events
Market strength indicators help investors to evaluate how Octopus Apollo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Octopus Apollo shares will generate the highest return on investment. By undertsting and applying Octopus Apollo stock market strength indicators, traders can identify Octopus Apollo VCT entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 46.1 | |||
| Day Typical Price | 46.1 | |||
| Price Action Indicator | (0.20) | |||
| Period Momentum Indicator | (0.40) | |||
| Relative Strength Index | 51.3 |
Octopus Apollo Risk Indicators
The analysis of Octopus Apollo'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 Octopus Apollo's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting octopus 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 | 0.2232 | |||
| Standard Deviation | 0.9496 | |||
| Variance | 0.9017 |
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 Octopus Stock Analysis
When running Octopus Apollo's price analysis, check to measure Octopus Apollo'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 Octopus Apollo is operating at the current time. Most of Octopus Apollo's value examination focuses on studying past and present price action to predict the probability of Octopus Apollo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Octopus Apollo's price. Additionally, you may evaluate how the addition of Octopus Apollo to your portfolios can decrease your overall portfolio volatility.