One 97 Stock Forecast - Naive Prediction
| PAYTM Stock | 886.60 6.35 0.71% |
The Naive Prediction forecasted value of One 97 Communications on the next trading day is expected to be 911.36 with a mean absolute deviation of 16.66 and the sum of the absolute errors of 1,016. One Stock Forecast is based on your current time horizon. Although One 97's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of One 97's systematic risk associated with finding meaningful patterns of One 97 fundamentals over time.
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One 97 Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of One 97 Communications on the next trading day is expected to be 911.36 with a mean absolute deviation of 16.66, mean absolute percentage error of 511.52, and the sum of the absolute errors of 1,016.Please note that although there have been many attempts to predict One 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 One 97's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
One 97 Stock Forecast Pattern
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One 97 Forecasted Value
In the context of forecasting One 97'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. One 97's downside and upside margins for the forecasting period are 907.42 and 915.30, respectively. We have considered One 97'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 One 97 stock data series using in forecasting. Note that when a statistical model is used to represent One 97 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 | 124.3479 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 16.6632 |
| MAPE | Mean absolute percentage error | 0.0229 |
| SAE | Sum of the absolute errors | 1016.4571 |
Predictive Modules for One 97
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as One 97 Communications. 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 One 97
For every potential investor in One, whether a beginner or expert, One 97's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. One Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in One. Basic forecasting techniques help filter out the noise by identifying One 97's price trends.One 97 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 One 97 stock to make a market-neutral strategy. Peer analysis of One 97 could also be used in its relative valuation, which is a method of valuing One 97 by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
One 97 Communications 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 One 97'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 One 97's current price.| Cycle Indicators | ||
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One 97 Market Strength Events
Market strength indicators help investors to evaluate how One 97 stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading One 97 shares will generate the highest return on investment. By undertsting and applying One 97 stock market strength indicators, traders can identify One 97 Communications entry and exit signals to maximize returns.
| Accumulation Distribution | 317758.0 | |||
| Daily Balance Of Power | (0.20) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 895.28 | |||
| Day Typical Price | 892.38 | |||
| Price Action Indicator | (11.85) | |||
| Period Momentum Indicator | (6.35) |
One 97 Risk Indicators
The analysis of One 97'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 One 97's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting one 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 | 2.95 | |||
| Semi Deviation | 2.59 | |||
| Standard Deviation | 3.91 | |||
| Variance | 15.31 | |||
| Downside Variance | 8.89 | |||
| Semi Variance | 6.72 | |||
| Expected Short fall | (3.63) |
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.Other Information on Investing in One Stock
One 97 financial ratios help investors to determine whether One 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 One with respect to the benefits of owning One 97 security.