PTC INDUSTRIES Stock Forecast - Naive Prediction
| PTCIL Stock | 11,993 104.55 0.88% |
The Naive Prediction forecasted value of PTC INDUSTRIES LTD on the next trading day is expected to be 12,377 with a mean absolute deviation of 249.45 and the sum of the absolute errors of 15,466. PTC Stock Forecast is based on your current time horizon. Although PTC INDUSTRIES's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of PTC INDUSTRIES's systematic risk associated with finding meaningful patterns of PTC INDUSTRIES fundamentals over time.
PTC |
PTC INDUSTRIES Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of PTC INDUSTRIES LTD on the next trading day is expected to be 12,377 with a mean absolute deviation of 249.45, mean absolute percentage error of 96,177, and the sum of the absolute errors of 15,466.Please note that although there have been many attempts to predict PTC 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 PTC INDUSTRIES's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
PTC INDUSTRIES Stock Forecast Pattern
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PTC INDUSTRIES Forecasted Value
In the context of forecasting PTC INDUSTRIES'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. PTC INDUSTRIES's downside and upside margins for the forecasting period are 12,375 and 12,379, respectively. We have considered PTC INDUSTRIES'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 PTC INDUSTRIES stock data series using in forecasting. Note that when a statistical model is used to represent PTC INDUSTRIES 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 | 131.4223 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 249.451 |
| MAPE | Mean absolute percentage error | 0.0194 |
| SAE | Sum of the absolute errors | 15465.9622 |
Predictive Modules for PTC INDUSTRIES
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PTC INDUSTRIES LTD. 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 PTC INDUSTRIES
For every potential investor in PTC, whether a beginner or expert, PTC INDUSTRIES's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PTC. Basic forecasting techniques help filter out the noise by identifying PTC INDUSTRIES's price trends.PTC INDUSTRIES 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 PTC INDUSTRIES stock to make a market-neutral strategy. Peer analysis of PTC INDUSTRIES could also be used in its relative valuation, which is a method of valuing PTC INDUSTRIES by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PTC INDUSTRIES LTD 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 PTC INDUSTRIES'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 PTC INDUSTRIES's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
PTC INDUSTRIES Market Strength Events
Market strength indicators help investors to evaluate how PTC INDUSTRIES stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PTC INDUSTRIES shares will generate the highest return on investment. By undertsting and applying PTC INDUSTRIES stock market strength indicators, traders can identify PTC INDUSTRIES LTD entry and exit signals to maximize returns.
| Accumulation Distribution | 2228.45 | |||
| Daily Balance Of Power | 0.1948 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 11998.4 | |||
| Day Typical Price | 11996.48 | |||
| Market Facilitation Index | 0.0105 | |||
| Price Action Indicator | 46.52 | |||
| Period Momentum Indicator | 104.55 |
PTC INDUSTRIES Risk Indicators
The analysis of PTC INDUSTRIES'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 PTC INDUSTRIES's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ptc 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 | 1.6 | |||
| Standard Deviation | 2.2 | |||
| Variance | 4.85 |
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 PTC Stock
PTC INDUSTRIES financial ratios help investors to determine whether PTC 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 PTC with respect to the benefits of owning PTC INDUSTRIES security.