360 Finance Stock Forecast - Naive Prediction
| QFIN Stock | USD 35.21 0.04 0.11% |
The Naive Prediction forecasted value of 360 Finance on the next trading day is expected to be 36.93 with a mean absolute deviation of 0.76 and the sum of the absolute errors of 46.35. 360 Stock Forecast is based on your current time horizon. Although 360 Finance's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of 360 Finance's systematic risk associated with finding meaningful patterns of 360 Finance fundamentals over time.
360 |
360 Finance Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the 360 Finance's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2016-12-31 | Previous Quarter 6.3 B | Current Value 4.3 B | Quarterly Volatility 2.3 B |
360 Finance Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of 360 Finance on the next trading day is expected to be 36.93 with a mean absolute deviation of 0.76, mean absolute percentage error of 0.97, and the sum of the absolute errors of 46.35.Please note that although there have been many attempts to predict 360 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 360 Finance's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
360 Finance Stock Forecast Pattern
| Backtest 360 Finance | 360 Finance Price Prediction | Buy or Sell Advice |
360 Finance Forecasted Value
In the context of forecasting 360 Finance'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. 360 Finance's downside and upside margins for the forecasting period are 33.70 and 40.16, respectively. We have considered 360 Finance'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 360 Finance stock data series using in forecasting. Note that when a statistical model is used to represent 360 Finance 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 | 118.0823 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.7598 |
| MAPE | Mean absolute percentage error | 0.0248 |
| SAE | Sum of the absolute errors | 46.3488 |
Predictive Modules for 360 Finance
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 360 Finance. 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 360 Finance
For every potential investor in 360, whether a beginner or expert, 360 Finance's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 360 Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 360. Basic forecasting techniques help filter out the noise by identifying 360 Finance's price trends.360 Finance 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 360 Finance stock to make a market-neutral strategy. Peer analysis of 360 Finance could also be used in its relative valuation, which is a method of valuing 360 Finance by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
360 Finance 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 360 Finance'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 360 Finance's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
360 Finance Market Strength Events
Market strength indicators help investors to evaluate how 360 Finance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 360 Finance shares will generate the highest return on investment. By undertsting and applying 360 Finance stock market strength indicators, traders can identify 360 Finance entry and exit signals to maximize returns.
360 Finance Risk Indicators
The analysis of 360 Finance'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 360 Finance's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 360 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 | 2.54 | |||
| Semi Deviation | 2.36 | |||
| Standard Deviation | 3.2 | |||
| Variance | 10.26 | |||
| Downside Variance | 6.81 | |||
| Semi Variance | 5.59 | |||
| Expected Short fall | (3.13) |
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 360 Finance
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 360 Finance 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 360 Finance will appreciate offsetting losses from the drop in the long position's value.Moving together with 360 Stock
| 0.62 | DIST | Distoken Acquisition | PairCorr |
| 0.79 | AB | AllianceBernstein | PairCorr |
| 0.86 | AC | Associated Capital | PairCorr |
Moving against 360 Stock
| 0.68 | XP | Xp Inc | PairCorr |
| 0.64 | RM | Regional Management Corp | PairCorr |
| 0.6 | PT | Pintec Technology | PairCorr |
| 0.47 | WU | Western Union | PairCorr |
| 0.37 | DMYY | dMY Squared Technology | PairCorr |
The ability to find closely correlated positions to 360 Finance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 360 Finance 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 360 Finance - 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 360 Finance to buy it.
The correlation of 360 Finance 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 360 Finance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 360 Finance 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 360 Finance 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.Check out Historical Fundamental Analysis of 360 Finance to cross-verify your projections. To learn how to invest in 360 Stock, please use our How to Invest in 360 Finance guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Consumer Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 360 Finance. If investors know 360 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 360 Finance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.343 | Earnings Share 4.85 | Revenue Per Share 109.127 | Quarterly Revenue Growth 0.063 | Return On Assets 0.107 |
The market value of 360 Finance is measured differently than its book value, which is the value of 360 that is recorded on the company's balance sheet. Investors also form their own opinion of 360 Finance's value that differs from its market value or its book value, called intrinsic value, which is 360 Finance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 360 Finance's market value can be influenced by many factors that don't directly affect 360 Finance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 360 Finance's value and its price as these two are different measures arrived at by different means. Investors typically determine if 360 Finance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 360 Finance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.