Quang Nam Stock Forecast - Simple Moving Average
| QTC Stock | 17,600 0.00 0.00% |
The Simple Moving Average forecasted value of Quang Nam Transportation on the next trading day is expected to be 17,600 with a mean absolute deviation of 505.08 and the sum of the absolute errors of 29,800. Quang Stock Forecast is based on your current time horizon.
Quang |
Quang Nam Simple Moving Average Price Forecast For the 26th of November
Given 90 days horizon, the Simple Moving Average forecasted value of Quang Nam Transportation on the next trading day is expected to be 17,600 with a mean absolute deviation of 505.08, mean absolute percentage error of 483,814, and the sum of the absolute errors of 29,800.Please note that although there have been many attempts to predict Quang 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 Quang Nam's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Quang Nam Stock Forecast Pattern
| Backtest Quang Nam | Quang Nam Price Prediction | Buy or Sell Advice |
Quang Nam Forecasted Value
In the context of forecasting Quang Nam'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. Quang Nam's downside and upside margins for the forecasting period are 17,595 and 17,605, respectively. We have considered Quang Nam'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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Quang Nam stock data series using in forecasting. Note that when a statistical model is used to represent Quang Nam 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 | 127.5242 |
| Bias | Arithmetic mean of the errors | -108.4746 |
| MAD | Mean absolute deviation | 505.0847 |
| MAPE | Mean absolute percentage error | 0.036 |
| SAE | Sum of the absolute errors | 29800.0 |
Predictive Modules for Quang Nam
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Quang Nam Transportation. 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 Quang Nam
For every potential investor in Quang, whether a beginner or expert, Quang Nam's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Quang Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Quang. Basic forecasting techniques help filter out the noise by identifying Quang Nam's price trends.Quang Nam 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 Quang Nam stock to make a market-neutral strategy. Peer analysis of Quang Nam could also be used in its relative valuation, which is a method of valuing Quang Nam by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Quang Nam Transportation 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 Quang Nam'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 Quang Nam's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Quang Nam Market Strength Events
Market strength indicators help investors to evaluate how Quang Nam stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Quang Nam shares will generate the highest return on investment. By undertsting and applying Quang Nam stock market strength indicators, traders can identify Quang Nam Transportation entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 17600.0 | |||
| Day Typical Price | 17600.0 | |||
| Relative Strength Index | 49.37 |
Quang Nam Risk Indicators
The analysis of Quang Nam'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 Quang Nam's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting quang 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 | 3.77 | |||
| Semi Deviation | 4.66 | |||
| Standard Deviation | 5.01 | |||
| Variance | 25.11 | |||
| Downside Variance | 34.82 | |||
| Semi Variance | 21.68 | |||
| Expected Short fall | (4.35) |
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 Quang Nam
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 Quang Nam 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 Quang Nam will appreciate offsetting losses from the drop in the long position's value.Moving against Quang Stock
| 0.71 | AME | Alphanam ME | PairCorr |
| 0.71 | ABS | Binhthuan Agriculture | PairCorr |
| 0.7 | AAA | An Phat Plastic | PairCorr |
| 0.69 | ADS | Damsan JSC | PairCorr |
| 0.5 | AAM | Mekong Fisheries JSC | PairCorr |
The ability to find closely correlated positions to Quang Nam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quang Nam 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 Quang Nam - 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 Quang Nam Transportation to buy it.
The correlation of Quang Nam 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 Quang Nam moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quang Nam Transportation 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 Quang Nam 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 Quang Stock
Quang Nam financial ratios help investors to determine whether Quang 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 Quang with respect to the benefits of owning Quang Nam security.