SAP SE Stock Forecast - Naive Prediction
| SAPA Stock | EUR 224.00 6.00 2.75% |
The Naive Prediction forecasted value of SAP SE on the next trading day is expected to be 228.68 with a mean absolute deviation of 2.64 and the sum of the absolute errors of 161.08. SAP Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of SAP SE's historical fundamentals, such as revenue growth or operating cash flow patterns.
SAP |
SAP SE Naive Prediction Price Forecast For the 30th of November
Given 90 days horizon, the Naive Prediction forecasted value of SAP SE on the next trading day is expected to be 228.68 with a mean absolute deviation of 2.64, mean absolute percentage error of 10.21, and the sum of the absolute errors of 161.08.Please note that although there have been many attempts to predict SAP 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 SAP SE's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
SAP SE Stock Forecast Pattern
| Backtest SAP SE | SAP SE Price Prediction | Buy or Sell Advice |
SAP SE Forecasted Value
In the context of forecasting SAP SE'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. SAP SE's downside and upside margins for the forecasting period are 226.95 and 230.41, respectively. We have considered SAP SE'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 SAP SE stock data series using in forecasting. Note that when a statistical model is used to represent SAP SE 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 | 120.4343 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.6407 |
| MAPE | Mean absolute percentage error | 0.0125 |
| SAE | Sum of the absolute errors | 161.0838 |
Predictive Modules for SAP SE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SAP SE. 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 SAP SE
For every potential investor in SAP, whether a beginner or expert, SAP SE's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SAP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SAP. Basic forecasting techniques help filter out the noise by identifying SAP SE's price trends.SAP SE 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 SAP SE stock to make a market-neutral strategy. Peer analysis of SAP SE could also be used in its relative valuation, which is a method of valuing SAP SE by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SAP SE 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 SAP SE'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 SAP SE's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
SAP SE Market Strength Events
Market strength indicators help investors to evaluate how SAP SE stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SAP SE shares will generate the highest return on investment. By undertsting and applying SAP SE stock market strength indicators, traders can identify SAP SE entry and exit signals to maximize returns.
SAP SE Risk Indicators
The analysis of SAP SE'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 SAP SE's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sap 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 | 1.33 | |||
| Semi Deviation | 1.39 | |||
| Standard Deviation | 1.72 | |||
| Variance | 2.96 | |||
| Downside Variance | 3.42 | |||
| Semi Variance | 1.94 | |||
| Expected Short fall | (1.67) |
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.
Currently Active Assets on Macroaxis
Other Information on Investing in SAP Stock
SAP SE financial ratios help investors to determine whether SAP 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 SAP with respect to the benefits of owning SAP SE security.