Construction JSC Stock Forecast - Simple Regression
| SC5 Stock | 15,500 100.00 0.64% |
The Simple Regression forecasted value of Construction JSC No5 on the next trading day is expected to be 15,994 with a mean absolute deviation of 283.54 and the sum of the absolute errors of 17,296. Construction Stock Forecast is based on your current time horizon.
As of today, the value of RSI of Construction JSC's share price is approaching 32. This usually implies that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Construction JSC, making its price go up or down. Momentum 32
Sell Stretched
Oversold | Overbought |
Using Construction JSC hype-based prediction, you can estimate the value of Construction JSC No5 from the perspective of Construction JSC response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Construction JSC No5 on the next trading day is expected to be 15,994 with a mean absolute deviation of 283.54 and the sum of the absolute errors of 17,296. Construction JSC after-hype prediction price | VND 15500.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Construction |
Construction JSC Additional Predictive Modules
Most predictive techniques to examine Construction price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Construction using various technical indicators. When you analyze Construction charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Construction JSC Simple Regression Price Forecast For the 6th of January
Given 90 days horizon, the Simple Regression forecasted value of Construction JSC No5 on the next trading day is expected to be 15,994 with a mean absolute deviation of 283.54, mean absolute percentage error of 171,571, and the sum of the absolute errors of 17,296.Please note that although there have been many attempts to predict Construction 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 Construction JSC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Construction JSC Stock Forecast Pattern
| Backtest Construction JSC | Construction JSC Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Construction JSC stock data series using in forecasting. Note that when a statistical model is used to represent Construction JSC 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 | 130.1633 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 283.5411 |
| MAPE | Mean absolute percentage error | 0.0171 |
| SAE | Sum of the absolute errors | 17296.0074 |
Predictive Modules for Construction JSC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Construction JSC No5. 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.Construction JSC 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 Construction JSC stock to make a market-neutral strategy. Peer analysis of Construction JSC could also be used in its relative valuation, which is a method of valuing Construction JSC by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Construction JSC Market Strength Events
Market strength indicators help investors to evaluate how Construction JSC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Construction JSC shares will generate the highest return on investment. By undertsting and applying Construction JSC stock market strength indicators, traders can identify Construction JSC No5 entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0064 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 15550.0 | |||
| Day Typical Price | 15533.33 | |||
| Market Facilitation Index | 100.0 | |||
| Price Action Indicator | (100.00) | |||
| Period Momentum Indicator | (100.00) | |||
| Relative Strength Index | 32.37 |
Construction JSC Risk Indicators
The analysis of Construction JSC'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 Construction JSC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting construction 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 | 1.71 | |||
| Standard Deviation | 2.6 | |||
| Variance | 6.75 |
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 Construction JSC
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 Construction JSC 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 Construction JSC will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Construction JSC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Construction JSC 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 Construction JSC - 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 Construction JSC No5 to buy it.
The correlation of Construction JSC 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 Construction JSC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Construction JSC No5 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 Construction JSC 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 Construction Stock
Construction JSC financial ratios help investors to determine whether Construction 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 Construction with respect to the benefits of owning Construction JSC security.