SCG Packaging Stock Forward View - Simple Moving Average
| SCGP Stock | THB 20.70 0.80 3.72% |
SCG Stock outlook is based on your current time horizon.
As of now, The value of RSI of SCG Packaging's share price is at 50. This usually implies that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling SCG Packaging, making its price go up or down. Momentum 50
Impartial
Oversold | Overbought |
Using SCG Packaging hype-based prediction, you can estimate the value of SCG Packaging Public from the perspective of SCG Packaging response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of SCG Packaging Public on the next trading day is expected to be 20.70 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 20.70. SCG Packaging after-hype prediction price | THB 20.7 |
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.
SCG |
SCG Packaging Additional Predictive Modules
Most predictive techniques to examine SCG price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for SCG using various technical indicators. When you analyze SCG 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 |
SCG Packaging Simple Moving Average Price Forecast For the 24th of February
Given 90 days horizon, the Simple Moving Average forecasted value of SCG Packaging Public on the next trading day is expected to be 20.70 with a mean absolute deviation of 0.35, mean absolute percentage error of 0.23, and the sum of the absolute errors of 20.70.Please note that although there have been many attempts to predict SCG Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that SCG Packaging's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
SCG Packaging Stock Forecast Pattern
| Backtest SCG Packaging | SCG Packaging Price Prediction | Research Analysis |
SCG Packaging Forecasted Value
In the context of forecasting SCG Packaging'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. SCG Packaging's downside and upside margins for the forecasting period are 18.43 and 22.97, respectively. We have considered SCG Packaging'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 SCG Packaging stock data series using in forecasting. Note that when a statistical model is used to represent SCG Packaging 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 | 112.9717 |
| Bias | Arithmetic mean of the errors | -0.1322 |
| MAD | Mean absolute deviation | 0.3508 |
| MAPE | Mean absolute percentage error | 0.019 |
| SAE | Sum of the absolute errors | 20.7 |
Predictive Modules for SCG Packaging
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SCG Packaging Public. 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.SCG Packaging After-Hype Price Density Analysis
As far as predicting the price of SCG Packaging at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in SCG Packaging or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of SCG Packaging, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
SCG Packaging Estimiated After-Hype Price Volatility
In the context of predicting SCG Packaging's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on SCG Packaging's historical news coverage. SCG Packaging's after-hype downside and upside margins for the prediction period are 18.43 and 22.97, respectively. We have considered SCG Packaging's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
SCG Packaging is very steady at this time. Analysis and calculation of next after-hype price of SCG Packaging Public is based on 3 months time horizon.
SCG Packaging Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as SCG Packaging is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading SCG Packaging backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with SCG Packaging, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.52 | 2.27 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
20.70 | 20.70 | 0.00 |
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SCG Packaging Hype Timeline
SCG Packaging Public is at this time traded for 20.70on Thailand Exchange of Thailand. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. SCG is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at 0.52%. %. The volatility of related hype on SCG Packaging is about 0.0%, with the expected price after the next announcement by competition of 20.70. About 76.0% of the company outstanding shares are owned by corporate insiders. The book value of SCG Packaging was at this time reported as 23.72. The company has Price/Earnings To Growth (PEG) ratio of 2.55. SCG Packaging Public last dividend was issued on the 4th of April 2023. Assuming the 90 days trading horizon the next forecasted press release will be within a week. Check out Historical Fundamental Analysis of SCG Packaging to cross-verify your projections.SCG Packaging Related Hype Analysis
Having access to credible news sources related to SCG Packaging's direct competition is more important than ever and may enhance your ability to predict SCG Packaging's future price movements. Getting to know how SCG Packaging's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how SCG Packaging may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CSC | Crown Seal Public | 0.00 | 0 per month | 0.55 | (0.11) | 1.12 | (1.11) | 2.76 | |
| THIP | Thantawan Industry Public | 0.00 | 0 per month | 0.88 | (0.02) | 1.80 | (1.75) | 8.13 | |
| SFLEX | Starflex Public | 0.00 | 0 per month | 0.78 | 0.15 | 2.05 | (1.54) | 14.50 | |
| SITHAI | Srithai Superware Public | 0.00 | 0 per month | 0.00 | (0.1) | 0.97 | (1.90) | 4.85 | |
| HFT | Hwa Fong Rubber | 0.00 | 0 per month | 0.68 | 0.10 | 2.99 | (1.64) | 6.49 | |
| FPI | Fortune Parts Industry | 0.00 | 0 per month | 0.56 | 0.12 | 2.25 | (1.64) | 5.78 | |
| TRU | Thai Rung Union | 0.00 | 0 per month | 0.00 | (0.14) | 0.53 | (1.03) | 3.65 | |
| TPBI | TPBI PCL | 0.00 | 0 per month | 0.51 | 0.1 | 1.42 | (1.38) | 4.65 | |
| IRC | Inoue Rubber Public | 0.00 | 0 per month | 1.00 | 0.07 | 1.72 | (1.75) | 7.01 |
Other Forecasting Options for SCG Packaging
For every potential investor in SCG, whether a beginner or expert, SCG Packaging's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SCG Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SCG. Basic forecasting techniques help filter out the noise by identifying SCG Packaging's price trends.SCG Packaging 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 SCG Packaging stock to make a market-neutral strategy. Peer analysis of SCG Packaging could also be used in its relative valuation, which is a method of valuing SCG Packaging by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SCG Packaging Market Strength Events
Market strength indicators help investors to evaluate how SCG Packaging stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SCG Packaging shares will generate the highest return on investment. By undertsting and applying SCG Packaging stock market strength indicators, traders can identify SCG Packaging Public entry and exit signals to maximize returns.
SCG Packaging Risk Indicators
The analysis of SCG Packaging'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 SCG Packaging's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting scg 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 | 1.64 | |||
| Semi Deviation | 1.48 | |||
| Standard Deviation | 2.28 | |||
| Variance | 5.21 | |||
| Downside Variance | 3.13 | |||
| Semi Variance | 2.18 | |||
| Expected Short fall | (2.07) |
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.
Story Coverage note for SCG Packaging
The number of cover stories for SCG Packaging depends on current market conditions and SCG Packaging's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that SCG Packaging is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about SCG Packaging's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Other Information on Investing in SCG Stock
SCG Packaging financial ratios help investors to determine whether SCG 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 SCG with respect to the benefits of owning SCG Packaging security.