Senstar Technologies Stock Forecast - Naive Prediction

Senstar Technologies Additional Predictive Modules

Most predictive techniques to examine Senstar price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Senstar using various technical indicators. When you analyze Senstar 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. A naive forecasting model for Senstar Technologies is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Senstar Technologies value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Senstar Technologies Naive Prediction Price Forecast For the 3rd of January

Given 90 days horizon, the Naive Prediction forecasted value of Senstar Technologies on the next trading day is expected to be 4.99 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.05, and the sum of the absolute errors of 11.40.

Senstar Technologies Stock Forecast Pattern

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Senstar Technologies Price Prediction

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Senstar Technologies Forecasted Value

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 Senstar Technologies stock data series using in forecasting. Note that when a statistical model is used to represent Senstar Technologies 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. This model is not at all useful as a medium-long range forecasting tool of Senstar Technologies. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Senstar Technologies. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Senstar Technologies

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Senstar Technologies. 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.

Hype Prediction Low Estimated High 0.24 4.77 9.93 Details

Intrinsic Valuation Low Real High 0.19 3.73 8.89 Details

Bollinger Band Projection (param) Low Middle High 2.61 3.84 5.06 Details

Other Forecasting Options for Senstar Technologies

For every potential investor in Senstar, whether a beginner or expert, Senstar Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Senstar Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Senstar. Basic forecasting techniques help filter out the noise by identifying Senstar Technologies' price trends.

Senstar Technologies Related Equities

Risk & Return

Correlation

Senstar Technologies 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 Senstar Technologies' 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 Senstar Technologies' current price.

Senstar Technologies Market Strength Events

Senstar Technologies Risk Indicators

Additional Tools for Senstar Stock Analysis