Tipco Asphalt Stock Forecast - Simple Moving Average

TASCO Stock  THB 19.10  0.10  0.52%   
The Simple Moving Average forecasted value of Tipco Asphalt Public on the next trading day is expected to be 19.10 with a mean absolute deviation of 0.21 and the sum of the absolute errors of 12.75. Tipco Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Tipco Asphalt stock prices and determine the direction of Tipco Asphalt Public's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Tipco Asphalt's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A two period moving average forecast for Tipco Asphalt is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Tipco Asphalt Simple Moving Average Price Forecast For the 30th of November

Given 90 days horizon, the Simple Moving Average forecasted value of Tipco Asphalt Public on the next trading day is expected to be 19.10 with a mean absolute deviation of 0.21, mean absolute percentage error of 0.08, and the sum of the absolute errors of 12.75.
Please note that although there have been many attempts to predict Tipco 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 Tipco Asphalt's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Tipco Asphalt Stock Forecast Pattern

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Tipco Asphalt Forecasted Value

In the context of forecasting Tipco Asphalt'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. Tipco Asphalt's downside and upside margins for the forecasting period are 17.62 and 20.58, respectively. We have considered Tipco Asphalt'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.
Market Value
19.10
19.10
Expected Value
20.58
Upside

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 Tipco Asphalt stock data series using in forecasting. Note that when a statistical model is used to represent Tipco Asphalt 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.
AICAkaike Information Criteria113.7253
BiasArithmetic mean of the errors -0.0408
MADMean absolute deviation0.2125
MAPEMean absolute percentage error0.0116
SAESum of the absolute errors12.75
The simple moving average model is conceptually a linear regression of the current value of Tipco Asphalt Public price series against current and previous (unobserved) value of Tipco Asphalt. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for Tipco Asphalt

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tipco Asphalt 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.
Hype
Prediction
LowEstimatedHigh
0.000.001.47
Details
Intrinsic
Valuation
LowRealHigh
0.000.001.47
Details
Bollinger
Band Projection (param)
LowMiddleHigh
17.7218.4419.16
Details

Other Forecasting Options for Tipco Asphalt

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

Tipco Asphalt 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 Tipco Asphalt stock to make a market-neutral strategy. Peer analysis of Tipco Asphalt could also be used in its relative valuation, which is a method of valuing Tipco Asphalt by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Tipco Asphalt Public 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 Tipco Asphalt'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 Tipco Asphalt's current price.

Tipco Asphalt Market Strength Events

Market strength indicators help investors to evaluate how Tipco Asphalt stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tipco Asphalt shares will generate the highest return on investment. By undertsting and applying Tipco Asphalt stock market strength indicators, traders can identify Tipco Asphalt Public entry and exit signals to maximize returns.

Tipco Asphalt Risk Indicators

The analysis of Tipco Asphalt'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 Tipco Asphalt's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tipco 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.
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.

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Other Information on Investing in Tipco Stock

Tipco Asphalt financial ratios help investors to determine whether Tipco 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 Tipco with respect to the benefits of owning Tipco Asphalt security.