Pabrik Kertas Stock Forecast - Naive Prediction
| TKIM Stock | IDR 6,225 50.00 0.80% |
The Naive Prediction forecasted value of Pabrik Kertas Tjiwi on the next trading day is expected to be 6,515 with a mean absolute deviation of 97.00 and the sum of the absolute errors of 5,917. Pabrik Stock Forecast is based on your current time horizon.
Pabrik |
Pabrik Kertas Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Pabrik Kertas Tjiwi on the next trading day is expected to be 6,515 with a mean absolute deviation of 97.00, mean absolute percentage error of 16,765, and the sum of the absolute errors of 5,917.Please note that although there have been many attempts to predict Pabrik 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 Pabrik Kertas' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pabrik Kertas Stock Forecast Pattern
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Pabrik Kertas Forecasted Value
In the context of forecasting Pabrik Kertas' 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. Pabrik Kertas' downside and upside margins for the forecasting period are 6,514 and 6,517, respectively. We have considered Pabrik Kertas' 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 Pabrik Kertas stock data series using in forecasting. Note that when a statistical model is used to represent Pabrik Kertas 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 | 127.8375 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 96.995 |
| MAPE | Mean absolute percentage error | 0.0139 |
| SAE | Sum of the absolute errors | 5916.6961 |
Predictive Modules for Pabrik Kertas
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pabrik Kertas Tjiwi. 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 Pabrik Kertas
For every potential investor in Pabrik, whether a beginner or expert, Pabrik Kertas' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Pabrik Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Pabrik. Basic forecasting techniques help filter out the noise by identifying Pabrik Kertas' price trends.Pabrik Kertas 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 Pabrik Kertas stock to make a market-neutral strategy. Peer analysis of Pabrik Kertas could also be used in its relative valuation, which is a method of valuing Pabrik Kertas by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pabrik Kertas Tjiwi 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 Pabrik Kertas' 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 Pabrik Kertas' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Pabrik Kertas Market Strength Events
Market strength indicators help investors to evaluate how Pabrik Kertas stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pabrik Kertas shares will generate the highest return on investment. By undertsting and applying Pabrik Kertas stock market strength indicators, traders can identify Pabrik Kertas Tjiwi entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0198 | |||
| Daily Balance Of Power | (0.40) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 6262.5 | |||
| Day Typical Price | 6250.0 | |||
| Market Facilitation Index | 125.0 | |||
| Price Action Indicator | (62.50) | |||
| Period Momentum Indicator | (50.00) |
Pabrik Kertas Risk Indicators
The analysis of Pabrik Kertas' 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 Pabrik Kertas' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pabrik 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 | 1.3 | |||
| Standard Deviation | 1.87 | |||
| Variance | 3.51 |
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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Pabrik Kertas financial ratios help investors to determine whether Pabrik 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 Pabrik with respect to the benefits of owning Pabrik Kertas security.