TOL GASES Stock Forecast - Naive Prediction
| TOL Stock | 670.00 0.00 0.00% |
TOL |
TOL GASES Naive Prediction Price Forecast For the 3rd of February
Given 90 days horizon, the Naive Prediction forecasted value of TOL GASES LTD on the next trading day is expected to be 669.41 with a mean absolute deviation of 2.43, mean absolute percentage error of 24.34, and the sum of the absolute errors of 148.48.Please note that although there have been many attempts to predict TOL 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 TOL GASES's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
TOL GASES Stock Forecast Pattern
TOL GASES Forecasted Value
In the context of forecasting TOL GASES'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. TOL GASES's downside and upside margins for the forecasting period are 668.86 and 669.96, respectively. We have considered TOL GASES'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of TOL GASES stock data series using in forecasting. Note that when a statistical model is used to represent TOL GASES 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 | 121.3027 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.4342 |
| MAPE | Mean absolute percentage error | 0.0037 |
| SAE | Sum of the absolute errors | 148.4844 |
Predictive Modules for TOL GASES
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TOL GASES LTD. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TOL GASES's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for TOL GASES
For every potential investor in TOL, whether a beginner or expert, TOL GASES's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. TOL Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in TOL. Basic forecasting techniques help filter out the noise by identifying TOL GASES's price trends.TOL GASES 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 TOL GASES stock to make a market-neutral strategy. Peer analysis of TOL GASES could also be used in its relative valuation, which is a method of valuing TOL GASES by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TOL GASES LTD 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 TOL GASES'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 TOL GASES's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
TOL GASES Market Strength Events
Market strength indicators help investors to evaluate how TOL GASES stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TOL GASES shares will generate the highest return on investment. By undertsting and applying TOL GASES stock market strength indicators, traders can identify TOL GASES LTD entry and exit signals to maximize returns.
TOL GASES Risk Indicators
The analysis of TOL GASES'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 TOL GASES's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tol 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 | 0.1836 | |||
| Standard Deviation | 0.6527 | |||
| Variance | 0.4261 |
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.