Total Transport Stock Forecast - Simple Moving Average
| TOTAL Stock | 67.95 1.53 2.20% |
The Simple Moving Average forecasted value of Total Transport Systems on the next trading day is expected to be 67.95 with a mean absolute deviation of 1.41 and the sum of the absolute errors of 83.40. Total Stock Forecast is based on your current time horizon. Although Total Transport's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Total Transport's systematic risk associated with finding meaningful patterns of Total Transport fundamentals over time.
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Total Transport Simple Moving Average Price Forecast For the 24th of November
Given 90 days horizon, the Simple Moving Average forecasted value of Total Transport Systems on the next trading day is expected to be 67.95 with a mean absolute deviation of 1.41, mean absolute percentage error of 3.51, and the sum of the absolute errors of 83.40.Please note that although there have been many attempts to predict Total 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 Total Transport's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Total Transport Stock Forecast Pattern
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Total Transport Forecasted Value
In the context of forecasting Total Transport'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. Total Transport's downside and upside margins for the forecasting period are 66.18 and 69.72, respectively. We have considered Total Transport'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 Total Transport stock data series using in forecasting. Note that when a statistical model is used to represent Total Transport 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 | 115.6904 |
| Bias | Arithmetic mean of the errors | 0.7719 |
| MAD | Mean absolute deviation | 1.4136 |
| MAPE | Mean absolute percentage error | 0.0171 |
| SAE | Sum of the absolute errors | 83.4 |
Predictive Modules for Total Transport
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Total Transport Systems. 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 Total Transport
For every potential investor in Total, whether a beginner or expert, Total Transport's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Total Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Total. Basic forecasting techniques help filter out the noise by identifying Total Transport's price trends.Total Transport 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 Total Transport stock to make a market-neutral strategy. Peer analysis of Total Transport could also be used in its relative valuation, which is a method of valuing Total Transport by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Total Transport Systems 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 Total Transport'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 Total Transport's current price.| Cycle Indicators | ||
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| Volume Indicators |
Total Transport Market Strength Events
Market strength indicators help investors to evaluate how Total Transport stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Total Transport shares will generate the highest return on investment. By undertsting and applying Total Transport stock market strength indicators, traders can identify Total Transport Systems entry and exit signals to maximize returns.
Total Transport Risk Indicators
The analysis of Total Transport'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 Total Transport's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting total 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 | 1.28 | |||
| Standard Deviation | 1.74 | |||
| Variance | 3.04 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Total Stock
Total Transport financial ratios help investors to determine whether Total 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 Total with respect to the benefits of owning Total Transport security.