TOTVS SA Stock Forecast - Simple Regression
| TOTS3 Stock | BRL 30.34 0.57 1.91% |
The Simple Regression forecasted value of TOTVS SA on the next trading day is expected to be 30.20 with a mean absolute deviation of 0.88 and the sum of the absolute errors of 53.78. TOTVS Stock Forecast is based on your current time horizon.
TOTVS |
TOTVS SA Simple Regression Price Forecast For the 27th of November
Given 90 days horizon, the Simple Regression forecasted value of TOTVS SA on the next trading day is expected to be 30.20 with a mean absolute deviation of 0.88, mean absolute percentage error of 1.47, and the sum of the absolute errors of 53.78.Please note that although there have been many attempts to predict TOTVS 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 TOTVS SA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
TOTVS SA Stock Forecast Pattern
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TOTVS SA Forecasted Value
In the context of forecasting TOTVS SA'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. TOTVS SA's downside and upside margins for the forecasting period are 28.16 and 32.23, respectively. We have considered TOTVS SA'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 Regression forecasting method's relative quality and the estimations of the prediction error of TOTVS SA stock data series using in forecasting. Note that when a statistical model is used to represent TOTVS SA 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 | 118.4938 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.8817 |
| MAPE | Mean absolute percentage error | 0.0294 |
| SAE | Sum of the absolute errors | 53.7843 |
Predictive Modules for TOTVS SA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TOTVS SA. 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 TOTVS SA
For every potential investor in TOTVS, whether a beginner or expert, TOTVS SA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. TOTVS Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in TOTVS. Basic forecasting techniques help filter out the noise by identifying TOTVS SA's price trends.TOTVS SA 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 TOTVS SA stock to make a market-neutral strategy. Peer analysis of TOTVS SA could also be used in its relative valuation, which is a method of valuing TOTVS SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TOTVS SA 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 TOTVS SA'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 TOTVS SA's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
TOTVS SA Market Strength Events
Market strength indicators help investors to evaluate how TOTVS SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TOTVS SA shares will generate the highest return on investment. By undertsting and applying TOTVS SA stock market strength indicators, traders can identify TOTVS SA entry and exit signals to maximize returns.
| Accumulation Distribution | 109395.0 | |||
| Daily Balance Of Power | 0.5481 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 30.21 | |||
| Day Typical Price | 30.25 | |||
| Price Action Indicator | 0.41 | |||
| Period Momentum Indicator | 0.57 |
TOTVS SA Risk Indicators
The analysis of TOTVS SA'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 TOTVS SA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting totvs 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 | 1.34 | |||
| Standard Deviation | 2.04 | |||
| Variance | 4.16 |
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.Additional Tools for TOTVS Stock Analysis
When running TOTVS SA's price analysis, check to measure TOTVS SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TOTVS SA is operating at the current time. Most of TOTVS SA's value examination focuses on studying past and present price action to predict the probability of TOTVS SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOTVS SA's price. Additionally, you may evaluate how the addition of TOTVS SA to your portfolios can decrease your overall portfolio volatility.