UCB - Stock Forecast - Naive Prediction
| UNC Stock | EUR 187.20 0.00 0.00% |
The Naive Prediction forecasted value of UCB Dusseldorf on the next trading day is expected to be 188.08 with a mean absolute deviation of 4.49 and the sum of the absolute errors of 278.22. UCB Stock Forecast is based on your current time horizon.
UCB |
UCB - Naive Prediction Price Forecast For the 8th of February
Given 90 days horizon, the Naive Prediction forecasted value of UCB Dusseldorf on the next trading day is expected to be 188.08 with a mean absolute deviation of 4.49, mean absolute percentage error of 49.35, and the sum of the absolute errors of 278.22.Please note that although there have been many attempts to predict UCB 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 UCB -'s next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
UCB - Stock Forecast Pattern
| Backtest UCB - | UCB - Price Prediction | Buy or Sell Advice |
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 UCB - stock data series using in forecasting. Note that when a statistical model is used to represent UCB - 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 | 123.8473 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 4.4875 |
| MAPE | Mean absolute percentage error | 0.0393 |
| SAE | Sum of the absolute errors | 278.2242 |
Predictive Modules for UCB -
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as UCB Dusseldorf. 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.UCB - 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 UCB - stock to make a market-neutral strategy. Peer analysis of UCB - could also be used in its relative valuation, which is a method of valuing UCB - by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
UCB - Market Strength Events
Market strength indicators help investors to evaluate how UCB - stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading UCB - shares will generate the highest return on investment. By undertsting and applying UCB - stock market strength indicators, traders can identify UCB Dusseldorf entry and exit signals to maximize returns.
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for UCB Stock Analysis
When running UCB -'s price analysis, check to measure UCB -'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 UCB - is operating at the current time. Most of UCB -'s value examination focuses on studying past and present price action to predict the probability of UCB -'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UCB -'s price. Additionally, you may evaluate how the addition of UCB - to your portfolios can decrease your overall portfolio volatility.