MDJM Stock Forecast - 4 Period Moving Average
| UOKA Stock | 0.21 0.01 4.55% |
The 4 Period Moving Average forecasted value of MDJM on the next trading day is expected to be 0.21 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.39. MDJM Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast MDJM stock prices and determine the direction of MDJM's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of MDJM's historical fundamentals, such as revenue growth or operating cash flow patterns.
MDJM |
MDJM 4 Period Moving Average Price Forecast For the 27th of December
Given 90 days horizon, the 4 Period Moving Average forecasted value of MDJM on the next trading day is expected to be 0.21 with a mean absolute deviation of 0.04, mean absolute percentage error of 0.01, and the sum of the absolute errors of 2.39.Please note that although there have been many attempts to predict MDJM 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 MDJM's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
MDJM Stock Forecast Pattern
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MDJM Forecasted Value
In the context of forecasting MDJM'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. MDJM's downside and upside margins for the forecasting period are 0 and 13.63, respectively. We have considered MDJM'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of MDJM stock data series using in forecasting. Note that when a statistical model is used to represent MDJM 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 | 105.7522 |
| Bias | Arithmetic mean of the errors | 0.0194 |
| MAD | Mean absolute deviation | 0.0419 |
| MAPE | Mean absolute percentage error | 0.1654 |
| SAE | Sum of the absolute errors | 2.3875 |
Predictive Modules for MDJM
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MDJM. 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 MDJM
For every potential investor in MDJM, whether a beginner or expert, MDJM's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MDJM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MDJM. Basic forecasting techniques help filter out the noise by identifying MDJM's price trends.MDJM 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 MDJM stock to make a market-neutral strategy. Peer analysis of MDJM could also be used in its relative valuation, which is a method of valuing MDJM by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MDJM 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 MDJM'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 MDJM's current price.| Cycle Indicators | ||
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| Volume Indicators |
MDJM Market Strength Events
Market strength indicators help investors to evaluate how MDJM stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MDJM shares will generate the highest return on investment. By undertsting and applying MDJM stock market strength indicators, traders can identify MDJM entry and exit signals to maximize returns.
MDJM Risk Indicators
The analysis of MDJM'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 MDJM's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mdjm 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 | 7.88 | |||
| Standard Deviation | 13.16 | |||
| Variance | 173.14 |
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.When determining whether MDJM offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MDJM's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mdjm Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mdjm Stock:Check out Historical Fundamental Analysis of MDJM to cross-verify your projections. For information on how to trade MDJM Stock refer to our How to Trade MDJM Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Real Estate space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MDJM. If investors know MDJM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MDJM listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of MDJM is measured differently than its book value, which is the value of MDJM that is recorded on the company's balance sheet. Investors also form their own opinion of MDJM's value that differs from its market value or its book value, called intrinsic value, which is MDJM's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MDJM's market value can be influenced by many factors that don't directly affect MDJM's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MDJM's value and its price as these two are different measures arrived at by different means. Investors typically determine if MDJM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MDJM's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.