China Southern Stock Forecast - Polynomial Regression
| ZNHDelisted Stock | USD 36.97 0.28 0.75% |
The Polynomial Regression forecasted value of China Southern Airlines on the next trading day is expected to be 38.41 with a mean absolute deviation of 0.50 and the sum of the absolute errors of 16.97. China Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of China Southern's historical fundamentals, such as revenue growth or operating cash flow patterns.
China |
China Southern Polynomial Regression Price Forecast For the 2nd of February
Given 90 days horizon, the Polynomial Regression forecasted value of China Southern Airlines on the next trading day is expected to be 38.41 with a mean absolute deviation of 0.50, mean absolute percentage error of 0.37, and the sum of the absolute errors of 16.97.Please note that although there have been many attempts to predict China 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 China Southern's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
China Southern Stock Forecast Pattern
| Backtest China Southern | China Southern Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of China Southern stock data series using in forecasting. Note that when a statistical model is used to represent China Southern 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 | 67.5039 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.499 |
| MAPE | Mean absolute percentage error | 0.0146 |
| SAE | Sum of the absolute errors | 16.9658 |
Predictive Modules for China Southern
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as China Southern Airlines. 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.China Southern 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 China Southern stock to make a market-neutral strategy. Peer analysis of China Southern could also be used in its relative valuation, which is a method of valuing China Southern by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
China Southern Market Strength Events
Market strength indicators help investors to evaluate how China Southern stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading China Southern shares will generate the highest return on investment. By undertsting and applying China Southern stock market strength indicators, traders can identify China Southern Airlines entry and exit signals to maximize returns.
Currently Active Assets on Macroaxis
| EBR | Centrais Electricas Brasileiras | |
| HE | Hawaiian Electric Industries | |
| VFC | VF Corporation | |
| BVHMF | Vistry Group PLC | |
| S | SentinelOne |
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in China Stock
If you are still planning to invest in China Southern Airlines check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the China Southern's history and understand the potential risks before investing.
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