CBAK Energy Stock Forecast - Naive Prediction
| CBAT Stock | USD 0.95 0.05 5.56% |
The Naive Prediction forecasted value of CBAK Energy Technology on the next trading day is expected to be 0.84 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.30. CBAK Stock Forecast is based on your current time horizon.
CBAK |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the CBAK Energy's financial statements to predict how it will affect future prices.
Cash | First Reported 1997-03-31 | Previous Quarter 20.1 M | Current Value 10.4 M | Quarterly Volatility 12.5 M |
CBAK Energy Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of CBAK Energy Technology on the next trading day is expected to be 0.84 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.30.Please note that although there have been many attempts to predict CBAK 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 CBAK Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CBAK Energy Stock Forecast Pattern
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CBAK Energy Forecasted Value
In the context of forecasting CBAK Energy'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. CBAK Energy's downside and upside margins for the forecasting period are 0.01 and 5.16, respectively. We have considered CBAK Energy'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of CBAK Energy stock data series using in forecasting. Note that when a statistical model is used to represent CBAK Energy 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 | 112.1077 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0377 |
| MAPE | Mean absolute percentage error | 0.0361 |
| SAE | Sum of the absolute errors | 2.2977 |
Predictive Modules for CBAK Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CBAK Energy Technology. 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 CBAK Energy
For every potential investor in CBAK, whether a beginner or expert, CBAK Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CBAK Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CBAK. Basic forecasting techniques help filter out the noise by identifying CBAK Energy's price trends.View CBAK Energy Related Equities
| Risk & Return | Correlation |
CBAK Energy Technology 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 CBAK Energy'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 CBAK Energy's current price.| Cycle Indicators | ||
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CBAK Energy Market Strength Events
Market strength indicators help investors to evaluate how CBAK Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CBAK Energy shares will generate the highest return on investment. By undertsting and applying CBAK Energy stock market strength indicators, traders can identify CBAK Energy Technology entry and exit signals to maximize returns.
| Accumulation Distribution | 21010.36 | |||
| Daily Balance Of Power | 0.5556 | |||
| Rate Of Daily Change | 1.06 | |||
| Day Median Price | 0.93 | |||
| Day Typical Price | 0.93 | |||
| Price Action Indicator | 0.05 | |||
| Period Momentum Indicator | 0.05 |
CBAK Energy Risk Indicators
The analysis of CBAK Energy'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 CBAK Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cbak 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 | 3.03 | |||
| Standard Deviation | 4.24 | |||
| Variance | 17.95 |
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.
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Additional Tools for CBAK Stock Analysis
When running CBAK Energy's price analysis, check to measure CBAK Energy'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 CBAK Energy is operating at the current time. Most of CBAK Energy's value examination focuses on studying past and present price action to predict the probability of CBAK Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CBAK Energy's price. Additionally, you may evaluate how the addition of CBAK Energy to your portfolios can decrease your overall portfolio volatility.