El Al Stock Forecast - Naive Prediction
| ELAL Stock | 670.00 24.90 3.58% |
The Naive Prediction forecasted value of El Al Israel on the next trading day is expected to be 641.29 with a mean absolute deviation of 24.46 and the sum of the absolute errors of 1,492. ELAL Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast El Al stock prices and determine the direction of El Al Israel's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of El Al's historical fundamentals, such as revenue growth or operating cash flow patterns.
ELAL |
El Al Naive Prediction Price Forecast For the 1st of December
Given 90 days horizon, the Naive Prediction forecasted value of El Al Israel on the next trading day is expected to be 641.29 with a mean absolute deviation of 24.46, mean absolute percentage error of 977.04, and the sum of the absolute errors of 1,492.Please note that although there have been many attempts to predict ELAL 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 El Al's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
El Al Stock Forecast Pattern
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El Al Forecasted Value
In the context of forecasting El Al'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. El Al's downside and upside margins for the forecasting period are 637.49 and 645.09, respectively. We have considered El Al'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 El Al stock data series using in forecasting. Note that when a statistical model is used to represent El Al 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 | 124.995 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 24.4555 |
| MAPE | Mean absolute percentage error | 0.0346 |
| SAE | Sum of the absolute errors | 1491.7876 |
Predictive Modules for El Al
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as El Al Israel. 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 El Al
For every potential investor in ELAL, whether a beginner or expert, El Al's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ELAL Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ELAL. Basic forecasting techniques help filter out the noise by identifying El Al's price trends.El Al 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 El Al stock to make a market-neutral strategy. Peer analysis of El Al could also be used in its relative valuation, which is a method of valuing El Al by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
El Al Israel 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 El Al'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 El Al's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
El Al Market Strength Events
Market strength indicators help investors to evaluate how El Al stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading El Al shares will generate the highest return on investment. By undertsting and applying El Al stock market strength indicators, traders can identify El Al Israel entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0627 | |||
| Daily Balance Of Power | (0.58) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 667.6 | |||
| Day Typical Price | 668.4 | |||
| Market Facilitation Index | 43.2 | |||
| Price Action Indicator | (10.05) | |||
| Period Momentum Indicator | (24.90) | |||
| Relative Strength Index | 49.47 |
El Al Risk Indicators
The analysis of El Al'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 El Al's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting elal 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 | 2.64 | |||
| Semi Deviation | 3.84 | |||
| Standard Deviation | 3.47 | |||
| Variance | 12.07 | |||
| Downside Variance | 18.1 | |||
| Semi Variance | 14.77 | |||
| Expected Short fall | (2.59) |
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.Other Information on Investing in ELAL Stock
El Al financial ratios help investors to determine whether ELAL Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ELAL with respect to the benefits of owning El Al security.