Lucas GC Stock Forecast - Naive Prediction
| LGCL Stock | 2.16 0.02 0.92% |
The Naive Prediction forecasted value of Lucas GC Limited on the next trading day is expected to be 2.16 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 9.47. Lucas Stock Forecast is based on your current time horizon. Although Lucas GC's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Lucas GC's systematic risk associated with finding meaningful patterns of Lucas GC fundamentals over time.
As of now, the relative strength index (RSI) of Lucas GC's share price is approaching 40. This indicates that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Lucas GC, making its price go up or down. Momentum 40
Sell Extended
Oversold | Overbought |
Quarterly Earnings Growth (0.61) | Quarterly Revenue Growth (0.36) |
Using Lucas GC hype-based prediction, you can estimate the value of Lucas GC Limited from the perspective of Lucas GC response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Lucas GC Limited on the next trading day is expected to be 2.16 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 9.47. Lucas GC after-hype prediction price | USD 2.16 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Lucas GC to cross-verify your projections. Lucas GC Additional Predictive Modules
Most predictive techniques to examine Lucas price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Lucas using various technical indicators. When you analyze Lucas charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Lucas GC Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Lucas GC's financial statements, predicting their influence on future market prices.
Cash | First Reported 2010-12-31 | Previous Quarter 34.9 M | Current Value 36.7 M | Quarterly Volatility 13.9 M |
Lucas GC Naive Prediction Price Forecast For the 9th of January
Given 90 days horizon, the Naive Prediction forecasted value of Lucas GC Limited on the next trading day is expected to be 2.16 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.04, and the sum of the absolute errors of 9.47.Please note that although there have been many attempts to predict Lucas 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 Lucas GC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Lucas GC Stock Forecast Pattern
| Backtest Lucas GC | Lucas GC Price Prediction | Buy or Sell Advice |
Lucas GC Forecasted Value
In the context of forecasting Lucas GC'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. Lucas GC's downside and upside margins for the forecasting period are 0.02 and 8.31, respectively. We have considered Lucas GC'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 Lucas GC stock data series using in forecasting. Note that when a statistical model is used to represent Lucas GC 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 | 114.9257 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1552 |
| MAPE | Mean absolute percentage error | 0.0603 |
| SAE | Sum of the absolute errors | 9.4659 |
Predictive Modules for Lucas GC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Lucas GC Limited. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lucas GC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Lucas GC
For every potential investor in Lucas, whether a beginner or expert, Lucas GC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Lucas Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Lucas. Basic forecasting techniques help filter out the noise by identifying Lucas GC's price trends.Lucas GC 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 Lucas GC stock to make a market-neutral strategy. Peer analysis of Lucas GC could also be used in its relative valuation, which is a method of valuing Lucas GC by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Lucas GC Limited 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 Lucas GC'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 Lucas GC's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Lucas GC Market Strength Events
Market strength indicators help investors to evaluate how Lucas GC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Lucas GC shares will generate the highest return on investment. By undertsting and applying Lucas GC stock market strength indicators, traders can identify Lucas GC Limited entry and exit signals to maximize returns.
Lucas GC Risk Indicators
The analysis of Lucas GC'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 Lucas GC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lucas 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 | 5.01 | |||
| Standard Deviation | 6.99 | |||
| Variance | 48.91 |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Prophet is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ProphetCheck out Historical Fundamental Analysis of Lucas GC to cross-verify your projections. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Human Resource & Employment Services 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 Lucas GC. If investors know Lucas 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 Lucas GC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.61) | Earnings Share (91.87) | Revenue Per Share | Quarterly Revenue Growth (0.36) | Return On Assets |
The market value of Lucas GC Limited is measured differently than its book value, which is the value of Lucas that is recorded on the company's balance sheet. Investors also form their own opinion of Lucas GC's value that differs from its market value or its book value, called intrinsic value, which is Lucas GC'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 Lucas GC's market value can be influenced by many factors that don't directly affect Lucas GC'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 Lucas GC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lucas GC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lucas GC'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.