Metropolitan Kentjana Stock Forecast - Naive Prediction

A naive forecasting model for Metropolitan Kentjana is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Metropolitan Kentjana Tbk value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Metropolitan Kentjana Naive Prediction Price Forecast For the 1st of December

Given 90 days horizon, the Naive Prediction forecasted value of Metropolitan Kentjana Tbk on the next trading day is expected to be 26,017 with a mean absolute deviation of 169.57, mean absolute percentage error of 56,473, and the sum of the absolute errors of 10,344.

Metropolitan Kentjana Stock Forecast Pattern

Backtest Metropolitan Kentjana

Metropolitan Kentjana Price Prediction

Buy or Sell Advice

Metropolitan Kentjana Forecasted Value

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 Metropolitan Kentjana stock data series using in forecasting. Note that when a statistical model is used to represent Metropolitan Kentjana 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. This model is not at all useful as a medium-long range forecasting tool of Metropolitan Kentjana Tbk. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Metropolitan Kentjana. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Metropolitan Kentjana

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Metropolitan Kentjana Tbk. 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.

Hype Prediction Low Estimated High 25,949 25,950 25,951 Details

Intrinsic Valuation Low Real High 25,943 25,944 28,545 Details

Bollinger Band Projection (param) Low Middle High 24,486 25,478 26,469 Details

Other Forecasting Options for Metropolitan Kentjana

For every potential investor in Metropolitan, whether a beginner or expert, Metropolitan Kentjana's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Metropolitan Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Metropolitan. Basic forecasting techniques help filter out the noise by identifying Metropolitan Kentjana's price trends.

Metropolitan Kentjana Related Equities

Risk & Return

Correlation

Metropolitan Kentjana Tbk 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 Metropolitan Kentjana'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 Metropolitan Kentjana's current price.

Metropolitan Kentjana Market Strength Events

Metropolitan Kentjana Risk Indicators

Other Information on Investing in Metropolitan Stock