METTLER TOLEDO Stock Forecast - Naive Prediction
| MTO Stock | 1,173 5.50 0.47% |
The Naive Prediction forecasted value of METTLER TOLEDO INTL on the next trading day is expected to be 1,166 with a mean absolute deviation of 26.81 and the sum of the absolute errors of 1,636. METTLER Stock Forecast is based on your current time horizon.
METTLER |
METTLER TOLEDO Naive Prediction Price Forecast For the 1st of December
Given 90 days horizon, the Naive Prediction forecasted value of METTLER TOLEDO INTL on the next trading day is expected to be 1,166 with a mean absolute deviation of 26.81, mean absolute percentage error of 1,343, and the sum of the absolute errors of 1,636.Please note that although there have been many attempts to predict METTLER 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 METTLER TOLEDO's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
METTLER TOLEDO Stock Forecast Pattern
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METTLER TOLEDO Forecasted Value
In the context of forecasting METTLER TOLEDO'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. METTLER TOLEDO's downside and upside margins for the forecasting period are 1,164 and 1,168, respectively. We have considered METTLER TOLEDO'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 METTLER TOLEDO stock data series using in forecasting. Note that when a statistical model is used to represent METTLER TOLEDO 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 | 125.3133 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 26.8138 |
| MAPE | Mean absolute percentage error | 0.0218 |
| SAE | Sum of the absolute errors | 1635.6416 |
Predictive Modules for METTLER TOLEDO
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as METTLER TOLEDO INTL. 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 METTLER TOLEDO'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 METTLER TOLEDO
For every potential investor in METTLER, whether a beginner or expert, METTLER TOLEDO's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. METTLER Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in METTLER. Basic forecasting techniques help filter out the noise by identifying METTLER TOLEDO's price trends.METTLER TOLEDO 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 METTLER TOLEDO stock to make a market-neutral strategy. Peer analysis of METTLER TOLEDO could also be used in its relative valuation, which is a method of valuing METTLER TOLEDO by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
METTLER TOLEDO INTL 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 METTLER TOLEDO'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 METTLER TOLEDO's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
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| Volume Indicators |
METTLER TOLEDO Market Strength Events
Market strength indicators help investors to evaluate how METTLER TOLEDO stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading METTLER TOLEDO shares will generate the highest return on investment. By undertsting and applying METTLER TOLEDO stock market strength indicators, traders can identify METTLER TOLEDO INTL entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1173.0 | |||
| Day Typical Price | 1173.0 | |||
| Price Action Indicator | (2.75) | |||
| Period Momentum Indicator | (5.50) | |||
| Relative Strength Index | 36.47 |
METTLER TOLEDO Risk Indicators
The analysis of METTLER TOLEDO'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 METTLER TOLEDO's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mettler 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 | 1.35 | |||
| Standard Deviation | 1.92 | |||
| Variance | 3.68 |
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 METTLER Stock Analysis
When running METTLER TOLEDO's price analysis, check to measure METTLER TOLEDO'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 METTLER TOLEDO is operating at the current time. Most of METTLER TOLEDO's value examination focuses on studying past and present price action to predict the probability of METTLER TOLEDO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move METTLER TOLEDO's price. Additionally, you may evaluate how the addition of METTLER TOLEDO to your portfolios can decrease your overall portfolio volatility.