DS Smith Stock Forecast - Naive Prediction
| SMDS Stock | 582.50 5.50 0.94% |
The Naive Prediction forecasted value of DS Smith PLC on the next trading day is expected to be 554.32 with a mean absolute deviation of 5.75 and the sum of the absolute errors of 350.77. SMDS Stock Forecast is based on your current time horizon.
SMDS |
DS Smith Naive Prediction Price Forecast For the 27th of February
Given 90 days horizon, the Naive Prediction forecasted value of DS Smith PLC on the next trading day is expected to be 554.32 with a mean absolute deviation of 5.75, mean absolute percentage error of 51.77, and the sum of the absolute errors of 350.77.Please note that although there have been many attempts to predict SMDS 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 DS Smith's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
DS Smith Stock Forecast Pattern
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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 DS Smith stock data series using in forecasting. Note that when a statistical model is used to represent DS Smith 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 | 122.0573 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 5.7504 |
| MAPE | Mean absolute percentage error | 0.0102 |
| SAE | Sum of the absolute errors | 350.7746 |
Predictive Modules for DS Smith
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DS Smith PLC. 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.DS Smith 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 DS Smith stock to make a market-neutral strategy. Peer analysis of DS Smith could also be used in its relative valuation, which is a method of valuing DS Smith by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DS Smith Market Strength Events
Market strength indicators help investors to evaluate how DS Smith stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DS Smith shares will generate the highest return on investment. By undertsting and applying DS Smith stock market strength indicators, traders can identify DS Smith PLC entry and exit signals to maximize returns.
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.Additional Tools for SMDS Stock Analysis
When running DS Smith's price analysis, check to measure DS Smith'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 DS Smith is operating at the current time. Most of DS Smith's value examination focuses on studying past and present price action to predict the probability of DS Smith's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DS Smith's price. Additionally, you may evaluate how the addition of DS Smith to your portfolios can decrease your overall portfolio volatility.