Hunan TV Stock Forecast - Naive Prediction

000917 Stock   7.54  0.55  6.80%   
The Naive Prediction forecasted value of Hunan TV Broadcast on the next trading day is expected to be 7.05 with a mean absolute deviation of 0.49 and the sum of the absolute errors of 30.36. Hunan Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Hunan TV stock prices and determine the direction of Hunan TV Broadcast's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Hunan TV's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Hunan TV's Total Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Accounts Payable is expected to grow to about 834 M, whereas Total Assets are forecasted to decline to about 14.3 B.
A naive forecasting model for Hunan TV is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Hunan TV Broadcast 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.

Hunan TV Naive Prediction Price Forecast For the 25th of December

Given 90 days horizon, the Naive Prediction forecasted value of Hunan TV Broadcast on the next trading day is expected to be 7.05 with a mean absolute deviation of 0.49, mean absolute percentage error of 0.49, and the sum of the absolute errors of 30.36.
Please note that although there have been many attempts to predict Hunan 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 Hunan TV's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Hunan TV Stock Forecast Pattern

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Hunan TV Forecasted Value

In the context of forecasting Hunan TV'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. Hunan TV's downside and upside margins for the forecasting period are 2.24 and 11.86, respectively. We have considered Hunan TV'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.
Market Value
7.54
7.05
Expected Value
11.86
Upside

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 Hunan TV stock data series using in forecasting. Note that when a statistical model is used to represent Hunan TV 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.
AICAkaike Information Criteria119.2304
BiasArithmetic mean of the errors None
MADMean absolute deviation0.4897
MAPEMean absolute percentage error0.0669
SAESum of the absolute errors30.3628
This model is not at all useful as a medium-long range forecasting tool of Hunan TV Broadcast. 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 Hunan TV. 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 Hunan TV

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hunan TV Broadcast. 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
LowEstimatedHigh
2.867.6712.48
Details
Intrinsic
Valuation
LowRealHigh
1.746.5511.36
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Other Forecasting Options for Hunan TV

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

Hunan TV 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 Hunan TV stock to make a market-neutral strategy. Peer analysis of Hunan TV could also be used in its relative valuation, which is a method of valuing Hunan TV by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Hunan TV Broadcast 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 Hunan TV'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 Hunan TV's current price.

Hunan TV Market Strength Events

Market strength indicators help investors to evaluate how Hunan TV stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hunan TV shares will generate the highest return on investment. By undertsting and applying Hunan TV stock market strength indicators, traders can identify Hunan TV Broadcast entry and exit signals to maximize returns.

Hunan TV Risk Indicators

The analysis of Hunan TV'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 Hunan TV's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hunan 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.
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 Hunan Stock

Hunan TV financial ratios help investors to determine whether Hunan 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 Hunan with respect to the benefits of owning Hunan TV security.