Huadong Medicine Stock Forecast - 8 Period Moving Average

000963 Stock   35.95  0.24  0.66%   
The 8 Period Moving Average forecasted value of Huadong Medicine Co on the next trading day is expected to be 36.29 with a mean absolute deviation of 0.94 and the sum of the absolute errors of 49.93. Huadong Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Huadong Medicine stock prices and determine the direction of Huadong Medicine Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Huadong Medicine's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Huadong Medicine's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 11.3 B, whereas Other Current Liabilities is forecasted to decline to about 15.2 M.
An 8-period moving average forecast model for Huadong Medicine is based on an artificially constructed time series of Huadong Medicine daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Huadong Medicine 8 Period Moving Average Price Forecast For the 23rd of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of Huadong Medicine Co on the next trading day is expected to be 36.29 with a mean absolute deviation of 0.94, mean absolute percentage error of 1.37, and the sum of the absolute errors of 49.93.
Please note that although there have been many attempts to predict Huadong 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 Huadong Medicine's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Huadong Medicine Stock Forecast Pattern

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Huadong Medicine Forecasted Value

In the context of forecasting Huadong Medicine'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. Huadong Medicine's downside and upside margins for the forecasting period are 33.69 and 38.88, respectively. We have considered Huadong Medicine'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
35.95
36.29
Expected Value
38.88
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Huadong Medicine stock data series using in forecasting. Note that when a statistical model is used to represent Huadong Medicine 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 Criteria103.7195
BiasArithmetic mean of the errors -0.2455
MADMean absolute deviation0.942
MAPEMean absolute percentage error0.0265
SAESum of the absolute errors49.9263
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Huadong Medicine Co 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Huadong Medicine

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Huadong Medicine. 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
32.4535.0437.63
Details
Intrinsic
Valuation
LowRealHigh
32.3640.0342.62
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.470.470.47
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Huadong Medicine. Your research has to be compared to or analyzed against Huadong Medicine's peers to derive any actionable benefits. When done correctly, Huadong Medicine's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Huadong Medicine.

Other Forecasting Options for Huadong Medicine

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

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

Huadong Medicine 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 Huadong Medicine'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 Huadong Medicine's current price.

Huadong Medicine Market Strength Events

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

Huadong Medicine Risk Indicators

The analysis of Huadong Medicine'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 Huadong Medicine's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting huadong 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 Huadong Stock

Huadong Medicine financial ratios help investors to determine whether Huadong 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 Huadong with respect to the benefits of owning Huadong Medicine security.