Changzhou Almaden Stock Forecast - 4 Period Moving Average
| 002623 Stock | 18.36 0.10 0.55% |
The 4 Period Moving Average forecasted value of Changzhou Almaden Co on the next trading day is expected to be 18.29 with a mean absolute deviation of 0.52 and the sum of the absolute errors of 29.89. Changzhou Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Changzhou Almaden stock prices and determine the direction of Changzhou Almaden Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Changzhou Almaden's historical fundamentals, such as revenue growth or operating cash flow patterns.
Changzhou |
Changzhou Almaden 4 Period Moving Average Price Forecast For the 13th of December 2024
Given 90 days horizon, the 4 Period Moving Average forecasted value of Changzhou Almaden Co on the next trading day is expected to be 18.29 with a mean absolute deviation of 0.52, mean absolute percentage error of 0.58, and the sum of the absolute errors of 29.89.Please note that although there have been many attempts to predict Changzhou 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 Changzhou Almaden's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Changzhou Almaden Stock Forecast Pattern
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Changzhou Almaden Forecasted Value
In the context of forecasting Changzhou Almaden'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. Changzhou Almaden's downside and upside margins for the forecasting period are 15.21 and 21.38, respectively. We have considered Changzhou Almaden'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Changzhou Almaden stock data series using in forecasting. Note that when a statistical model is used to represent Changzhou Almaden 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 | 110.2122 |
| Bias | Arithmetic mean of the errors | -0.1656 |
| MAD | Mean absolute deviation | 0.5244 |
| MAPE | Mean absolute percentage error | 0.0306 |
| SAE | Sum of the absolute errors | 29.89 |
Predictive Modules for Changzhou Almaden
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Changzhou Almaden. 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.Other Forecasting Options for Changzhou Almaden
For every potential investor in Changzhou, whether a beginner or expert, Changzhou Almaden's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Changzhou Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Changzhou. Basic forecasting techniques help filter out the noise by identifying Changzhou Almaden's price trends.Changzhou Almaden 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 Changzhou Almaden stock to make a market-neutral strategy. Peer analysis of Changzhou Almaden could also be used in its relative valuation, which is a method of valuing Changzhou Almaden by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Changzhou Almaden 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 Changzhou Almaden'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 Changzhou Almaden's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Changzhou Almaden Market Strength Events
Market strength indicators help investors to evaluate how Changzhou Almaden stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Changzhou Almaden shares will generate the highest return on investment. By undertsting and applying Changzhou Almaden stock market strength indicators, traders can identify Changzhou Almaden Co entry and exit signals to maximize returns.
| Accumulation Distribution | 162711.0 | |||
| Daily Balance Of Power | 0.1887 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 18.29 | |||
| Day Typical Price | 18.31 | |||
| Price Action Indicator | 0.12 | |||
| Period Momentum Indicator | 0.1 |
Changzhou Almaden Risk Indicators
The analysis of Changzhou Almaden'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 Changzhou Almaden's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting changzhou 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 | 2.2 | |||
| Semi Deviation | 2.68 | |||
| Standard Deviation | 2.97 | |||
| Variance | 8.8 | |||
| Downside Variance | 8.04 | |||
| Semi Variance | 7.16 | |||
| Expected Short fall | (2.50) |
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 Changzhou Stock
Changzhou Almaden financial ratios help investors to determine whether Changzhou 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 Changzhou with respect to the benefits of owning Changzhou Almaden security.