Samsung Biologics Stock Forecast - Naive Prediction

A naive forecasting model for Samsung Biologics is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Samsung Biologics Co 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.

Samsung Biologics Naive Prediction Price Forecast For the 23rd of December

Given 90 days horizon, the Naive Prediction forecasted value of Samsung Biologics Co on the next trading day is expected to be 919,854 with a mean absolute deviation of 11,474, mean absolute percentage error of 225,746,547, and the sum of the absolute errors of 699,886.

Samsung Biologics Stock Forecast Pattern

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Samsung Biologics Price Prediction

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Samsung Biologics Forecasted Value

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 Samsung Biologics stock data series using in forecasting. Note that when a statistical model is used to represent Samsung Biologics 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. This model is not at all useful as a medium-long range forecasting tool of Samsung Biologics Co. 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 Samsung Biologics. 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 Samsung Biologics

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Samsung Biologics. 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 Low Estimated High 938,999 939,000 939,001 Details

Intrinsic Valuation Low Real High 872,619 872,620 1,032,900 Details

Bollinger Band Projection (param) Low Middle High 927,492 963,800 1,000,108 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Samsung Biologics. Your research has to be compared to or analyzed against Samsung Biologics' peers to derive any actionable benefits. When done correctly, Samsung Biologics' 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 Samsung Biologics.

Other Forecasting Options for Samsung Biologics

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

Samsung Biologics Related Equities

Risk & Return

Correlation

Samsung Biologics 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 Samsung Biologics' 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 Samsung Biologics' current price.

Samsung Biologics Market Strength Events

Samsung Biologics Risk Indicators

Pair Trading with Samsung Biologics

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Samsung Biologics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Samsung Biologics will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Samsung Stock