Guangzhou Shangpin Stock Forecast - Naive Prediction

300616 Stock   14.59  0.17  1.18%   
The Naive Prediction forecasted value of Guangzhou Shangpin Home on the next trading day is expected to be 13.61 with a mean absolute deviation of 0.63 and the sum of the absolute errors of 38.17. Guangzhou Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Guangzhou Shangpin stock prices and determine the direction of Guangzhou Shangpin Home's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Guangzhou Shangpin's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Guangzhou Shangpin's Net Debt is projected to increase significantly based on the last few years of reporting. The current year's Cash is expected to grow to about 3.1 B, whereas Total Assets are forecasted to decline to about 4.9 B.
A naive forecasting model for Guangzhou Shangpin is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Guangzhou Shangpin Home 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.

Guangzhou Shangpin Naive Prediction Price Forecast For the 11th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Guangzhou Shangpin Home on the next trading day is expected to be 13.61 with a mean absolute deviation of 0.63, mean absolute percentage error of 0.86, and the sum of the absolute errors of 38.17.
Please note that although there have been many attempts to predict Guangzhou 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 Guangzhou Shangpin's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Guangzhou Shangpin Stock Forecast Pattern

Backtest Guangzhou ShangpinGuangzhou Shangpin Price PredictionBuy or Sell Advice 

Guangzhou Shangpin Forecasted Value

In the context of forecasting Guangzhou Shangpin'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. Guangzhou Shangpin's downside and upside margins for the forecasting period are 8.56 and 18.65, respectively. We have considered Guangzhou Shangpin'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
14.59
13.61
Expected Value
18.65
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 Guangzhou Shangpin stock data series using in forecasting. Note that when a statistical model is used to represent Guangzhou Shangpin 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 Criteria117.9622
BiasArithmetic mean of the errors None
MADMean absolute deviation0.6258
MAPEMean absolute percentage error0.0482
SAESum of the absolute errors38.1721
This model is not at all useful as a medium-long range forecasting tool of Guangzhou Shangpin Home. 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 Guangzhou Shangpin. 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 Guangzhou Shangpin

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Guangzhou Shangpin Home. 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
11.5116.5621.61
Details
Intrinsic
Valuation
LowRealHigh
8.2713.3218.37
Details
Bollinger
Band Projection (param)
LowMiddleHigh
13.7814.5815.37
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.030.030.03
Details

Other Forecasting Options for Guangzhou Shangpin

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

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

Guangzhou Shangpin Home 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 Guangzhou Shangpin'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 Guangzhou Shangpin's current price.

Guangzhou Shangpin Market Strength Events

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

Guangzhou Shangpin Risk Indicators

The analysis of Guangzhou Shangpin'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 Guangzhou Shangpin's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting guangzhou 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 Guangzhou Stock

Guangzhou Shangpin financial ratios help investors to determine whether Guangzhou 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 Guangzhou with respect to the benefits of owning Guangzhou Shangpin security.