Anhui Tongguan Stock Forecast - Simple Moving Average

301217 Stock   10.53  0.02  0.19%   
The Simple Moving Average forecasted value of Anhui Tongguan Copper on the next trading day is expected to be 10.53 with a mean absolute deviation of 0.30 and the sum of the absolute errors of 18.13. Anhui Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Anhui Tongguan stock prices and determine the direction of Anhui Tongguan Copper's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Anhui Tongguan's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Anhui Tongguan's Other Current Assets are projected to decrease significantly based on the last few years of reporting. The current year's Short and Long Term Debt is expected to grow to about 418.6 M, whereas Total Assets are forecasted to decline to about 4.9 B.
A two period moving average forecast for Anhui Tongguan is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Anhui Tongguan Simple Moving Average Price Forecast For the 26th of December

Given 90 days horizon, the Simple Moving Average forecasted value of Anhui Tongguan Copper on the next trading day is expected to be 10.53 with a mean absolute deviation of 0.30, mean absolute percentage error of 0.19, and the sum of the absolute errors of 18.13.
Please note that although there have been many attempts to predict Anhui 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 Anhui Tongguan's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Anhui Tongguan Stock Forecast Pattern

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Anhui Tongguan Forecasted Value

In the context of forecasting Anhui Tongguan'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. Anhui Tongguan's downside and upside margins for the forecasting period are 6.95 and 14.11, respectively. We have considered Anhui Tongguan'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
10.53
10.53
Expected Value
14.11
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Anhui Tongguan stock data series using in forecasting. Note that when a statistical model is used to represent Anhui Tongguan 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 Criteria114.6004
BiasArithmetic mean of the errors -0.0358
MADMean absolute deviation0.3022
MAPEMean absolute percentage error0.0274
SAESum of the absolute errors18.13
The simple moving average model is conceptually a linear regression of the current value of Anhui Tongguan Copper price series against current and previous (unobserved) value of Anhui Tongguan. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for Anhui Tongguan

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Anhui Tongguan Copper. 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
6.8310.4113.99
Details
Intrinsic
Valuation
LowRealHigh
6.9710.5514.13
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.010.010.01
Details

Other Forecasting Options for Anhui Tongguan

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

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

Anhui Tongguan Copper 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 Anhui Tongguan'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 Anhui Tongguan's current price.

Anhui Tongguan Market Strength Events

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

Anhui Tongguan Risk Indicators

The analysis of Anhui Tongguan'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 Anhui Tongguan's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting anhui 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 Anhui Stock

Anhui Tongguan financial ratios help investors to determine whether Anhui 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 Anhui with respect to the benefits of owning Anhui Tongguan security.