AP Memory Stock Forecast - Naive Prediction
| 6531 Stock | 303.50 8.50 2.88% |
The Naive Prediction forecasted value of AP Memory Technology on the next trading day is expected to be 303.04 with a mean absolute deviation of 5.11 and the sum of the absolute errors of 311.80. 6531 Stock Forecast is based on your current time horizon.
6531 |
AP Memory Naive Prediction Price Forecast For the 30th of November
Given 90 days horizon, the Naive Prediction forecasted value of AP Memory Technology on the next trading day is expected to be 303.04 with a mean absolute deviation of 5.11, mean absolute percentage error of 38.12, and the sum of the absolute errors of 311.80.Please note that although there have been many attempts to predict 6531 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 AP Memory's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
AP Memory Stock Forecast Pattern
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AP Memory Forecasted Value
In the context of forecasting AP Memory'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. AP Memory's downside and upside margins for the forecasting period are 300.75 and 305.32, respectively. We have considered AP Memory'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of AP Memory stock data series using in forecasting. Note that when a statistical model is used to represent AP Memory 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 | 121.7512 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 5.1115 |
| MAPE | Mean absolute percentage error | 0.0169 |
| SAE | Sum of the absolute errors | 311.7992 |
Predictive Modules for AP Memory
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AP Memory Technology. 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 AP Memory
For every potential investor in 6531, whether a beginner or expert, AP Memory's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 6531 Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 6531. Basic forecasting techniques help filter out the noise by identifying AP Memory's price trends.AP Memory 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 AP Memory stock to make a market-neutral strategy. Peer analysis of AP Memory could also be used in its relative valuation, which is a method of valuing AP Memory by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AP Memory Technology 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 AP Memory'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 AP Memory's current price.| Cycle Indicators | ||
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AP Memory Market Strength Events
Market strength indicators help investors to evaluate how AP Memory stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AP Memory shares will generate the highest return on investment. By undertsting and applying AP Memory stock market strength indicators, traders can identify AP Memory Technology entry and exit signals to maximize returns.
AP Memory Risk Indicators
The analysis of AP Memory'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 AP Memory's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 6531 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 | 1.69 | |||
| Standard Deviation | 2.39 | |||
| Variance | 5.71 |
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.Additional Tools for 6531 Stock Analysis
When running AP Memory's price analysis, check to measure AP Memory's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AP Memory is operating at the current time. Most of AP Memory's value examination focuses on studying past and present price action to predict the probability of AP Memory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AP Memory's price. Additionally, you may evaluate how the addition of AP Memory to your portfolios can decrease your overall portfolio volatility.