Acadian Timber Stock Forecast - Naive Prediction

ADN Stock  CAD 17.95  0.18  1.01%   
The Naive Prediction forecasted value of Acadian Timber Corp on the next trading day is expected to be 18.06 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.91. Acadian Stock Forecast is based on your current time horizon. Although Acadian Timber's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Acadian Timber's systematic risk associated with finding meaningful patterns of Acadian Timber fundamentals over time.
  
At this time, Acadian Timber's Payables Turnover is very stable compared to the past year. As of the 5th of December 2024, Asset Turnover is likely to grow to 0.25, while Inventory Turnover is likely to drop 3.96. . As of the 5th of December 2024, Common Stock Shares Outstanding is likely to grow to about 18.1 M, while Net Income Applicable To Common Shares is likely to drop about 25.4 M.
A naive forecasting model for Acadian Timber is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Acadian Timber Corp 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.

Acadian Timber Naive Prediction Price Forecast For the 6th of December

Given 90 days horizon, the Naive Prediction forecasted value of Acadian Timber Corp on the next trading day is expected to be 18.06 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 7.91.
Please note that although there have been many attempts to predict Acadian 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 Acadian Timber's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Acadian Timber Stock Forecast Pattern

Backtest Acadian TimberAcadian Timber Price PredictionBuy or Sell Advice 

Acadian Timber Forecasted Value

In the context of forecasting Acadian Timber'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. Acadian Timber's downside and upside margins for the forecasting period are 17.24 and 18.89, respectively. We have considered Acadian Timber'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
17.95
18.06
Expected Value
18.89
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 Acadian Timber stock data series using in forecasting. Note that when a statistical model is used to represent Acadian Timber 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 Criteria114.5471
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1297
MAPEMean absolute percentage error0.0073
SAESum of the absolute errors7.9093
This model is not at all useful as a medium-long range forecasting tool of Acadian Timber Corp. 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 Acadian Timber. 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 Acadian Timber

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Acadian Timber Corp. 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
16.9517.7818.61
Details
Intrinsic
Valuation
LowRealHigh
16.9117.7418.57
Details
Bollinger
Band Projection (param)
LowMiddleHigh
17.6817.7417.80
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.260.120.26
Details

Other Forecasting Options for Acadian Timber

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

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

Acadian Timber Corp 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 Acadian Timber'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 Acadian Timber's current price.

Acadian Timber Market Strength Events

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

Acadian Timber Risk Indicators

The analysis of Acadian Timber'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 Acadian Timber's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting acadian 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.

Pair Trading with Acadian Timber

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 Acadian Timber 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 Acadian Timber will appreciate offsetting losses from the drop in the long position's value.

Moving together with Acadian Stock

  0.85AG First Majestic SilverPairCorr
  0.79IE Ivanhoe EnergyPairCorr
  0.72FDY Faraday Copper CorpPairCorr

Moving against Acadian Stock

  0.36ARA Aclara ResourcesPairCorr
The ability to find closely correlated positions to Acadian Timber could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acadian Timber when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Acadian Timber - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Acadian Timber Corp to buy it.
The correlation of Acadian Timber is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acadian Timber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acadian Timber Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Acadian Timber can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Acadian Stock

Acadian Timber financial ratios help investors to determine whether Acadian 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 Acadian with respect to the benefits of owning Acadian Timber security.