COSCO SHIPPING Stock Forecast - Naive Prediction
| C6G Stock | EUR 1.45 0.06 3.97% |
The Naive Prediction forecasted value of COSCO SHIPPING Holdings on the next trading day is expected to be 1.54 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.40. COSCO Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of COSCO SHIPPING's historical fundamentals, such as revenue growth or operating cash flow patterns.
COSCO |
COSCO SHIPPING Naive Prediction Price Forecast For the 23rd of December
Given 90 days horizon, the Naive Prediction forecasted value of COSCO SHIPPING Holdings on the next trading day is expected to be 1.54 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.40.Please note that although there have been many attempts to predict COSCO 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 COSCO SHIPPING's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
COSCO SHIPPING Stock Forecast Pattern
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COSCO SHIPPING Forecasted Value
In the context of forecasting COSCO SHIPPING'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. COSCO SHIPPING's downside and upside margins for the forecasting period are 0.01 and 10.09, respectively. We have considered COSCO SHIPPING'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 COSCO SHIPPING stock data series using in forecasting. Note that when a statistical model is used to represent COSCO SHIPPING 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 | 113.0477 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0557 |
| MAPE | Mean absolute percentage error | 0.0449 |
| SAE | Sum of the absolute errors | 3.3985 |
Predictive Modules for COSCO SHIPPING
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as COSCO SHIPPING Holdings. 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 COSCO SHIPPING
For every potential investor in COSCO, whether a beginner or expert, COSCO SHIPPING's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. COSCO Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in COSCO. Basic forecasting techniques help filter out the noise by identifying COSCO SHIPPING's price trends.COSCO SHIPPING 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 COSCO SHIPPING stock to make a market-neutral strategy. Peer analysis of COSCO SHIPPING could also be used in its relative valuation, which is a method of valuing COSCO SHIPPING by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
COSCO SHIPPING Holdings 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 COSCO SHIPPING'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 COSCO SHIPPING's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
COSCO SHIPPING Market Strength Events
Market strength indicators help investors to evaluate how COSCO SHIPPING stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading COSCO SHIPPING shares will generate the highest return on investment. By undertsting and applying COSCO SHIPPING stock market strength indicators, traders can identify COSCO SHIPPING Holdings entry and exit signals to maximize returns.
COSCO SHIPPING Risk Indicators
The analysis of COSCO SHIPPING'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 COSCO SHIPPING's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cosco 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 | 3.3 | |||
| Semi Deviation | 2.33 | |||
| Standard Deviation | 8.56 | |||
| Variance | 73.2 | |||
| Downside Variance | 12.14 | |||
| Semi Variance | 5.41 | |||
| Expected Short fall | (4.61) |
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.
Currently Active Assets on Macroaxis
Other Information on Investing in COSCO Stock
COSCO SHIPPING financial ratios help investors to determine whether COSCO 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 COSCO with respect to the benefits of owning COSCO SHIPPING security.