Fresh Del Stock Forecast - Naive Prediction

Fresh Del Cash Forecast

A naive forecasting model for Fresh Del is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Fresh Del Monte 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.

Fresh Del Naive Prediction Price Forecast For the 1st of December

Given 90 days horizon, the Naive Prediction forecasted value of Fresh Del Monte on the next trading day is expected to be 32.08 with a mean absolute deviation of 0.57, mean absolute percentage error of 0.54, and the sum of the absolute errors of 35.50.

Fresh Del Stock Forecast Pattern

Backtest Fresh Del

Fresh Del Price Prediction

Buy or Sell Advice

Fresh Del Forecasted Value

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 Fresh Del stock data series using in forecasting. Note that when a statistical model is used to represent Fresh Del 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. This model is not at all useful as a medium-long range forecasting tool of Fresh Del Monte. 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 Fresh Del. 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 Fresh Del

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fresh Del Monte. 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 Low Estimated High 32.03 33.82 35.61 Details

Intrinsic Valuation Low Real High 30.38 36.13 37.92 Details

Bollinger Band Projection (param) Low Middle High 33.54 33.79 34.04 Details

2 Analysts Consensus Low Target High 30.94 34.00 37.74 Details

Other Forecasting Options for Fresh Del

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

Fresh Del Related Equities

Risk & Return

Correlation

Fresh Del Monte 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 Fresh Del'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 Fresh Del's current price.

Fresh Del Market Strength Events

Fresh Del Risk Indicators

Pair Trading with Fresh Del

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 Fresh Del 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 Fresh Del will appreciate offsetting losses from the drop in the long position's value.

Additional Tools for Fresh Stock Analysis