Juhayna Food Stock Forecast - Simple Moving Average

JUFO Stock   32.54  0.04  0.12%   
The Simple Moving Average forecasted value of Juhayna Food Industries on the next trading day is expected to be 32.52 with a mean absolute deviation of 0.85 and the sum of the absolute errors of 49.90. Investors can use prediction functions to forecast Juhayna Food's stock prices and determine the direction of Juhayna Food Industries's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Juhayna Food's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
A two period moving average forecast for Juhayna Food 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.

Juhayna Food Simple Moving Average Price Forecast For the 5th of December

Given 90 days horizon, the Simple Moving Average forecasted value of Juhayna Food Industries on the next trading day is expected to be 32.52 with a mean absolute deviation of 0.85, mean absolute percentage error of 1.83, and the sum of the absolute errors of 49.90.
Please note that although there have been many attempts to predict Juhayna 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 Juhayna Food's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Juhayna Food Stock Forecast Pattern

Juhayna Food Forecasted Value

In the context of forecasting Juhayna Food'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. Juhayna Food's downside and upside margins for the forecasting period are 27.78 and 37.26, respectively. We have considered Juhayna Food'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
32.54
32.52
Expected Value
37.26
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 Juhayna Food stock data series using in forecasting. Note that when a statistical model is used to represent Juhayna Food 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 Criteria115.0377
BiasArithmetic mean of the errors -0.2042
MADMean absolute deviation0.8457
MAPEMean absolute percentage error0.0278
SAESum of the absolute errors49.895
The simple moving average model is conceptually a linear regression of the current value of Juhayna Food Industries price series against current and previous (unobserved) value of Juhayna Food. 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 Juhayna Food

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Juhayna Food Industries. 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 Juhayna Food

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

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

Juhayna Food Industries 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 Juhayna Food'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 Juhayna Food's current price.

Juhayna Food Market Strength Events

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

Juhayna Food Risk Indicators

The analysis of Juhayna Food'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 Juhayna Food's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting juhayna 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.