Juniper II Stock Forecast - Naive Prediction
| JUNDelisted Stock | USD 10.38 0.00 0.00% |
The Naive Prediction forecasted value of Juniper II Corp on the next trading day is expected to be 10.35 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.82. Juniper Stock Forecast is based on your current time horizon.
Juniper |
Juniper II Naive Prediction Price Forecast For the 28th of December
Given 90 days horizon, the Naive Prediction forecasted value of Juniper II Corp on the next trading day is expected to be 10.35 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.82.Please note that although there have been many attempts to predict Juniper 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 Juniper II's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Juniper II Stock Forecast Pattern
| Backtest Juniper II | Juniper II Price Prediction | Buy or Sell Advice |
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 Juniper II stock data series using in forecasting. Note that when a statistical model is used to represent Juniper II 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 | 111.5932 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0298 |
| MAPE | Mean absolute percentage error | 0.0029 |
| SAE | Sum of the absolute errors | 1.8181 |
Predictive Modules for Juniper II
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Juniper II 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Juniper II's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
View Juniper II Related Equities
| Risk & Return | Correlation |
Juniper II Market Strength Events
Market strength indicators help investors to evaluate how Juniper II stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Juniper II shares will generate the highest return on investment. By undertsting and applying Juniper II stock market strength indicators, traders can identify Juniper II Corp entry and exit signals to maximize returns.
Juniper II Risk Indicators
The analysis of Juniper II'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 Juniper II's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting juniper 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 | 0.2385 | |||
| Standard Deviation | 0.3987 | |||
| Variance | 0.1589 |
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 Juniper II
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 Juniper II 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 Juniper II will appreciate offsetting losses from the drop in the long position's value.Moving against Juniper Stock
| 0.55 | HNHPF | Hon Hai Precision | PairCorr |
| 0.43 | CRAI | CRA International | PairCorr |
| 0.36 | BSGM | BioSig Technologies, | PairCorr |
The ability to find closely correlated positions to Juniper II could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Juniper II 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 Juniper II - 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 Juniper II Corp to buy it.
The correlation of Juniper II 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 Juniper II moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Juniper II 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 Juniper II 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.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 employment. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Other Consideration for investing in Juniper Stock
If you are still planning to invest in Juniper II Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Juniper II's history and understand the potential risks before investing.
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |