Kingspan Group Stock Forecast - 20 Period Moving Average

KRX Stock  EUR 70.75  0.45  0.63%   
The 20 Period Moving Average forecasted value of Kingspan Group plc on the next trading day is expected to be 71.90 with a mean absolute deviation of 2.69 and the sum of the absolute errors of 113.16. Kingspan Stock Forecast is based on your current time horizon.
  
A commonly used 20-period moving average forecast model for Kingspan Group plc is based on a synthetically constructed Kingspan Groupdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Kingspan Group 20 Period Moving Average Price Forecast For the 14th of December 2024

Given 90 days horizon, the 20 Period Moving Average forecasted value of Kingspan Group plc on the next trading day is expected to be 71.90 with a mean absolute deviation of 2.69, mean absolute percentage error of 10.35, and the sum of the absolute errors of 113.16.
Please note that although there have been many attempts to predict Kingspan 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 Kingspan Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Kingspan Group Stock Forecast Pattern

Backtest Kingspan GroupKingspan Group Price PredictionBuy or Sell Advice 

Kingspan Group Forecasted Value

In the context of forecasting Kingspan Group'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. Kingspan Group's downside and upside margins for the forecasting period are 70.23 and 73.57, respectively. We have considered Kingspan Group'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
70.75
71.90
Expected Value
73.57
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Kingspan Group stock data series using in forecasting. Note that when a statistical model is used to represent Kingspan Group 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 Criteria85.5275
BiasArithmetic mean of the errors 2.6282
MADMean absolute deviation2.6943
MAPEMean absolute percentage error0.0364
SAESum of the absolute errors113.16
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Kingspan Group plc 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Kingspan Group

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kingspan Group plc. 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
69.0870.7572.42
Details
Intrinsic
Valuation
LowRealHigh
52.1053.7777.83
Details
Bollinger
Band Projection (param)
LowMiddleHigh
67.4476.0184.58
Details

Other Forecasting Options for Kingspan Group

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

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

Kingspan Group plc 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 Kingspan Group'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 Kingspan Group's current price.

Kingspan Group Market Strength Events

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

Kingspan Group Risk Indicators

The analysis of Kingspan Group'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 Kingspan Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kingspan 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 Kingspan Group

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 Kingspan Group 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 Kingspan Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with Kingspan Stock

  0.78GL9 Glanbia PLCPairCorr

Moving against Kingspan Stock

  0.74RYA Ryanair Holdings plcPairCorr
  0.66MLC Malin plcPairCorr
The ability to find closely correlated positions to Kingspan Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kingspan Group 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 Kingspan Group - 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 Kingspan Group plc to buy it.
The correlation of Kingspan Group 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 Kingspan Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kingspan Group plc 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 Kingspan Group 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

Additional Tools for Kingspan Stock Analysis

When running Kingspan Group's price analysis, check to measure Kingspan Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kingspan Group is operating at the current time. Most of Kingspan Group's value examination focuses on studying past and present price action to predict the probability of Kingspan Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingspan Group's price. Additionally, you may evaluate how the addition of Kingspan Group to your portfolios can decrease your overall portfolio volatility.