Mainz Biomed Stock Forecast - 20 Period Moving Average
| MYNZ Stock | USD 6.79 0.53 7.24% |
The 20 Period Moving Average forecasted value of Mainz Biomed BV on the next trading day is expected to be 1.57 with a mean absolute deviation of 0.64 and the sum of the absolute errors of 26.11. Mainz Stock Forecast is based on your current time horizon.
Mainz |
Mainz Biomed 20 Period Moving Average Price Forecast For the 7th of December
Given 90 days horizon, the 20 Period Moving Average forecasted value of Mainz Biomed BV on the next trading day is expected to be 1.57 with a mean absolute deviation of 0.64, mean absolute percentage error of 3.80, and the sum of the absolute errors of 26.11.Please note that although there have been many attempts to predict Mainz 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 Mainz Biomed's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mainz Biomed Stock Forecast Pattern
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Mainz Biomed Forecasted Value
In the context of forecasting Mainz Biomed'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. Mainz Biomed's downside and upside margins for the forecasting period are 0.07 and 126.95, respectively. We have considered Mainz Biomed'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Mainz Biomed stock data series using in forecasting. Note that when a statistical model is used to represent Mainz Biomed 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 | 82.6871 |
| Bias | Arithmetic mean of the errors | -0.5975 |
| MAD | Mean absolute deviation | 0.6368 |
| MAPE | Mean absolute percentage error | 0.2076 |
| SAE | Sum of the absolute errors | 26.1095 |
Predictive Modules for Mainz Biomed
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mainz Biomed BV. 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 Mainz Biomed
For every potential investor in Mainz, whether a beginner or expert, Mainz Biomed's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mainz Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mainz. Basic forecasting techniques help filter out the noise by identifying Mainz Biomed's price trends.View Mainz Biomed Related Equities
| Risk & Return | Correlation |
Mainz Biomed BV 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 Mainz Biomed'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 Mainz Biomed's current price.| Cycle Indicators | ||
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Mainz Biomed Market Strength Events
Market strength indicators help investors to evaluate how Mainz Biomed stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mainz Biomed shares will generate the highest return on investment. By undertsting and applying Mainz Biomed stock market strength indicators, traders can identify Mainz Biomed BV entry and exit signals to maximize returns.
Mainz Biomed Risk Indicators
The analysis of Mainz Biomed'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 Mainz Biomed's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mainz 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 | 100.29 | |||
| Semi Deviation | 5.13 | |||
| Standard Deviation | 413.75 | |||
| Variance | 171188.37 | |||
| Downside Variance | 63.11 | |||
| Semi Variance | 26.27 | |||
| Expected Short fall | (186.52) |
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.
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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.Additional Tools for Mainz Stock Analysis
When running Mainz Biomed's price analysis, check to measure Mainz Biomed'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 Mainz Biomed is operating at the current time. Most of Mainz Biomed's value examination focuses on studying past and present price action to predict the probability of Mainz Biomed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mainz Biomed's price. Additionally, you may evaluate how the addition of Mainz Biomed to your portfolios can decrease your overall portfolio volatility.