Premium Catering Stock Forecast - Naive Prediction

PC Stock   0.83  0.01  1.19%   
The Naive Prediction forecasted value of Premium Catering Limited on the next trading day is expected to be 0.42 with a mean absolute deviation of 0.28 and the sum of the absolute errors of 14.45. Premium Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Premium Catering stock prices and determine the direction of Premium Catering Limited's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Premium Catering's historical fundamentals, such as revenue growth or operating cash flow patterns.
  

Premium Catering Cash Forecast

Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Premium Catering's financial statements to predict how it will affect future prices.
 
Cash  
First Reported
2010-12-31
Previous Quarter
105.8 K
Current Value
103.6 K
Quarterly Volatility
13.8 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
A naive forecasting model for Premium Catering is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Premium Catering Limited 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.

Premium Catering Naive Prediction Price Forecast For the 6th of December

Given 90 days horizon, the Naive Prediction forecasted value of Premium Catering Limited on the next trading day is expected to be 0.42 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.21, and the sum of the absolute errors of 14.45.
Please note that although there have been many attempts to predict Premium 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 Premium Catering's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Premium Catering Stock Forecast Pattern

Backtest Premium CateringPremium Catering Price PredictionBuy or Sell Advice 

Premium Catering Forecasted Value

In the context of forecasting Premium Catering'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. Premium Catering's downside and upside margins for the forecasting period are 0.01 and 14.41, respectively. We have considered Premium Catering'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
0.83
0.42
Expected Value
14.41
Upside

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 Premium Catering stock data series using in forecasting. Note that when a statistical model is used to represent Premium Catering 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 Criteria98.155
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2833
MAPEMean absolute percentage error0.2283
SAESum of the absolute errors14.4469
This model is not at all useful as a medium-long range forecasting tool of Premium Catering Limited. 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 Premium Catering. 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 Premium Catering

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Premium Catering. 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 Premium Catering'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.
Hype
Prediction
LowEstimatedHigh
0.061.1115.10
Details
Intrinsic
Valuation
LowRealHigh
0.040.8014.79
Details

Other Forecasting Options for Premium Catering

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

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

Premium Catering 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 Premium Catering'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 Premium Catering's current price.

Premium Catering Market Strength Events

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

Premium Catering Risk Indicators

The analysis of Premium Catering'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 Premium Catering's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting premium 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.
Check out Historical Fundamental Analysis of Premium Catering to cross-verify your projections.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Restaraunts Hotels Motels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Premium Catering. If investors know Premium will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Premium Catering listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.04)
Revenue Per Share
0.272
Quarterly Revenue Growth
0.085
The market value of Premium Catering is measured differently than its book value, which is the value of Premium that is recorded on the company's balance sheet. Investors also form their own opinion of Premium Catering's value that differs from its market value or its book value, called intrinsic value, which is Premium Catering's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Premium Catering's market value can be influenced by many factors that don't directly affect Premium Catering's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Premium Catering's value and its price as these two are different measures arrived at by different means. Investors typically determine if Premium Catering is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Premium Catering's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.