Plum Acquisition Stock Forecast - Naive Prediction
| PLMJW Stock | 0.20 0.01 5.26% |
The Naive Prediction forecasted value of Plum Acquisition Corp on the next trading day is expected to be 0.16 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.69. Plum Stock Forecast is based on your current time horizon.
Plum |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Plum Acquisition's financial statements to predict how it will affect future prices.
Cash | First Reported 2010-12-31 | Previous Quarter 0.0 | Current Value 0.0 | Quarterly Volatility 795.2 K |
Plum Acquisition Naive Prediction Price Forecast For the 31st of December
Given 90 days horizon, the Naive Prediction forecasted value of Plum Acquisition Corp on the next trading day is expected to be 0.16 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0002, and the sum of the absolute errors of 0.69.Please note that although there have been many attempts to predict Plum 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 Plum Acquisition's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Plum Acquisition Stock Forecast Pattern
| Backtest Plum Acquisition | Plum Acquisition Price Prediction | Buy or Sell Advice |
Plum Acquisition Forecasted Value
In the context of forecasting Plum Acquisition'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. Plum Acquisition's downside and upside margins for the forecasting period are 0 and 19.62, respectively. We have considered Plum Acquisition'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Plum Acquisition stock data series using in forecasting. Note that when a statistical model is used to represent Plum Acquisition 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 | 109.5981 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0113 |
| MAPE | Mean absolute percentage error | 0.1583 |
| SAE | Sum of the absolute errors | 0.6889 |
Predictive Modules for Plum Acquisition
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Plum Acquisition 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.Other Forecasting Options for Plum Acquisition
For every potential investor in Plum, whether a beginner or expert, Plum Acquisition's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Plum Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Plum. Basic forecasting techniques help filter out the noise by identifying Plum Acquisition's price trends.Plum Acquisition 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 Plum Acquisition stock to make a market-neutral strategy. Peer analysis of Plum Acquisition could also be used in its relative valuation, which is a method of valuing Plum Acquisition by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Plum Acquisition Corp 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 Plum Acquisition'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 Plum Acquisition's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
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| Volume Indicators |
Plum Acquisition Market Strength Events
Market strength indicators help investors to evaluate how Plum Acquisition stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Plum Acquisition shares will generate the highest return on investment. By undertsting and applying Plum Acquisition stock market strength indicators, traders can identify Plum Acquisition Corp entry and exit signals to maximize returns.
Plum Acquisition Risk Indicators
The analysis of Plum Acquisition'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 Plum Acquisition's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting plum 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 | 17.08 | |||
| Semi Deviation | 16.48 | |||
| Standard Deviation | 25.86 | |||
| Variance | 668.86 | |||
| Downside Variance | 462.73 | |||
| Semi Variance | 271.75 | |||
| Expected Short fall | (26.00) |
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.Additional Tools for Plum Stock Analysis
When running Plum Acquisition's price analysis, check to measure Plum Acquisition'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 Plum Acquisition is operating at the current time. Most of Plum Acquisition's value examination focuses on studying past and present price action to predict the probability of Plum Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plum Acquisition's price. Additionally, you may evaluate how the addition of Plum Acquisition to your portfolios can decrease your overall portfolio volatility.