Pandox AB Stock Forecast - Naive Prediction
| PNDX-B Stock | SEK 189.40 1.40 0.73% |
The Naive Prediction forecasted value of Pandox AB on the next trading day is expected to be 189.96 with a mean absolute deviation of 2.67 and the sum of the absolute errors of 162.66. Pandox Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Pandox AB stock prices and determine the direction of Pandox AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Pandox AB's historical fundamentals, such as revenue growth or operating cash flow patterns.
Pandox |
Pandox AB Naive Prediction Price Forecast For the 5th of December
Given 90 days horizon, the Naive Prediction forecasted value of Pandox AB on the next trading day is expected to be 189.96 with a mean absolute deviation of 2.67, mean absolute percentage error of 11.10, and the sum of the absolute errors of 162.66.Please note that although there have been many attempts to predict Pandox 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 Pandox AB's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pandox AB Stock Forecast Pattern
| Backtest Pandox AB | Pandox AB Price Prediction | Buy or Sell Advice |
Pandox AB Forecasted Value
In the context of forecasting Pandox AB'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. Pandox AB's downside and upside margins for the forecasting period are 188.18 and 191.73, respectively. We have considered Pandox AB'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 Pandox AB stock data series using in forecasting. Note that when a statistical model is used to represent Pandox AB 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 | 120.5176 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.6665 |
| MAPE | Mean absolute percentage error | 0.0138 |
| SAE | Sum of the absolute errors | 162.6592 |
Predictive Modules for Pandox AB
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pandox AB. 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 Pandox AB
For every potential investor in Pandox, whether a beginner or expert, Pandox AB's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Pandox Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Pandox. Basic forecasting techniques help filter out the noise by identifying Pandox AB's price trends.Pandox AB 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 Pandox AB stock to make a market-neutral strategy. Peer analysis of Pandox AB could also be used in its relative valuation, which is a method of valuing Pandox AB by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pandox AB 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 Pandox AB'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 Pandox AB's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Pandox AB Market Strength Events
Market strength indicators help investors to evaluate how Pandox AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pandox AB shares will generate the highest return on investment. By undertsting and applying Pandox AB stock market strength indicators, traders can identify Pandox AB entry and exit signals to maximize returns.
Pandox AB Risk Indicators
The analysis of Pandox AB'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 Pandox AB's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pandox 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 | 1.35 | |||
| Semi Deviation | 1.65 | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.13 | |||
| Downside Variance | 3.06 | |||
| Semi Variance | 2.71 | |||
| Expected Short fall | (1.54) |
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.
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Pandox Stock
Pandox AB financial ratios help investors to determine whether Pandox Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pandox with respect to the benefits of owning Pandox AB security.