Companhia Stock Forecast - 8 Period Moving Average

SAJA Stock  EUR 13.60  0.30  2.26%   
The 8 Period Moving Average forecasted value of Companhia de Saneamento on the next trading day is expected to be 13.88 with a mean absolute deviation of 0.43 and the sum of the absolute errors of 22.90. Companhia Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Companhia's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
An 8-period moving average forecast model for Companhia is based on an artificially constructed time series of Companhia daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Companhia 8 Period Moving Average Price Forecast For the 23rd of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of Companhia de Saneamento on the next trading day is expected to be 13.88 with a mean absolute deviation of 0.43, mean absolute percentage error of 0.31, and the sum of the absolute errors of 22.90.
Please note that although there have been many attempts to predict Companhia 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 Companhia's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Companhia Stock Forecast Pattern

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Companhia Forecasted Value

In the context of forecasting Companhia'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. Companhia's downside and upside margins for the forecasting period are 11.84 and 15.91, respectively. We have considered Companhia'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
13.60
13.88
Expected Value
15.91
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Companhia stock data series using in forecasting. Note that when a statistical model is used to represent Companhia 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 Criteria102.2241
BiasArithmetic mean of the errors 0.0882
MADMean absolute deviation0.4321
MAPEMean absolute percentage error0.0293
SAESum of the absolute errors22.9
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. Companhia de Saneamento 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Companhia

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Companhia de Saneamento. 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
11.2613.3015.34
Details
Intrinsic
Valuation
LowRealHigh
9.7611.8013.84
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Companhia. Your research has to be compared to or analyzed against Companhia's peers to derive any actionable benefits. When done correctly, Companhia's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Companhia de Saneamento.

Other Forecasting Options for Companhia

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

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

Companhia de Saneamento 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 Companhia'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 Companhia's current price.

Companhia Market Strength Events

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

Companhia Risk Indicators

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

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Additional Information and Resources on Investing in Companhia Stock

When determining whether Companhia de Saneamento is a strong investment it is important to analyze Companhia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Companhia's future performance. For an informed investment choice regarding Companhia Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Companhia to cross-verify your projections.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Please note, there is a significant difference between Companhia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Companhia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Companhia'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.