Tecan Group Stock Forecast - Naive Prediction

TECN Stock  CHF 207.80  4.60  2.26%   
The Naive Prediction forecasted value of Tecan Group AG on the next trading day is expected to be 197.55 with a mean absolute deviation of 4.23 and the sum of the absolute errors of 257.83. Tecan Stock Forecast is based on your current time horizon.
  
A naive forecasting model for Tecan Group is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Tecan Group AG 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.

Tecan Group Naive Prediction Price Forecast For the 5th of December

Given 90 days horizon, the Naive Prediction forecasted value of Tecan Group AG on the next trading day is expected to be 197.55 with a mean absolute deviation of 4.23, mean absolute percentage error of 32.40, and the sum of the absolute errors of 257.83.
Please note that although there have been many attempts to predict Tecan 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 Tecan Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Tecan Group Stock Forecast Pattern

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Tecan Group Forecasted Value

In the context of forecasting Tecan Group'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. Tecan Group's downside and upside margins for the forecasting period are 195.25 and 199.85, respectively. We have considered Tecan Group'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
207.80
195.25
Downside
197.55
Expected Value
199.85
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 Tecan Group stock data series using in forecasting. Note that when a statistical model is used to represent Tecan Group 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 Criteria121.5886
BiasArithmetic mean of the errors None
MADMean absolute deviation4.2267
MAPEMean absolute percentage error0.0175
SAESum of the absolute errors257.83
This model is not at all useful as a medium-long range forecasting tool of Tecan Group AG. 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 Tecan Group. 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 Tecan Group

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tecan Group AG. 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
200.92203.20205.48
Details
Intrinsic
Valuation
LowRealHigh
144.02146.30223.52
Details
Bollinger
Band Projection (param)
LowMiddleHigh
207.08209.83212.58
Details

Other Forecasting Options for Tecan Group

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

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

Tecan Group AG 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 Tecan Group'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 Tecan Group's current price.

Tecan Group Market Strength Events

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

Tecan Group Risk Indicators

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

Additional Tools for Tecan Stock Analysis

When running Tecan Group's price analysis, check to measure Tecan Group'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 Tecan Group is operating at the current time. Most of Tecan Group's value examination focuses on studying past and present price action to predict the probability of Tecan Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tecan Group's price. Additionally, you may evaluate how the addition of Tecan Group to your portfolios can decrease your overall portfolio volatility.