Time Technoplast Stock Forecast - Naive Prediction

TIMETECHNO   445.90  3.55  0.79%   
The Naive Prediction forecasted value of Time Technoplast Limited on the next trading day is expected to be 506.14 with a mean absolute deviation of 16.37 and the sum of the absolute errors of 1,015. Time Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Time Technoplast stock prices and determine the direction of Time Technoplast Limited's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Time Technoplast's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Time Technoplast's Non Currrent Assets Other are projected to decrease significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 235.9 M, whereas Total Assets are forecasted to decline to about 26.1 B.
A naive forecasting model for Time Technoplast is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Time Technoplast 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.

Time Technoplast Naive Prediction Price Forecast For the 6th of December

Given 90 days horizon, the Naive Prediction forecasted value of Time Technoplast Limited on the next trading day is expected to be 506.14 with a mean absolute deviation of 16.37, mean absolute percentage error of 393.55, and the sum of the absolute errors of 1,015.
Please note that although there have been many attempts to predict Time 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 Time Technoplast's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Time Technoplast Stock Forecast Pattern

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Time Technoplast Forecasted Value

In the context of forecasting Time Technoplast'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. Time Technoplast's downside and upside margins for the forecasting period are 502.86 and 509.41, respectively. We have considered Time Technoplast'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
445.90
502.86
Downside
506.14
Expected Value
509.41
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 Time Technoplast stock data series using in forecasting. Note that when a statistical model is used to represent Time Technoplast 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 Criteria125.9236
BiasArithmetic mean of the errors None
MADMean absolute deviation16.373
MAPEMean absolute percentage error0.0398
SAESum of the absolute errors1015.1234
This model is not at all useful as a medium-long range forecasting tool of Time Technoplast 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 Time Technoplast. 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 Time Technoplast

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Time Technoplast. 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 Time Technoplast'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
442.44445.74449.04
Details
Intrinsic
Valuation
LowRealHigh
378.34381.64490.49
Details
Bollinger
Band Projection (param)
LowMiddleHigh
391.49423.33455.17
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.801.912.01
Details

Other Forecasting Options for Time Technoplast

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

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

Time Technoplast 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 Time Technoplast'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 Time Technoplast's current price.

Time Technoplast Market Strength Events

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

Time Technoplast Risk Indicators

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

Other Information on Investing in Time Stock

Time Technoplast financial ratios help investors to determine whether Time 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 Time with respect to the benefits of owning Time Technoplast security.