Trinity Watthana Stock Forecast - Polynomial Regression
| TNITY Stock | THB 4.44 0.04 0.91% |
The Polynomial Regression forecasted value of Trinity Watthana Public on the next trading day is expected to be 4.48 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.89. Trinity Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Trinity Watthana stock prices and determine the direction of Trinity Watthana Public's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Trinity Watthana's historical fundamentals, such as revenue growth or operating cash flow patterns.
Trinity |
Trinity Watthana Polynomial Regression Price Forecast For the 25th of December
Given 90 days horizon, the Polynomial Regression forecasted value of Trinity Watthana Public on the next trading day is expected to be 4.48 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 7.89.Please note that although there have been many attempts to predict Trinity 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 Trinity Watthana's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Trinity Watthana Stock Forecast Pattern
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Trinity Watthana Forecasted Value
In the context of forecasting Trinity Watthana'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. Trinity Watthana's downside and upside margins for the forecasting period are 1.48 and 7.48, respectively. We have considered Trinity Watthana'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Trinity Watthana stock data series using in forecasting. Note that when a statistical model is used to represent Trinity Watthana 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 | 114.5128 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1294 |
| MAPE | Mean absolute percentage error | 0.0301 |
| SAE | Sum of the absolute errors | 7.8922 |
Predictive Modules for Trinity Watthana
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Trinity Watthana Public. 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 Trinity Watthana'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.
Other Forecasting Options for Trinity Watthana
For every potential investor in Trinity, whether a beginner or expert, Trinity Watthana's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Trinity Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Trinity. Basic forecasting techniques help filter out the noise by identifying Trinity Watthana's price trends.Trinity Watthana 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 Trinity Watthana stock to make a market-neutral strategy. Peer analysis of Trinity Watthana could also be used in its relative valuation, which is a method of valuing Trinity Watthana by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Trinity Watthana Public 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 Trinity Watthana'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 Trinity Watthana's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Trinity Watthana Market Strength Events
Market strength indicators help investors to evaluate how Trinity Watthana stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Trinity Watthana shares will generate the highest return on investment. By undertsting and applying Trinity Watthana stock market strength indicators, traders can identify Trinity Watthana Public entry and exit signals to maximize returns.
| Accumulation Distribution | 2987.95 | |||
| Daily Balance Of Power | 0.3333 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 4.42 | |||
| Day Typical Price | 4.43 | |||
| Price Action Indicator | 0.04 | |||
| Period Momentum Indicator | 0.04 |
Trinity Watthana Risk Indicators
The analysis of Trinity Watthana'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 Trinity Watthana's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting trinity 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 | 1.83 | |||
| Semi Deviation | 2.11 | |||
| Standard Deviation | 2.89 | |||
| Variance | 8.35 | |||
| Downside Variance | 7.48 | |||
| Semi Variance | 4.44 | |||
| Expected Short fall | (3.03) |
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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Trinity Watthana financial ratios help investors to determine whether Trinity 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 Trinity with respect to the benefits of owning Trinity Watthana security.