TRANSCORP HOTELS Stock Forecast - Simple Moving Average
| TRANSCOHOT | 106.00 0.00 0.00% |
TRANSCORP |
TRANSCORP HOTELS Simple Moving Average Price Forecast For the 14th of December 2024
Given 90 days horizon, the Simple Moving Average forecasted value of TRANSCORP HOTELS PLC on the next trading day is expected to be 106.00 with a mean absolute deviation of 0.41, mean absolute percentage error of 2.75, and the sum of the absolute errors of 24.00.Please note that although there have been many attempts to predict TRANSCORP 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 TRANSCORP HOTELS's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
TRANSCORP HOTELS Stock Forecast Pattern
TRANSCORP HOTELS Forecasted Value
In the context of forecasting TRANSCORP HOTELS'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. TRANSCORP HOTELS's downside and upside margins for the forecasting period are 104.47 and 107.53, respectively. We have considered TRANSCORP HOTELS'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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of TRANSCORP HOTELS stock data series using in forecasting. Note that when a statistical model is used to represent TRANSCORP HOTELS 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 | 115.4479 |
| Bias | Arithmetic mean of the errors | -0.4068 |
| MAD | Mean absolute deviation | 0.4068 |
| MAPE | Mean absolute percentage error | 0.004 |
| SAE | Sum of the absolute errors | 24.0 |
Predictive Modules for TRANSCORP HOTELS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TRANSCORP HOTELS PLC. 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 TRANSCORP HOTELS'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 TRANSCORP HOTELS
For every potential investor in TRANSCORP, whether a beginner or expert, TRANSCORP HOTELS's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. TRANSCORP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in TRANSCORP. Basic forecasting techniques help filter out the noise by identifying TRANSCORP HOTELS's price trends.TRANSCORP HOTELS 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 TRANSCORP HOTELS stock to make a market-neutral strategy. Peer analysis of TRANSCORP HOTELS could also be used in its relative valuation, which is a method of valuing TRANSCORP HOTELS by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TRANSCORP HOTELS PLC 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 TRANSCORP HOTELS'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 TRANSCORP HOTELS's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
TRANSCORP HOTELS Market Strength Events
Market strength indicators help investors to evaluate how TRANSCORP HOTELS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TRANSCORP HOTELS shares will generate the highest return on investment. By undertsting and applying TRANSCORP HOTELS stock market strength indicators, traders can identify TRANSCORP HOTELS PLC entry and exit signals to maximize returns.
TRANSCORP HOTELS Risk Indicators
The analysis of TRANSCORP HOTELS'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 TRANSCORP HOTELS's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting transcorp 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 | 0.5012 | |||
| Standard Deviation | 1.48 | |||
| Variance | 2.19 |
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.