69331CAJ7 Forecast - Naive Prediction

69331CAJ7   91.00  7.51  7.62%   
The Naive Prediction forecasted value of PGE 525 percent on the next trading day is expected to be 92.06 with a mean absolute deviation of 1.21 and the sum of the absolute errors of 74.88. 69331CAJ7 Bond Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast 69331CAJ7 stock prices and determine the direction of PGE 525 percent's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of 69331CAJ7's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for 69331CAJ7 is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of PGE 525 percent 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.

69331CAJ7 Naive Prediction Price Forecast For the 12th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of PGE 525 percent on the next trading day is expected to be 92.06 with a mean absolute deviation of 1.21, mean absolute percentage error of 3.69, and the sum of the absolute errors of 74.88.
Please note that although there have been many attempts to predict 69331CAJ7 Bond 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 69331CAJ7's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

69331CAJ7 Bond Forecast Pattern

Backtest 69331CAJ769331CAJ7 Price PredictionBuy or Sell Advice 

69331CAJ7 Forecasted Value

In the context of forecasting 69331CAJ7's Bond 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. 69331CAJ7's downside and upside margins for the forecasting period are 90.96 and 93.15, respectively. We have considered 69331CAJ7'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
91.00
92.06
Expected Value
93.15
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 69331CAJ7 bond data series using in forecasting. Note that when a statistical model is used to represent 69331CAJ7 bond, 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 Criteria121.255
BiasArithmetic mean of the errors None
MADMean absolute deviation1.2078
MAPEMean absolute percentage error0.0128
SAESum of the absolute errors74.8836
This model is not at all useful as a medium-long range forecasting tool of PGE 525 percent. 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 69331CAJ7. 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 69331CAJ7

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PGE 525 percent. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond 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
89.9091.0092.10
Details
Intrinsic
Valuation
LowRealHigh
76.3277.42100.10
Details
Bollinger
Band Projection (param)
LowMiddleHigh
90.4196.34102.26
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 69331CAJ7. Your research has to be compared to or analyzed against 69331CAJ7's peers to derive any actionable benefits. When done correctly, 69331CAJ7'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 PGE 525 percent.

Other Forecasting Options for 69331CAJ7

For every potential investor in 69331CAJ7, whether a beginner or expert, 69331CAJ7's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 69331CAJ7 Bond price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 69331CAJ7. Basic forecasting techniques help filter out the noise by identifying 69331CAJ7's price trends.

69331CAJ7 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 69331CAJ7 bond to make a market-neutral strategy. Peer analysis of 69331CAJ7 could also be used in its relative valuation, which is a method of valuing 69331CAJ7 by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

PGE 525 percent Technical and Predictive Analytics

The bond market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of 69331CAJ7'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 69331CAJ7's current price.

69331CAJ7 Market Strength Events

Market strength indicators help investors to evaluate how 69331CAJ7 bond reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 69331CAJ7 shares will generate the highest return on investment. By undertsting and applying 69331CAJ7 bond market strength indicators, traders can identify PGE 525 percent entry and exit signals to maximize returns.

69331CAJ7 Risk Indicators

The analysis of 69331CAJ7'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 69331CAJ7's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 69331caj7 bond 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. One of the essential factors to consider when estimating the risk of default for a bond instrument is its duration, which is the bond's price sensitivity to changes in interest rates. The duration of PGE 525 percent bond is primarily affected by its yield, coupon rate, and time to maturity. The duration of a bond will be higher the lower its coupon, lower its yield, and longer the time left to maturity.
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 69331CAJ7 Bond

69331CAJ7 financial ratios help investors to determine whether 69331CAJ7 Bond 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 69331CAJ7 with respect to the benefits of owning 69331CAJ7 security.