ZF Commercial Stock Forecast - Naive Prediction

ZFCVINDIA   12,332  151.75  1.22%   
The Naive Prediction forecasted value of ZF Commercial Vehicle on the next trading day is expected to be 10,767 with a mean absolute deviation of 272.11 and the sum of the absolute errors of 16,599. ZFCVINDIA Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ZF Commercial stock prices and determine the direction of ZF Commercial Vehicle's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ZF Commercial's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, ZF Commercial's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Retained Earnings is expected to grow to about 26.6 B, whereas Other Current Liabilities is forecasted to decline to about 692.9 M.
A naive forecasting model for ZF Commercial is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of ZF Commercial Vehicle 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.

ZF Commercial Naive Prediction Price Forecast For the 4th of December

Given 90 days horizon, the Naive Prediction forecasted value of ZF Commercial Vehicle on the next trading day is expected to be 10,767 with a mean absolute deviation of 272.11, mean absolute percentage error of 128,298, and the sum of the absolute errors of 16,599.
Please note that although there have been many attempts to predict ZFCVINDIA 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 ZF Commercial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ZF Commercial Stock Forecast Pattern

Backtest ZF CommercialZF Commercial Price PredictionBuy or Sell Advice 

ZF Commercial Forecasted Value

In the context of forecasting ZF Commercial'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. ZF Commercial's downside and upside margins for the forecasting period are 10,764 and 10,770, respectively. We have considered ZF Commercial'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
12,332
10,764
Downside
10,767
Expected Value
10,770
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 ZF Commercial stock data series using in forecasting. Note that when a statistical model is used to represent ZF Commercial 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 Criteria129.8726
BiasArithmetic mean of the errors None
MADMean absolute deviation272.113
MAPEMean absolute percentage error0.0187
SAESum of the absolute errors16598.8947
This model is not at all useful as a medium-long range forecasting tool of ZF Commercial Vehicle. 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 ZF Commercial. 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 ZF Commercial

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ZF Commercial Vehicle. 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
12,20612,20913,565
Details
Intrinsic
Valuation
LowRealHigh
11,35411,35713,565
Details
Bollinger
Band Projection (param)
LowMiddleHigh
13,19814,07114,943
Details
Earnings
Estimates (0)
LowProjected EPSHigh
57.0257.9259.67
Details

Other Forecasting Options for ZF Commercial

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

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

ZF Commercial Vehicle 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 ZF Commercial'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 ZF Commercial's current price.

ZF Commercial Market Strength Events

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

ZF Commercial Risk Indicators

The analysis of ZF Commercial'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 ZF Commercial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting zfcvindia 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 ZFCVINDIA Stock

ZF Commercial financial ratios help investors to determine whether ZFCVINDIA 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 ZFCVINDIA with respect to the benefits of owning ZF Commercial security.