Masonite International Stock Forecast - Naive Prediction

A naive forecasting model for Masonite International is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Masonite International Corp 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.

Masonite International Naive Prediction Price Forecast For the 3rd of December

Given 90 days horizon, the Naive Prediction forecasted value of Masonite International Corp on the next trading day is expected to be 108.57 with a mean absolute deviation of 1.97, mean absolute percentage error of 6.05, and the sum of the absolute errors of 120.24.

Masonite International Stock Forecast Pattern

Backtest Masonite International

Masonite International Price Prediction

Buy or Sell Advice

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 Masonite International stock data series using in forecasting. Note that when a statistical model is used to represent Masonite International 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. This model is not at all useful as a medium-long range forecasting tool of Masonite International Corp. 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 Masonite International. 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 Masonite International

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Masonite International. 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 Low Estimated High 104.05 104.05 104.05 Details

Intrinsic Valuation Low Real High 85.24 85.24 114.46 Details

Bollinger Band Projection (param) Low Middle High 95.58 100.82 106.06 Details

Masonite International Related Equities

Risk & Return

Correlation

Masonite International Market Strength Events

Masonite International Risk Indicators

Pair Trading with Masonite International

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Masonite International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Masonite International will appreciate offsetting losses from the drop in the long position's value.

Other Consideration for investing in Masonite Stock