Kenon Holdings Stock Forecast - Naive Prediction
| KEN Stock | 10,850 70.00 0.64% |
The Naive Prediction forecasted value of Kenon Holdings on the next trading day is expected to be 10,824 with a mean absolute deviation of 125.57 and the sum of the absolute errors of 7,659. Kenon Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Kenon Holdings stock prices and determine the direction of Kenon Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Kenon Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns.
Kenon |
Kenon Holdings Naive Prediction Price Forecast For the 16th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Kenon Holdings on the next trading day is expected to be 10,824 with a mean absolute deviation of 125.57, mean absolute percentage error of 34,028, and the sum of the absolute errors of 7,659.Please note that although there have been many attempts to predict Kenon 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 Kenon Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Kenon Holdings Stock Forecast Pattern
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Kenon Holdings Forecasted Value
In the context of forecasting Kenon Holdings' 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. Kenon Holdings' downside and upside margins for the forecasting period are 10,822 and 10,826, respectively. We have considered Kenon Holdings' 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Kenon Holdings stock data series using in forecasting. Note that when a statistical model is used to represent Kenon Holdings 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 | 128.5454 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 125.5651 |
| MAPE | Mean absolute percentage error | 0.0124 |
| SAE | Sum of the absolute errors | 7659.4725 |
Predictive Modules for Kenon Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kenon Holdings. 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.Other Forecasting Options for Kenon Holdings
For every potential investor in Kenon, whether a beginner or expert, Kenon Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Kenon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Kenon. Basic forecasting techniques help filter out the noise by identifying Kenon Holdings' price trends.Kenon Holdings 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 Kenon Holdings stock to make a market-neutral strategy. Peer analysis of Kenon Holdings could also be used in its relative valuation, which is a method of valuing Kenon Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kenon Holdings 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 Kenon Holdings' 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 Kenon Holdings' current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volume Indicators |
Kenon Holdings Market Strength Events
Market strength indicators help investors to evaluate how Kenon Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kenon Holdings shares will generate the highest return on investment. By undertsting and applying Kenon Holdings stock market strength indicators, traders can identify Kenon Holdings entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0229 | |||
| Daily Balance Of Power | (0.28) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 10795.0 | |||
| Day Typical Price | 10813.33 | |||
| Market Facilitation Index | 250.0 | |||
| Price Action Indicator | 20.0 | |||
| Period Momentum Indicator | (70.00) | |||
| Relative Strength Index | 56.82 |
Kenon Holdings Risk Indicators
The analysis of Kenon Holdings' 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 Kenon Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kenon 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 | 1.29 | |||
| Semi Deviation | 1.31 | |||
| Standard Deviation | 1.81 | |||
| Variance | 3.28 | |||
| Downside Variance | 2.41 | |||
| Semi Variance | 1.71 | |||
| Expected Short fall | (1.60) |
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.Additional Information and Resources on Investing in Kenon Stock
When determining whether Kenon Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kenon Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kenon Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kenon Holdings Stock:Check out Historical Fundamental Analysis of Kenon Holdings to cross-verify your projections. For information on how to trade Kenon Stock refer to our How to Trade Kenon Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.