Daelim Industrial Stock Forecast - Naive Prediction

A naive forecasting model for Daelim Industrial is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Daelim Industrial Co 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.

Daelim Industrial Naive Prediction Price Forecast For the 14th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Daelim Industrial Co on the next trading day is expected to be 20,353 with a mean absolute deviation of 402.32, mean absolute percentage error of 261,055, and the sum of the absolute errors of 24,944.

Daelim Industrial Stock Forecast Pattern

Daelim Industrial Forecasted Value

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 Daelim Industrial stock data series using in forecasting. Note that when a statistical model is used to represent Daelim Industrial 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 Daelim Industrial Co. 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 Daelim Industrial. 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 Daelim Industrial

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daelim Industrial. 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 Daelim Industrial

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

Daelim Industrial Related Equities

Risk & Return

Correlation

Daelim Industrial 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 Daelim Industrial'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 Daelim Industrial's current price.

Daelim Industrial Market Strength Events

Daelim Industrial Risk Indicators

Pair Trading with Daelim Industrial

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 Daelim Industrial 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 Daelim Industrial will appreciate offsetting losses from the drop in the long position's value.