Namyang Dairy Stock Forecast - Simple Moving Average
| 003925 Stock | 37,000 1,000.00 2.78% |
Namyang |
Namyang Dairy Simple Moving Average Price Forecast For the 29th of December
Given 90 days horizon, the Simple Moving Average forecasted value of Namyang Dairy Products on the next trading day is expected to be 37,000 with a mean absolute deviation of 608.40, mean absolute percentage error of 654,491, and the sum of the absolute errors of 36,504.Please note that although there have been many attempts to predict Namyang 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 Namyang Dairy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Namyang Dairy Stock Forecast Pattern
Namyang Dairy Forecasted Value
In the context of forecasting Namyang Dairy'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. Namyang Dairy's downside and upside margins for the forecasting period are 36,998 and 37,002, respectively. We have considered Namyang Dairy'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Namyang Dairy stock data series using in forecasting. Note that when a statistical model is used to represent Namyang Dairy 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 | 129.6642 |
| Bias | Arithmetic mean of the errors | -91.8016 |
| MAD | Mean absolute deviation | 608.4012 |
| MAPE | Mean absolute percentage error | 0.0165 |
| SAE | Sum of the absolute errors | 36504.075 |
Predictive Modules for Namyang Dairy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Namyang Dairy Products. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as Namyang Dairy. Your research has to be compared to or analyzed against Namyang Dairy's peers to derive any actionable benefits. When done correctly, Namyang Dairy'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 Namyang Dairy Products.Other Forecasting Options for Namyang Dairy
For every potential investor in Namyang, whether a beginner or expert, Namyang Dairy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Namyang Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Namyang. Basic forecasting techniques help filter out the noise by identifying Namyang Dairy's price trends.Namyang Dairy 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 Namyang Dairy stock to make a market-neutral strategy. Peer analysis of Namyang Dairy could also be used in its relative valuation, which is a method of valuing Namyang Dairy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Namyang Dairy Products 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 Namyang Dairy'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 Namyang Dairy's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Namyang Dairy Market Strength Events
Market strength indicators help investors to evaluate how Namyang Dairy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Namyang Dairy shares will generate the highest return on investment. By undertsting and applying Namyang Dairy stock market strength indicators, traders can identify Namyang Dairy Products entry and exit signals to maximize returns.
| Accumulation Distribution | 18.19 | |||
| Daily Balance Of Power | 2.222222 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 36825.0 | |||
| Day Typical Price | 36883.33 | |||
| Market Facilitation Index | 0.3 | |||
| Price Action Indicator | 675.0 | |||
| Period Momentum Indicator | 1000.0 |
Namyang Dairy Risk Indicators
The analysis of Namyang Dairy'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 Namyang Dairy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting namyang 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 | 1.72 | |||
| Semi Deviation | 1.57 | |||
| Standard Deviation | 2.73 | |||
| Variance | 7.45 | |||
| Downside Variance | 4.28 | |||
| Semi Variance | 2.47 | |||
| Expected Short fall | (2.20) |
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.
Pair Trading with Namyang Dairy
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 Namyang Dairy 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 Namyang Dairy will appreciate offsetting losses from the drop in the long position's value.Moving against Namyang Stock
| 0.57 | 005930 | Samsung Electronics | PairCorr |
| 0.57 | 005385 | Hyundai Motor | PairCorr |
| 0.54 | 005387 | Hyundai Motor | PairCorr |
| 0.53 | 006400 | Samsung SDI | PairCorr |
| 0.5 | 005935 | Samsung Electronics | PairCorr |
The ability to find closely correlated positions to Namyang Dairy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Namyang Dairy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Namyang Dairy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Namyang Dairy Products to buy it.
The correlation of Namyang Dairy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Namyang Dairy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Namyang Dairy Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Namyang Dairy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.