Mirae Asset Stock Forecast - 4 Period Moving Average

006805 Stock   4,480  40.00  0.88%   
The 4 Period Moving Average forecasted value of Mirae Asset Daewoo on the next trading day is expected to be 4,495 with a mean absolute deviation of 81.82 and the sum of the absolute errors of 4,664. Investors can use prediction functions to forecast Mirae Asset's stock prices and determine the direction of Mirae Asset Daewoo's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Mirae Asset's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
A four-period moving average forecast model for Mirae Asset Daewoo is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

Mirae Asset 4 Period Moving Average Price Forecast For the 2nd of December

Given 90 days horizon, the 4 Period Moving Average forecasted value of Mirae Asset Daewoo on the next trading day is expected to be 4,495 with a mean absolute deviation of 81.82, mean absolute percentage error of 39,996, and the sum of the absolute errors of 4,664.
Please note that although there have been many attempts to predict Mirae 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 Mirae Asset's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Mirae Asset Stock Forecast Pattern

Mirae Asset Forecasted Value

In the context of forecasting Mirae Asset'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. Mirae Asset's downside and upside margins for the forecasting period are 4,491 and 4,499, respectively. We have considered Mirae Asset'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
4,480
4,495
Expected Value
4,499
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Mirae Asset stock data series using in forecasting. Note that when a statistical model is used to represent Mirae Asset 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 Criteria121.3555
BiasArithmetic mean of the errors -12.8728
MADMean absolute deviation81.8202
MAPEMean absolute percentage error0.0174
SAESum of the absolute errors4663.75
The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of Mirae Asset. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for Mirae Asset Daewoo and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for Mirae Asset

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

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

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

Mirae Asset Daewoo 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 Mirae Asset'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 Mirae Asset's current price.

Mirae Asset Market Strength Events

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

Mirae Asset Risk Indicators

The analysis of Mirae Asset'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 Mirae Asset's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mirae 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.

Pair Trading with Mirae Asset

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 Mirae Asset 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 Mirae Asset will appreciate offsetting losses from the drop in the long position's value.

Moving against Mirae Stock

  0.66006400 Samsung SDIPairCorr
  0.61051910 LG ChemicalsPairCorr
  0.53051915 LG ChemPairCorr
  0.51005385 Hyundai MotorPairCorr
  0.48207940 Samsung BiologicsPairCorr
The ability to find closely correlated positions to Mirae Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mirae Asset 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 Mirae Asset - 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 Mirae Asset Daewoo to buy it.
The correlation of Mirae Asset 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 Mirae Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirae Asset Daewoo 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 Mirae Asset 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.
Pair CorrelationCorrelation Matching