KEPCO Engineering Stock Forecast - 8 Period Moving Average

052690 Stock   51,000  1,200  2.41%   
The 8 Period Moving Average forecasted value of KEPCO Engineering Construction on the next trading day is expected to be 56,894 with a mean absolute deviation of 2,767 and the sum of the absolute errors of 146,662. KEPCO Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast KEPCO Engineering stock prices and determine the direction of KEPCO Engineering Construction's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of KEPCO Engineering's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
An 8-period moving average forecast model for KEPCO Engineering is based on an artificially constructed time series of KEPCO Engineering daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

KEPCO Engineering 8 Period Moving Average Price Forecast For the 12th of December 2024

Given 90 days horizon, the 8 Period Moving Average forecasted value of KEPCO Engineering Construction on the next trading day is expected to be 56,894 with a mean absolute deviation of 2,767, mean absolute percentage error of 19,368,610, and the sum of the absolute errors of 146,662.
Please note that although there have been many attempts to predict KEPCO 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 KEPCO Engineering's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

KEPCO Engineering Stock Forecast Pattern

Backtest KEPCO EngineeringKEPCO Engineering Price PredictionBuy or Sell Advice 

KEPCO Engineering Forecasted Value

In the context of forecasting KEPCO Engineering'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. KEPCO Engineering's downside and upside margins for the forecasting period are 56,891 and 56,897, respectively. We have considered KEPCO Engineering'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
51,000
56,891
Downside
56,894
Expected Value
56,897
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of KEPCO Engineering stock data series using in forecasting. Note that when a statistical model is used to represent KEPCO Engineering 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 Criteria120.1866
BiasArithmetic mean of the errors 1307.3113
MADMean absolute deviation2767.217
MAPEMean absolute percentage error0.046
SAESum of the absolute errors146662.5
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. KEPCO Engineering Construction 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for KEPCO Engineering

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as KEPCO Engineering. 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
LowEstimatedHigh
49,79749,80049,803
Details
Intrinsic
Valuation
LowRealHigh
46,65946,66254,780
Details
Bollinger
Band Projection (param)
LowMiddleHigh
58,00267,46176,920
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as KEPCO Engineering. Your research has to be compared to or analyzed against KEPCO Engineering's peers to derive any actionable benefits. When done correctly, KEPCO Engineering'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 KEPCO Engineering.

Other Forecasting Options for KEPCO Engineering

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

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

KEPCO Engineering 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 KEPCO Engineering'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 KEPCO Engineering's current price.

KEPCO Engineering Market Strength Events

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

KEPCO Engineering Risk Indicators

The analysis of KEPCO Engineering'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 KEPCO Engineering's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kepco 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 KEPCO Engineering

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 KEPCO Engineering 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 KEPCO Engineering will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to KEPCO Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KEPCO Engineering 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 KEPCO Engineering - 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 KEPCO Engineering Construction to buy it.
The correlation of KEPCO Engineering 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 KEPCO Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KEPCO Engineering 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 KEPCO Engineering 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

Other Information on Investing in KEPCO Stock

KEPCO Engineering financial ratios help investors to determine whether KEPCO Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in KEPCO with respect to the benefits of owning KEPCO Engineering security.