Daejoo Electronic Stock Forecast - Naive Prediction

A naive forecasting model for Daejoo Electronic is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Daejoo Electronic Materials 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.

Daejoo Electronic Naive Prediction Price Forecast For the 3rd of December

Given 90 days horizon, the Naive Prediction forecasted value of Daejoo Electronic Materials on the next trading day is expected to be 80,819 with a mean absolute deviation of 4,393, mean absolute percentage error of 30,497,935, and the sum of the absolute errors of 267,976.

Daejoo Electronic Stock Forecast Pattern

Backtest Daejoo Electronic

Daejoo Electronic Price Prediction

Buy or Sell Advice

Daejoo Electronic 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 Daejoo Electronic stock data series using in forecasting. Note that when a statistical model is used to represent Daejoo Electronic 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 Daejoo Electronic Materials. 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 Daejoo Electronic. 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 Daejoo Electronic

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daejoo Electronic. 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 Low Estimated High 83,096 83,100 83,104 Details

Intrinsic Valuation Low Real High 78,452 78,456 91,410 Details

Bollinger Band Projection (param) Low Middle High 74,935 91,550 108,165 Details

Other Forecasting Options for Daejoo Electronic

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

Daejoo Electronic Related Equities

Risk & Return

Correlation

Daejoo Electronic 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 Daejoo Electronic'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 Daejoo Electronic's current price.

Daejoo Electronic Market Strength Events

Daejoo Electronic Risk Indicators

Pair Trading with Daejoo Electronic

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 Daejoo Electronic 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 Daejoo Electronic will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Daejoo Stock