Oriental Union Stock Forecast - 20 Period Moving Average

1710 Stock  TWD 15.60  0.20  1.30%   
The 20 Period Moving Average forecasted value of Oriental Union Chemical on the next trading day is expected to be 16.20 with a mean absolute deviation of 0.62 and the sum of the absolute errors of 25.62. Oriental Stock Forecast is based on your current time horizon.
  
A commonly used 20-period moving average forecast model for Oriental Union Chemical is based on a synthetically constructed Oriental Uniondaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Oriental Union 20 Period Moving Average Price Forecast For the 11th of December 2024

Given 90 days horizon, the 20 Period Moving Average forecasted value of Oriental Union Chemical on the next trading day is expected to be 16.20 with a mean absolute deviation of 0.62, mean absolute percentage error of 0.49, and the sum of the absolute errors of 25.62.
Please note that although there have been many attempts to predict Oriental 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 Oriental Union's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Oriental Union Stock Forecast Pattern

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Oriental Union Forecasted Value

In the context of forecasting Oriental Union'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. Oriental Union's downside and upside margins for the forecasting period are 15.01 and 17.39, respectively. We have considered Oriental Union'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
15.60
16.20
Expected Value
17.39
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Oriental Union stock data series using in forecasting. Note that when a statistical model is used to represent Oriental Union 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 Criteria80.6484
BiasArithmetic mean of the errors 0.6195
MADMean absolute deviation0.6249
MAPEMean absolute percentage error0.0376
SAESum of the absolute errors25.62
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. Oriental Union Chemical 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Oriental Union

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oriental Union Chemical. 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
14.4115.6016.79
Details
Intrinsic
Valuation
LowRealHigh
13.5414.7315.92
Details
Bollinger
Band Projection (param)
LowMiddleHigh
15.1316.4217.71
Details

Other Forecasting Options for Oriental Union

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

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

Oriental Union Chemical 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 Oriental Union'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 Oriental Union's current price.

Oriental Union Market Strength Events

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

Oriental Union Risk Indicators

The analysis of Oriental Union'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 Oriental Union's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting oriental 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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Oriental Stock Analysis

When running Oriental Union's price analysis, check to measure Oriental Union's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oriental Union is operating at the current time. Most of Oriental Union's value examination focuses on studying past and present price action to predict the probability of Oriental Union's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oriental Union's price. Additionally, you may evaluate how the addition of Oriental Union to your portfolios can decrease your overall portfolio volatility.