Johnson Health Stock Forecast - Simple Regression
| 1736 Stock | TWD 194.50 1.50 0.78% |
The Simple Regression forecasted value of Johnson Health Tech on the next trading day is expected to be 176.24 with a mean absolute deviation of 10.78 and the sum of the absolute errors of 668.06. Johnson Stock Forecast is based on your current time horizon.
Johnson |
Johnson Health Simple Regression Price Forecast For the 14th of December 2024
Given 90 days horizon, the Simple Regression forecasted value of Johnson Health Tech on the next trading day is expected to be 176.24 with a mean absolute deviation of 10.78, mean absolute percentage error of 160.43, and the sum of the absolute errors of 668.06.Please note that although there have been many attempts to predict Johnson 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 Johnson Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Johnson Health Stock Forecast Pattern
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Johnson Health Forecasted Value
In the context of forecasting Johnson Health'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. Johnson Health's downside and upside margins for the forecasting period are 172.46 and 180.03, respectively. We have considered Johnson Health'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 Regression forecasting method's relative quality and the estimations of the prediction error of Johnson Health stock data series using in forecasting. Note that when a statistical model is used to represent Johnson Health 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 | 125.0262 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 10.7752 |
| MAPE | Mean absolute percentage error | 0.0692 |
| SAE | Sum of the absolute errors | 668.0642 |
Predictive Modules for Johnson Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Johnson Health Tech. 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 Johnson Health
For every potential investor in Johnson, whether a beginner or expert, Johnson Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Johnson Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Johnson. Basic forecasting techniques help filter out the noise by identifying Johnson Health's price trends.Johnson Health 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 Johnson Health stock to make a market-neutral strategy. Peer analysis of Johnson Health could also be used in its relative valuation, which is a method of valuing Johnson Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Johnson Health Tech 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 Johnson Health'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 Johnson Health's current price.| Cycle Indicators | ||
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Johnson Health Market Strength Events
Market strength indicators help investors to evaluate how Johnson Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Johnson Health shares will generate the highest return on investment. By undertsting and applying Johnson Health stock market strength indicators, traders can identify Johnson Health Tech entry and exit signals to maximize returns.
| Accumulation Distribution | 19492.43 | |||
| Daily Balance Of Power | 0.3333 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 195.75 | |||
| Day Typical Price | 195.33 | |||
| Price Action Indicator | (0.50) | |||
| Period Momentum Indicator | 1.5 |
Johnson Health Risk Indicators
The analysis of Johnson Health'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 Johnson Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting johnson 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 | 2.64 | |||
| Semi Deviation | 2.83 | |||
| Standard Deviation | 3.73 | |||
| Variance | 13.88 | |||
| Downside Variance | 13.97 | |||
| Semi Variance | 8.01 | |||
| Expected Short fall | (3.21) |
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 Johnson Stock Analysis
When running Johnson Health's price analysis, check to measure Johnson Health'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 Johnson Health is operating at the current time. Most of Johnson Health's value examination focuses on studying past and present price action to predict the probability of Johnson Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Johnson Health's price. Additionally, you may evaluate how the addition of Johnson Health to your portfolios can decrease your overall portfolio volatility.