Mirae Asset Stock Forecast - Naive Prediction
| 200130 Stock | 13,080 20.00 0.15% |
The Naive Prediction forecasted value of Mirae Asset No2 on the next trading day is expected to be 13,707 with a mean absolute deviation of 238.81 and the sum of the absolute errors of 14,806. Mirae Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Mirae Asset stock prices and determine the direction of Mirae Asset No2's future trends based on various well-known forecasting models. 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.
Mirae |
Mirae Asset Naive Prediction Price Forecast For the 30th of November
Given 90 days horizon, the Naive Prediction forecasted value of Mirae Asset No2 on the next trading day is expected to be 13,707 with a mean absolute deviation of 238.81, mean absolute percentage error of 106,736, and the sum of the absolute errors of 14,806.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
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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 13,704 and 13,709, 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.
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 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.| AIC | Akaike Information Criteria | 131.5265 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 238.8122 |
| MAPE | Mean absolute percentage error | 0.0172 |
| SAE | Sum of the absolute errors | 14806.3552 |
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 No2. 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 No2 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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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 No2 entry and exit signals to maximize returns.
| Accumulation Distribution | 405.55 | |||
| Daily Balance Of Power | (0.09) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 13085.0 | |||
| Day Typical Price | 13083.33 | |||
| Market Facilitation Index | 0.0099 | |||
| Price Action Indicator | (15.00) | |||
| Period Momentum Indicator | (20.00) |
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.
| Mean Deviation | 1.46 | |||
| Standard Deviation | 2.25 | |||
| Variance | 5.05 |
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.
Other Information on Investing in Mirae Stock
Mirae Asset financial ratios help investors to determine whether Mirae 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 Mirae with respect to the benefits of owning Mirae Asset security.