Jin Air Stock Forecast - Naive Prediction

A naive forecasting model for Jin Air is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Jin Air Co 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.

Jin Air Naive Prediction Price Forecast For the 16th of March 2025

Given 90 days horizon, the Naive Prediction forecasted value of Jin Air Co on the next trading day is expected to be 9,373 with a mean absolute deviation of 137.48, mean absolute percentage error of 28,747, and the sum of the absolute errors of 8,386.

Jin Air Stock Forecast Pattern

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Jin Air Price Prediction

Buy or Sell Advice

Jin Air 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 Jin Air stock data series using in forecasting. Note that when a statistical model is used to represent Jin Air 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 Jin Air Co. 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 Jin Air. 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 Jin Air

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jin Air. 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 9,608 9,610 9,612 Details

Intrinsic Valuation Low Real High 8,936 8,937 10,571 Details

Bollinger Band Projection (param) Low Middle High 9,526 9,923 10,319 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Jin Air. Your research has to be compared to or analyzed against Jin Air's peers to derive any actionable benefits. When done correctly, Jin Air'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 Jin Air.

Other Forecasting Options for Jin Air

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

Jin Air Related Equities

Risk & Return

Correlation

Jin Air 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 Jin Air'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 Jin Air's current price.

Jin Air Market Strength Events

Jin Air Risk Indicators

Pair Trading with Jin Air

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 Jin Air 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 Jin Air will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Jin Stock