Wholetech System Stock Forecast - Simple Regression
| 3402 Stock | TWD 104.50 2.00 1.88% |
The Simple Regression forecasted value of Wholetech System Hitech on the next trading day is expected to be 103.86 with a mean absolute deviation of 2.45 and the sum of the absolute errors of 151.67. Wholetech Stock Forecast is based on your current time horizon.
Wholetech |
Wholetech System Simple Regression Price Forecast For the 12th of December 2024
Given 90 days horizon, the Simple Regression forecasted value of Wholetech System Hitech on the next trading day is expected to be 103.86 with a mean absolute deviation of 2.45, mean absolute percentage error of 9.34, and the sum of the absolute errors of 151.67.Please note that although there have been many attempts to predict Wholetech 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 Wholetech System's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Wholetech System Stock Forecast Pattern
| Backtest Wholetech System | Wholetech System Price Prediction | Buy or Sell Advice |
Wholetech System Forecasted Value
In the context of forecasting Wholetech System'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. Wholetech System's downside and upside margins for the forecasting period are 101.65 and 106.06, respectively. We have considered Wholetech System'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 Wholetech System stock data series using in forecasting. Note that when a statistical model is used to represent Wholetech System 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 | 122.1825 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.4463 |
| MAPE | Mean absolute percentage error | 0.0232 |
| SAE | Sum of the absolute errors | 151.6677 |
Predictive Modules for Wholetech System
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wholetech System Hitech. 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 Wholetech System
For every potential investor in Wholetech, whether a beginner or expert, Wholetech System's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wholetech Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wholetech. Basic forecasting techniques help filter out the noise by identifying Wholetech System's price trends.Wholetech System 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 Wholetech System stock to make a market-neutral strategy. Peer analysis of Wholetech System could also be used in its relative valuation, which is a method of valuing Wholetech System by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wholetech System Hitech 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 Wholetech System'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 Wholetech System's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Wholetech System Market Strength Events
Market strength indicators help investors to evaluate how Wholetech System stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wholetech System shares will generate the highest return on investment. By undertsting and applying Wholetech System stock market strength indicators, traders can identify Wholetech System Hitech entry and exit signals to maximize returns.
| Accumulation Distribution | 6479.97 | |||
| Daily Balance Of Power | (0.67) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 106.0 | |||
| Day Typical Price | 105.5 | |||
| Price Action Indicator | (2.50) | |||
| Period Momentum Indicator | (2.00) | |||
| Relative Strength Index | 24.4 |
Wholetech System Risk Indicators
The analysis of Wholetech System'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 Wholetech System's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wholetech 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 | 1.52 | |||
| Semi Deviation | 1.95 | |||
| Standard Deviation | 2.22 | |||
| Variance | 4.95 | |||
| Downside Variance | 5.91 | |||
| Semi Variance | 3.8 | |||
| Expected Short fall | (1.82) |
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.
Pair Trading with Wholetech System
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 Wholetech System 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 Wholetech System will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Wholetech System could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wholetech System when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wholetech System - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wholetech System Hitech to buy it.
The correlation of Wholetech System is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wholetech System moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wholetech System Hitech moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Wholetech System can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Wholetech Stock Analysis
When running Wholetech System's price analysis, check to measure Wholetech System'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 Wholetech System is operating at the current time. Most of Wholetech System's value examination focuses on studying past and present price action to predict the probability of Wholetech System's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wholetech System's price. Additionally, you may evaluate how the addition of Wholetech System to your portfolios can decrease your overall portfolio volatility.