Homeritz Bhd Stock Forecast - Simple Moving Average

5160 Stock   0.59  0.02  3.51%   
The Simple Moving Average forecasted value of Homeritz Bhd on the next trading day is expected to be 0.59 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.36. Investors can use prediction functions to forecast Homeritz Bhd's stock prices and determine the direction of Homeritz Bhd's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Homeritz Bhd's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
A two period moving average forecast for Homeritz Bhd is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Homeritz Bhd Simple Moving Average Price Forecast For the 5th of December

Given 90 days horizon, the Simple Moving Average forecasted value of Homeritz Bhd on the next trading day is expected to be 0.59 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.000086, and the sum of the absolute errors of 0.36.
Please note that although there have been many attempts to predict Homeritz 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 Homeritz Bhd's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Homeritz Bhd Stock Forecast Pattern

Homeritz Bhd Forecasted Value

In the context of forecasting Homeritz Bhd'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. Homeritz Bhd's downside and upside margins for the forecasting period are 0.01 and 2.23, respectively. We have considered Homeritz Bhd'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
0.59
0.59
Expected Value
2.23
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Homeritz Bhd stock data series using in forecasting. Note that when a statistical model is used to represent Homeritz Bhd 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 Criteria105.0688
BiasArithmetic mean of the errors -2.0E-4
MADMean absolute deviation0.0061
MAPEMean absolute percentage error0.0106
SAESum of the absolute errors0.36
The simple moving average model is conceptually a linear regression of the current value of Homeritz Bhd price series against current and previous (unobserved) value of Homeritz Bhd. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for Homeritz Bhd

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Homeritz Bhd. 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 Homeritz Bhd

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

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

Homeritz Bhd 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 Homeritz Bhd'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 Homeritz Bhd's current price.

Homeritz Bhd Market Strength Events

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

Homeritz Bhd Risk Indicators

The analysis of Homeritz Bhd'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 Homeritz Bhd's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting homeritz 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.

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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.