Delta Asia Stock Forecast - 8 Period Moving Average

6762 Stock  TWD 272.00  2.00  0.73%   
The 8 Period Moving Average forecasted value of Delta Asia International on the next trading day is expected to be 274.88 with a mean absolute deviation of 3.26 and the sum of the absolute errors of 175.81. Delta Stock Forecast is based on your current time horizon.
  
An 8-period moving average forecast model for Delta Asia is based on an artificially constructed time series of Delta Asia daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Delta Asia 8 Period Moving Average Price Forecast For the 14th of December 2024

Given 90 days horizon, the 8 Period Moving Average forecasted value of Delta Asia International on the next trading day is expected to be 274.88 with a mean absolute deviation of 3.26, mean absolute percentage error of 17.61, and the sum of the absolute errors of 175.81.
Please note that although there have been many attempts to predict Delta 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 Delta Asia's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Delta Asia Stock Forecast Pattern

Backtest Delta AsiaDelta Asia Price PredictionBuy or Sell Advice 

Delta Asia Forecasted Value

In the context of forecasting Delta Asia'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. Delta Asia's downside and upside margins for the forecasting period are 273.84 and 275.91, respectively. We have considered Delta Asia'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
272.00
273.84
Downside
274.88
Expected Value
275.91
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Delta Asia stock data series using in forecasting. Note that when a statistical model is used to represent Delta Asia 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 Criteria108.1139
BiasArithmetic mean of the errors 1.0359
MADMean absolute deviation3.2558
MAPEMean absolute percentage error0.0118
SAESum of the absolute errors175.8125
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Delta Asia International 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Delta Asia

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Delta Asia International. 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
LowEstimatedHigh
270.97272.00273.03
Details
Intrinsic
Valuation
LowRealHigh
238.33239.36299.20
Details
Bollinger
Band Projection (param)
LowMiddleHigh
266.95276.74286.53
Details

Other Forecasting Options for Delta Asia

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

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

Delta Asia International 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 Delta Asia'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 Delta Asia's current price.

Delta Asia Market Strength Events

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

Delta Asia Risk Indicators

The analysis of Delta Asia'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 Delta Asia's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting delta 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.

Pair Trading with Delta Asia

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 Delta Asia 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 Delta Asia will appreciate offsetting losses from the drop in the long position's value.

Moving together with Delta Stock

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  0.774104 Excelsior MedicalPairCorr

Moving against Delta Stock

  0.652891B CTBC Financial HoldingPairCorr
  0.612891 CTBC Financial HoldingPairCorr
  0.512883 China DevelopmentPairCorr
  0.354129 United OrthopedicPairCorr
  0.340050 YuantaP shares TaiwanPairCorr
The ability to find closely correlated positions to Delta Asia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delta Asia 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 Delta Asia - 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 Delta Asia International to buy it.
The correlation of Delta Asia 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 Delta Asia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delta Asia International 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 Delta Asia 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.
Pair CorrelationCorrelation Matching

Additional Tools for Delta Stock Analysis

When running Delta Asia's price analysis, check to measure Delta Asia'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 Delta Asia is operating at the current time. Most of Delta Asia's value examination focuses on studying past and present price action to predict the probability of Delta Asia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delta Asia's price. Additionally, you may evaluate how the addition of Delta Asia to your portfolios can decrease your overall portfolio volatility.