Shinih Enterprise Stock Forecast - Naive Prediction

9944 Stock  TWD 20.20  0.05  0.25%   
The Naive Prediction forecasted value of Shinih Enterprise Co on the next trading day is expected to be 20.06 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.77. Shinih Stock Forecast is based on your current time horizon.
  
A naive forecasting model for Shinih Enterprise is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Shinih Enterprise 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.

Shinih Enterprise Naive Prediction Price Forecast For the 16th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Shinih Enterprise Co on the next trading day is expected to be 20.06 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.77.
Please note that although there have been many attempts to predict Shinih 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 Shinih Enterprise's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Shinih Enterprise Stock Forecast Pattern

JavaScript chart by amCharts 3.21.15Sep 30Oct 8Oct 17Oct 25Nov 4Nov 12Nov 20Nov 28Dec 6Dec 15Next 619.019.520.020.5
JavaScript chart by amCharts 3.21.15Shinih Enterprise Shinih Enterprise forecast
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Shinih Enterprise Forecasted Value

In the context of forecasting Shinih Enterprise'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. Shinih Enterprise's downside and upside margins for the forecasting period are 19.62 and 20.50, respectively. We have considered Shinih Enterprise'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
20.20
20.06
Expected Value
20.50
Upside

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 Shinih Enterprise stock data series using in forecasting. Note that when a statistical model is used to represent Shinih Enterprise 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 Criteria113.3818
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0783
MAPEMean absolute percentage error0.0038
SAESum of the absolute errors4.7737
This model is not at all useful as a medium-long range forecasting tool of Shinih Enterprise 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 Shinih Enterprise. 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 Shinih Enterprise

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shinih Enterprise. 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
19.7620.2020.64
Details
Intrinsic
Valuation
LowRealHigh
19.8720.3120.75
Details
Bollinger
Band Projection (param)
LowMiddleHigh
20.0420.3620.69
Details

Other Forecasting Options for Shinih Enterprise

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

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

Shinih Enterprise 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 Shinih Enterprise'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 Shinih Enterprise's current price.

Shinih Enterprise Market Strength Events

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

Shinih Enterprise Risk Indicators

The analysis of Shinih Enterprise'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 Shinih Enterprise's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shinih 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.

Also Currently Popular

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.

Additional Tools for Shinih Stock Analysis

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