Alarko Carrier Stock Forecast - Naive Prediction
| ALCAR Stock | TRY 994.00 2.00 0.20% |
The Naive Prediction forecasted value of Alarko Carrier Sanayi on the next trading day is expected to be 980.42 with a mean absolute deviation of 15.48 and the sum of the absolute errors of 959.52. Alarko Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Alarko Carrier's historical fundamentals, such as revenue growth or operating cash flow patterns.
Alarko |
Alarko Carrier Naive Prediction Price Forecast For the 14th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Alarko Carrier Sanayi on the next trading day is expected to be 980.42 with a mean absolute deviation of 15.48, mean absolute percentage error of 401.75, and the sum of the absolute errors of 959.52.Please note that although there have been many attempts to predict Alarko 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 Alarko Carrier's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Alarko Carrier Stock Forecast Pattern
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Alarko Carrier Forecasted Value
In the context of forecasting Alarko Carrier'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. Alarko Carrier's downside and upside margins for the forecasting period are 978.40 and 982.45, respectively. We have considered Alarko Carrier'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Alarko Carrier stock data series using in forecasting. Note that when a statistical model is used to represent Alarko Carrier 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 | 125.9442 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 15.4762 |
| MAPE | Mean absolute percentage error | 0.0163 |
| SAE | Sum of the absolute errors | 959.5246 |
Predictive Modules for Alarko Carrier
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alarko Carrier Sanayi. 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 Alarko Carrier
For every potential investor in Alarko, whether a beginner or expert, Alarko Carrier's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Alarko Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Alarko. Basic forecasting techniques help filter out the noise by identifying Alarko Carrier's price trends.Alarko Carrier 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 Alarko Carrier stock to make a market-neutral strategy. Peer analysis of Alarko Carrier could also be used in its relative valuation, which is a method of valuing Alarko Carrier by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Alarko Carrier Sanayi 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 Alarko Carrier'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 Alarko Carrier's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Alarko Carrier Market Strength Events
Market strength indicators help investors to evaluate how Alarko Carrier stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alarko Carrier shares will generate the highest return on investment. By undertsting and applying Alarko Carrier stock market strength indicators, traders can identify Alarko Carrier Sanayi entry and exit signals to maximize returns.
Alarko Carrier Risk Indicators
The analysis of Alarko Carrier'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 Alarko Carrier's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting alarko 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 | 1.55 | |||
| Standard Deviation | 2.05 | |||
| Variance | 4.22 |
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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Other Information on Investing in Alarko Stock
Alarko Carrier financial ratios help investors to determine whether Alarko Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alarko with respect to the benefits of owning Alarko Carrier security.