ATP 30 Stock Forecast - Naive Prediction

ATP30 Stock  THB 1.03  0.03  2.83%   
The Naive Prediction forecasted value of ATP 30 Public on the next trading day is expected to be 1.02 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.28. ATP Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ATP 30 stock prices and determine the direction of ATP 30 Public's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ATP 30's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for ATP 30 is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of ATP 30 Public 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.

ATP 30 Naive Prediction Price Forecast For the 5th of December

Given 90 days horizon, the Naive Prediction forecasted value of ATP 30 Public on the next trading day is expected to be 1.02 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0008, and the sum of the absolute errors of 1.28.
Please note that although there have been many attempts to predict ATP 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 ATP 30's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ATP 30 Stock Forecast Pattern

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ATP 30 Forecasted Value

In the context of forecasting ATP 30'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. ATP 30's downside and upside margins for the forecasting period are 0.01 and 3.43, respectively. We have considered ATP 30'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
1.03
1.02
Expected Value
3.43
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 ATP 30 stock data series using in forecasting. Note that when a statistical model is used to represent ATP 30 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 Criteria110.9675
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0209
MAPEMean absolute percentage error0.0215
SAESum of the absolute errors1.2758
This model is not at all useful as a medium-long range forecasting tool of ATP 30 Public. 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 ATP 30. 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 ATP 30

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ATP 30 Public. 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
0.051.033.44
Details
Intrinsic
Valuation
LowRealHigh
0.051.003.42
Details

Other Forecasting Options for ATP 30

For every potential investor in ATP, whether a beginner or expert, ATP 30's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ATP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ATP. Basic forecasting techniques help filter out the noise by identifying ATP 30's price trends.

ATP 30 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 ATP 30 stock to make a market-neutral strategy. Peer analysis of ATP 30 could also be used in its relative valuation, which is a method of valuing ATP 30 by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

ATP 30 Public 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 ATP 30'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 ATP 30's current price.

ATP 30 Market Strength Events

Market strength indicators help investors to evaluate how ATP 30 stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ATP 30 shares will generate the highest return on investment. By undertsting and applying ATP 30 stock market strength indicators, traders can identify ATP 30 Public entry and exit signals to maximize returns.

ATP 30 Risk Indicators

The analysis of ATP 30'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 ATP 30's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting atp 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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Other Information on Investing in ATP Stock

ATP 30 financial ratios help investors to determine whether ATP 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 ATP with respect to the benefits of owning ATP 30 security.