BIDV Insurance Stock Forecast - Naive Prediction

BIC Stock   34,250  350.00  1.01%   
The Naive Prediction forecasted value of BIDV Insurance Corp on the next trading day is expected to be 35,424 with a mean absolute deviation of 415.97 and the sum of the absolute errors of 25,790. BIDV Stock Forecast is based on your current time horizon.
  
A naive forecasting model for BIDV Insurance is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of BIDV Insurance Corp 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.

BIDV Insurance Naive Prediction Price Forecast For the 13th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of BIDV Insurance Corp on the next trading day is expected to be 35,424 with a mean absolute deviation of 415.97, mean absolute percentage error of 286,082, and the sum of the absolute errors of 25,790.
Please note that although there have been many attempts to predict BIDV 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 BIDV Insurance's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

BIDV Insurance Stock Forecast Pattern

Backtest BIDV InsuranceBIDV Insurance Price PredictionBuy or Sell Advice 

BIDV Insurance Forecasted Value

In the context of forecasting BIDV Insurance'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. BIDV Insurance's downside and upside margins for the forecasting period are 35,422 and 35,425, respectively. We have considered BIDV Insurance'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
34,250
35,422
Downside
35,424
Expected Value
35,425
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 BIDV Insurance stock data series using in forecasting. Note that when a statistical model is used to represent BIDV Insurance 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 Criteria132.5124
BiasArithmetic mean of the errors None
MADMean absolute deviation415.968
MAPEMean absolute percentage error0.0127
SAESum of the absolute errors25790.0175
This model is not at all useful as a medium-long range forecasting tool of BIDV Insurance Corp. 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 BIDV Insurance. 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 BIDV Insurance

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BIDV Insurance Corp. 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
34,24934,25034,251
Details
Intrinsic
Valuation
LowRealHigh
30,78430,78637,675
Details
Bollinger
Band Projection (param)
LowMiddleHigh
32,25533,98635,716
Details

Other Forecasting Options for BIDV Insurance

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

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

BIDV Insurance Corp 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 BIDV Insurance'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 BIDV Insurance's current price.

BIDV Insurance Market Strength Events

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

BIDV Insurance Risk Indicators

The analysis of BIDV Insurance'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 BIDV Insurance's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bidv 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 BIDV Insurance

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 BIDV Insurance 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 BIDV Insurance will appreciate offsetting losses from the drop in the long position's value.

Moving against BIDV Stock

  0.71AME Alphanam MEPairCorr
  0.67AAA An Phat PlasticPairCorr
  0.66APG APG Securities JointPairCorr
  0.65ADS Damsan JSCPairCorr
  0.56AAM Mekong Fisheries JSCPairCorr
The ability to find closely correlated positions to BIDV Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BIDV Insurance 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 BIDV Insurance - 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 BIDV Insurance Corp to buy it.
The correlation of BIDV Insurance 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 BIDV Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BIDV Insurance Corp 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 BIDV Insurance 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

Other Information on Investing in BIDV Stock

BIDV Insurance financial ratios help investors to determine whether BIDV 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 BIDV with respect to the benefits of owning BIDV Insurance security.