Brookfield Investments Stock Forecast - Naive Prediction

BRN-PA Stock  CAD 25.30  0.03  0.12%   
The Naive Prediction forecasted value of Brookfield Investments on the next trading day is expected to be 25.37 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.76. Brookfield Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Brookfield Investments stock prices and determine the direction of Brookfield Investments's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Brookfield Investments' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for Brookfield Investments is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Brookfield Investments 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.

Brookfield Investments Naive Prediction Price Forecast For the 2nd of March

Given 90 days horizon, the Naive Prediction forecasted value of Brookfield Investments on the next trading day is expected to be 25.37 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.76.
Please note that although there have been many attempts to predict Brookfield 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 Brookfield Investments' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Brookfield Investments Stock Forecast Pattern

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 Brookfield Investments stock data series using in forecasting. Note that when a statistical model is used to represent Brookfield Investments 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 Criteria116.214
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1091
MAPEMean absolute percentage error0.0043
SAESum of the absolute errors6.7615
This model is not at all useful as a medium-long range forecasting tool of Brookfield Investments. 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 Brookfield Investments. 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 Brookfield Investments

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Brookfield Investments. 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
24.4625.3126.16
Details
Intrinsic
Valuation
LowRealHigh
20.8121.6627.83
Details
Bollinger
Band Projection (param)
LowMiddleHigh
25.0425.1925.35
Details

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

Brookfield Investments Market Strength Events

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

Brookfield Investments Risk Indicators

The analysis of Brookfield Investments' 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 Brookfield Investments' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting brookfield 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Other Information on Investing in Brookfield Stock

Brookfield Investments financial ratios help investors to determine whether Brookfield 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 Brookfield with respect to the benefits of owning Brookfield Investments security.