Covivio Hotels Stock Forecast - Simple Moving Average

COVH Stock  EUR 18.90  0.40  2.16%   
The Simple Moving Average forecasted value of Covivio Hotels on the next trading day is expected to be 18.70 with a mean absolute deviation of 0.14 and the sum of the absolute errors of 8.03. Covivio Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Covivio Hotels stock prices and determine the direction of Covivio Hotels's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Covivio Hotels' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A two period moving average forecast for Covivio Hotels is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Covivio Hotels Simple Moving Average Price Forecast For the 12th of December 2024

Given 90 days horizon, the Simple Moving Average forecasted value of Covivio Hotels on the next trading day is expected to be 18.70 with a mean absolute deviation of 0.14, mean absolute percentage error of 0.04, and the sum of the absolute errors of 8.03.
Please note that although there have been many attempts to predict Covivio 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 Covivio Hotels' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Covivio Hotels Stock Forecast Pattern

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Covivio Hotels Forecasted Value

In the context of forecasting Covivio Hotels' 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. Covivio Hotels' downside and upside margins for the forecasting period are 17.57 and 19.83, respectively. We have considered Covivio Hotels' 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
18.90
18.70
Expected Value
19.83
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Covivio Hotels stock data series using in forecasting. Note that when a statistical model is used to represent Covivio Hotels 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 Criteria111.2055
BiasArithmetic mean of the errors -0.0191
MADMean absolute deviation0.136
MAPEMean absolute percentage error0.0073
SAESum of the absolute errors8.025
The simple moving average model is conceptually a linear regression of the current value of Covivio Hotels price series against current and previous (unobserved) value of Covivio Hotels. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for Covivio Hotels

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Covivio Hotels. 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
17.3918.5019.61
Details
Intrinsic
Valuation
LowRealHigh
16.6521.8923.00
Details
Bollinger
Band Projection (param)
LowMiddleHigh
18.5018.5018.50
Details

Other Forecasting Options for Covivio Hotels

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

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

Covivio Hotels 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 Covivio Hotels' 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 Covivio Hotels' current price.

Covivio Hotels Market Strength Events

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

Covivio Hotels Risk Indicators

The analysis of Covivio Hotels' 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 Covivio Hotels' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting covivio 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.

Other Information on Investing in Covivio Stock

Covivio Hotels financial ratios help investors to determine whether Covivio 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 Covivio with respect to the benefits of owning Covivio Hotels security.