Thai Credit Stock Forecast - 8 Period Moving Average

CREDIT Stock   18.10  0.80  4.23%   
The 8 Period Moving Average forecasted value of Thai Credit Pcl on the next trading day is expected to be 18.84 with a mean absolute deviation of 0.91 and the sum of the absolute errors of 48.21. Investors can use prediction functions to forecast Thai Credit's stock prices and determine the direction of Thai Credit Pcl's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Thai Credit's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
  
An 8-period moving average forecast model for Thai Credit is based on an artificially constructed time series of Thai Credit daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Thai Credit 8 Period Moving Average Price Forecast For the 16th of December 2024

Given 90 days horizon, the 8 Period Moving Average forecasted value of Thai Credit Pcl on the next trading day is expected to be 18.84 with a mean absolute deviation of 0.91, mean absolute percentage error of 1.42, and the sum of the absolute errors of 48.21.
Please note that although there have been many attempts to predict Thai 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 Thai Credit's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Thai Credit Stock Forecast Pattern

Thai Credit Forecasted Value

In the context of forecasting Thai Credit'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. Thai Credit's downside and upside margins for the forecasting period are 15.62 and 22.05, respectively. We have considered Thai Credit'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
18.10
18.84
Expected Value
22.05
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Thai Credit stock data series using in forecasting. Note that when a statistical model is used to represent Thai Credit 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 Criteria103.7551
BiasArithmetic mean of the errors 0.1224
MADMean absolute deviation0.9097
MAPEMean absolute percentage error0.0433
SAESum of the absolute errors48.2125
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Thai Credit Pcl 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Thai Credit

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thai Credit Pcl. 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 Thai Credit

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

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

Thai Credit Pcl 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 Thai Credit'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 Thai Credit's current price.

Thai Credit Market Strength Events

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

Thai Credit Risk Indicators

The analysis of Thai Credit'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 Thai Credit's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thai 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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