Globlex Holding Stock Forecast - 8 Period Moving Average

GBX Stock  THB 0.66  0.01  1.49%   
The 8 Period Moving Average forecasted value of Globlex Holding Management on the next trading day is expected to be 0.67 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.78. Globlex Stock Forecast is based on your current time horizon.
  
An 8-period moving average forecast model for Globlex Holding is based on an artificially constructed time series of Globlex Holding 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.

Globlex Holding 8 Period Moving Average Price Forecast For the 23rd of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of Globlex Holding Management on the next trading day is expected to be 0.67 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0003, and the sum of the absolute errors of 0.78.
Please note that although there have been many attempts to predict Globlex 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 Globlex Holding's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Globlex Holding Stock Forecast Pattern

Backtest Globlex HoldingGloblex Holding Price PredictionBuy or Sell Advice 

Globlex Holding Forecasted Value

In the context of forecasting Globlex Holding'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. Globlex Holding's downside and upside margins for the forecasting period are 0.01 and 2.28, respectively. We have considered Globlex Holding'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
0.66
0.67
Expected Value
2.28
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 Globlex Holding stock data series using in forecasting. Note that when a statistical model is used to represent Globlex Holding 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 Criteria95.348
BiasArithmetic mean of the errors 0.0096
MADMean absolute deviation0.0148
MAPEMean absolute percentage error0.0209
SAESum of the absolute errors0.7825
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. Globlex Holding Management 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Globlex Holding

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Globlex Holding Mana. 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
0.030.662.26
Details
Intrinsic
Valuation
LowRealHigh
0.030.582.18
Details

Other Forecasting Options for Globlex Holding

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

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

Globlex Holding Mana 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 Globlex Holding'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 Globlex Holding's current price.

Globlex Holding Market Strength Events

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

Globlex Holding Risk Indicators

The analysis of Globlex Holding'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 Globlex Holding's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting globlex 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.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

Other Information on Investing in Globlex Stock

Globlex Holding financial ratios help investors to determine whether Globlex 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 Globlex with respect to the benefits of owning Globlex Holding security.