Mycronic Publ Stock Forecast - 4 Period Moving Average
| MYCR Stock | SEK 387.40 4.40 1.15% |
The 4 Period Moving Average forecasted value of Mycronic publ AB on the next trading day is expected to be 388.70 with a mean absolute deviation of 8.66 and the sum of the absolute errors of 502.10. Mycronic Stock Forecast is based on your current time horizon.
Mycronic |
Mycronic Publ 4 Period Moving Average Price Forecast For the 30th of November
Given 90 days horizon, the 4 Period Moving Average forecasted value of Mycronic publ AB on the next trading day is expected to be 388.70 with a mean absolute deviation of 8.66, mean absolute percentage error of 150.51, and the sum of the absolute errors of 502.10.Please note that although there have been many attempts to predict Mycronic 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 Mycronic Publ's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mycronic Publ Stock Forecast Pattern
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Mycronic Publ Forecasted Value
In the context of forecasting Mycronic Publ'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. Mycronic Publ's downside and upside margins for the forecasting period are 386.44 and 390.96, respectively. We have considered Mycronic Publ'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Mycronic Publ stock data series using in forecasting. Note that when a statistical model is used to represent Mycronic Publ 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.| AIC | Akaike Information Criteria | 117.6109 |
| Bias | Arithmetic mean of the errors | -0.9086 |
| MAD | Mean absolute deviation | 8.6569 |
| MAPE | Mean absolute percentage error | 0.0217 |
| SAE | Sum of the absolute errors | 502.1 |
Predictive Modules for Mycronic Publ
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mycronic publ AB. 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 Mycronic Publ
For every potential investor in Mycronic, whether a beginner or expert, Mycronic Publ's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mycronic Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mycronic. Basic forecasting techniques help filter out the noise by identifying Mycronic Publ's price trends.Mycronic Publ 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 Mycronic Publ stock to make a market-neutral strategy. Peer analysis of Mycronic Publ could also be used in its relative valuation, which is a method of valuing Mycronic Publ by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mycronic publ AB 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 Mycronic Publ'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 Mycronic Publ's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Mycronic Publ Market Strength Events
Market strength indicators help investors to evaluate how Mycronic Publ stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mycronic Publ shares will generate the highest return on investment. By undertsting and applying Mycronic Publ stock market strength indicators, traders can identify Mycronic publ AB entry and exit signals to maximize returns.
Mycronic Publ Risk Indicators
The analysis of Mycronic Publ'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 Mycronic Publ's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mycronic 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.
| Mean Deviation | 1.53 | |||
| Semi Deviation | 1.9 | |||
| Standard Deviation | 2.23 | |||
| Variance | 4.98 | |||
| Downside Variance | 4.02 | |||
| Semi Variance | 3.59 | |||
| Expected Short fall | (1.65) |
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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Additional Tools for Mycronic Stock Analysis
When running Mycronic Publ's price analysis, check to measure Mycronic Publ's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mycronic Publ is operating at the current time. Most of Mycronic Publ's value examination focuses on studying past and present price action to predict the probability of Mycronic Publ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mycronic Publ's price. Additionally, you may evaluate how the addition of Mycronic Publ to your portfolios can decrease your overall portfolio volatility.