Netbay Public Stock Forecast - 8 Period Moving Average
| NETBAY Stock | THB 17.70 0.50 2.75% |
The 8 Period Moving Average forecasted value of Netbay Public on the next trading day is expected to be 18.05 with a mean absolute deviation of 0.76 and the sum of the absolute errors of 40.81. Netbay Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Netbay Public stock prices and determine the direction of Netbay Public's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Netbay Public's historical fundamentals, such as revenue growth or operating cash flow patterns.
Netbay |
Netbay Public 8 Period Moving Average Price Forecast For the 15th of December 2024
Given 90 days horizon, the 8 Period Moving Average forecasted value of Netbay Public on the next trading day is expected to be 18.05 with a mean absolute deviation of 0.76, mean absolute percentage error of 1.01, and the sum of the absolute errors of 40.81.Please note that although there have been many attempts to predict Netbay 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 Netbay Public's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Netbay Public Stock Forecast Pattern
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Netbay Public Forecasted Value
In the context of forecasting Netbay Public'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. Netbay Public's downside and upside margins for the forecasting period are 14.52 and 21.58, respectively. We have considered Netbay Public'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Netbay Public stock data series using in forecasting. Note that when a statistical model is used to represent Netbay Public 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 | 105.257 |
| Bias | Arithmetic mean of the errors | -0.0039 |
| MAD | Mean absolute deviation | 0.7558 |
| MAPE | Mean absolute percentage error | 0.0449 |
| SAE | Sum of the absolute errors | 40.8125 |
Predictive Modules for Netbay Public
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Netbay Public. 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 Netbay Public
For every potential investor in Netbay, whether a beginner or expert, Netbay Public's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Netbay Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Netbay. Basic forecasting techniques help filter out the noise by identifying Netbay Public's price trends.Netbay Public 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 Netbay Public stock to make a market-neutral strategy. Peer analysis of Netbay Public could also be used in its relative valuation, which is a method of valuing Netbay Public by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Netbay Public 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 Netbay Public'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 Netbay Public's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Netbay Public Market Strength Events
Market strength indicators help investors to evaluate how Netbay Public stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Netbay Public shares will generate the highest return on investment. By undertsting and applying Netbay Public stock market strength indicators, traders can identify Netbay Public entry and exit signals to maximize returns.
| Accumulation Distribution | 53455.74 | |||
| Daily Balance Of Power | (0.56) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 17.95 | |||
| Day Typical Price | 17.87 | |||
| Price Action Indicator | (0.50) | |||
| Period Momentum Indicator | (0.50) |
Netbay Public Risk Indicators
The analysis of Netbay Public'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 Netbay Public's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting netbay 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 | 2.25 | |||
| Semi Deviation | 2.08 | |||
| Standard Deviation | 3.45 | |||
| Variance | 11.89 | |||
| Downside Variance | 5.25 | |||
| Semi Variance | 4.34 | |||
| Expected Short fall | (3.44) |
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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Netbay Public financial ratios help investors to determine whether Netbay 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 Netbay with respect to the benefits of owning Netbay Public security.