Niraj Ispat Stock Forecast - Simple Moving Average
| NIRAJISPAT | 214.42 0.00 0.00% |
The Simple Moving Average forecasted value of Niraj Ispat Industries on the next trading day is expected to be 214.42 with a mean absolute deviation of 0.74 and the sum of the absolute errors of 43.39. Niraj Stock Forecast is based on your current time horizon.
Niraj |
Niraj Ispat Simple Moving Average Price Forecast For the 5th of December
Given 90 days horizon, the Simple Moving Average forecasted value of Niraj Ispat Industries on the next trading day is expected to be 214.42 with a mean absolute deviation of 0.74, mean absolute percentage error of 12.72, and the sum of the absolute errors of 43.39.Please note that although there have been many attempts to predict Niraj 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 Niraj Ispat's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Niraj Ispat Stock Forecast Pattern
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Niraj Ispat Forecasted Value
In the context of forecasting Niraj Ispat'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. Niraj Ispat's downside and upside margins for the forecasting period are 213.01 and 215.83, respectively. We have considered Niraj Ispat'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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Niraj Ispat stock data series using in forecasting. Note that when a statistical model is used to represent Niraj Ispat 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 | 116.9779 |
| Bias | Arithmetic mean of the errors | -0.7274 |
| MAD | Mean absolute deviation | 0.7355 |
| MAPE | Mean absolute percentage error | 0.0035 |
| SAE | Sum of the absolute errors | 43.395 |
Predictive Modules for Niraj Ispat
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Niraj Ispat Industries. 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 Niraj Ispat
For every potential investor in Niraj, whether a beginner or expert, Niraj Ispat's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Niraj Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Niraj. Basic forecasting techniques help filter out the noise by identifying Niraj Ispat's price trends.Niraj Ispat 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 Niraj Ispat stock to make a market-neutral strategy. Peer analysis of Niraj Ispat could also be used in its relative valuation, which is a method of valuing Niraj Ispat by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Niraj Ispat Industries 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 Niraj Ispat'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 Niraj Ispat's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Niraj Ispat Market Strength Events
Market strength indicators help investors to evaluate how Niraj Ispat stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Niraj Ispat shares will generate the highest return on investment. By undertsting and applying Niraj Ispat stock market strength indicators, traders can identify Niraj Ispat Industries entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 214.42 | |||
| Day Typical Price | 214.42 | |||
| Relative Strength Index | 99.65 |
Niraj Ispat Risk Indicators
The analysis of Niraj Ispat'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 Niraj Ispat's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting niraj 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 | 0.4434 | |||
| Standard Deviation | 1.42 | |||
| Variance | 2.02 |
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.Additional Tools for Niraj Stock Analysis
When running Niraj Ispat's price analysis, check to measure Niraj Ispat'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 Niraj Ispat is operating at the current time. Most of Niraj Ispat's value examination focuses on studying past and present price action to predict the probability of Niraj Ispat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Niraj Ispat's price. Additionally, you may evaluate how the addition of Niraj Ispat to your portfolios can decrease your overall portfolio volatility.