Ngan Son Stock Forecast - Simple Regression
| NST Stock | 10,500 0.00 0.00% |
The Simple Regression forecasted value of Ngan Son JSC on the next trading day is expected to be 10,515 with a mean absolute deviation of 282.71 and the sum of the absolute errors of 17,245. Ngan Stock Forecast is based on your current time horizon.
Ngan |
Ngan Son Simple Regression Price Forecast For the 23rd of January
Given 90 days horizon, the Simple Regression forecasted value of Ngan Son JSC on the next trading day is expected to be 10,515 with a mean absolute deviation of 282.71, mean absolute percentage error of 118,372, and the sum of the absolute errors of 17,245.Please note that although there have been many attempts to predict Ngan 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 Ngan Son's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ngan Son Stock Forecast Pattern
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Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Ngan Son stock data series using in forecasting. Note that when a statistical model is used to represent Ngan Son 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 | 129.7921 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 282.7067 |
| MAPE | Mean absolute percentage error | 0.0265 |
| SAE | Sum of the absolute errors | 17245.1113 |
Predictive Modules for Ngan Son
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ngan Son JSC. 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.Ngan Son 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 Ngan Son stock to make a market-neutral strategy. Peer analysis of Ngan Son could also be used in its relative valuation, which is a method of valuing Ngan Son by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ngan Son Market Strength Events
Market strength indicators help investors to evaluate how Ngan Son stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ngan Son shares will generate the highest return on investment. By undertsting and applying Ngan Son stock market strength indicators, traders can identify Ngan Son JSC entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 10500.0 | |||
| Day Typical Price | 10500.0 |
Ngan Son Risk Indicators
The analysis of Ngan Son'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 Ngan Son's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ngan 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 | 2.45 | |||
| Semi Deviation | 3.21 | |||
| Standard Deviation | 3.51 | |||
| Variance | 12.33 | |||
| Downside Variance | 16.75 | |||
| Semi Variance | 10.29 | |||
| Expected Short fall | (3.12) |
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.
Pair Trading with Ngan Son
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ngan Son position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ngan Son will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ngan Son could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ngan Son when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ngan Son - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ngan Son JSC to buy it.
The correlation of Ngan Son is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ngan Son moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ngan Son JSC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ngan Son can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Ngan Stock
Ngan Son financial ratios help investors to determine whether Ngan 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 Ngan with respect to the benefits of owning Ngan Son security.