Protech Mitra Stock Forecast - Naive Prediction

OASA Stock  IDR 121.00  4.00  3.42%   
The Naive Prediction forecasted value of Protech Mitra Perkasa on the next trading day is expected to be 121.75 with a mean absolute deviation of 4.21 and the sum of the absolute errors of 256.83. Protech Stock Forecast is based on your current time horizon.
  
A naive forecasting model for Protech Mitra is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Protech Mitra Perkasa value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Protech Mitra Naive Prediction Price Forecast For the 15th of March 2025

Given 90 days horizon, the Naive Prediction forecasted value of Protech Mitra Perkasa on the next trading day is expected to be 121.75 with a mean absolute deviation of 4.21, mean absolute percentage error of 25.88, and the sum of the absolute errors of 256.83.
Please note that although there have been many attempts to predict Protech 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 Protech Mitra's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Protech Mitra Stock Forecast Pattern

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Protech Mitra Forecasted Value

In the context of forecasting Protech Mitra'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. Protech Mitra's downside and upside margins for the forecasting period are 118.64 and 124.86, respectively. We have considered Protech Mitra'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
121.00
118.64
Downside
121.75
Expected Value
124.86
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Protech Mitra stock data series using in forecasting. Note that when a statistical model is used to represent Protech Mitra 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 Criteria121.3639
BiasArithmetic mean of the errors None
MADMean absolute deviation4.2103
MAPEMean absolute percentage error0.0308
SAESum of the absolute errors256.8304
This model is not at all useful as a medium-long range forecasting tool of Protech Mitra Perkasa. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Protech Mitra. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Protech Mitra

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Protech Mitra Perkasa. 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
115.94119.00122.06
Details
Intrinsic
Valuation
LowRealHigh
103.41106.47130.90
Details

Other Forecasting Options for Protech Mitra

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

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

Protech Mitra Perkasa 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 Protech Mitra'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 Protech Mitra's current price.

Protech Mitra Market Strength Events

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

Protech Mitra Risk Indicators

The analysis of Protech Mitra'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 Protech Mitra's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting protech 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.

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Other Information on Investing in Protech Stock

Protech Mitra financial ratios help investors to determine whether Protech 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 Protech with respect to the benefits of owning Protech Mitra security.