Sciplay Corp Stock Forecast - Naive Prediction
| SCPLDelisted Stock | USD 19.49 0.02 0.10% |
The Naive Prediction forecasted value of Sciplay Corp on the next trading day is expected to be 18.91 with a mean absolute deviation of 0.34 and the sum of the absolute errors of 20.76. Sciplay Stock Forecast is based on your current time horizon.
Sciplay |
Sciplay Corp Naive Prediction Price Forecast For the 13th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Sciplay Corp on the next trading day is expected to be 18.91 with a mean absolute deviation of 0.34, mean absolute percentage error of 0.36, and the sum of the absolute errors of 20.76.Please note that although there have been many attempts to predict Sciplay 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 Sciplay Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sciplay Corp Stock Forecast Pattern
| Backtest Sciplay Corp | Sciplay Corp Price Prediction | Buy or Sell Advice |
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 Sciplay Corp stock data series using in forecasting. Note that when a statistical model is used to represent Sciplay Corp 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 | 117.077 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3403 |
| MAPE | Mean absolute percentage error | 0.0191 |
| SAE | Sum of the absolute errors | 20.7557 |
Predictive Modules for Sciplay Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sciplay Corp. 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.Sciplay Corp 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 Sciplay Corp stock to make a market-neutral strategy. Peer analysis of Sciplay Corp could also be used in its relative valuation, which is a method of valuing Sciplay Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sciplay Corp Market Strength Events
Market strength indicators help investors to evaluate how Sciplay Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sciplay Corp shares will generate the highest return on investment. By undertsting and applying Sciplay Corp stock market strength indicators, traders can identify Sciplay Corp entry and exit signals to maximize returns.
Sciplay Corp Risk Indicators
The analysis of Sciplay Corp'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 Sciplay Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sciplay 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 | 1.25 | |||
| Semi Deviation | 1.22 | |||
| Standard Deviation | 3.54 | |||
| Variance | 12.54 | |||
| Downside Variance | 2.36 | |||
| Semi Variance | 1.48 | |||
| Expected Short fall | (1.78) |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Other Consideration for investing in Sciplay Stock
If you are still planning to invest in Sciplay Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sciplay Corp's history and understand the potential risks before investing.
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |