Tropical Canning Stock Forecast - Naive Prediction
| TC Stock | THB 7.10 0.25 3.40% |
The Naive Prediction forecasted value of Tropical Canning Public on the next trading day is expected to be 7.59 with a mean absolute deviation of 0.12 and the sum of the absolute errors of 7.27. Tropical Stock Forecast is based on your current time horizon.
Tropical |
Tropical Canning Naive Prediction Price Forecast For the 13th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Tropical Canning Public on the next trading day is expected to be 7.59 with a mean absolute deviation of 0.12, mean absolute percentage error of 0.02, and the sum of the absolute errors of 7.27.Please note that although there have been many attempts to predict Tropical 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 Tropical Canning's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Tropical Canning Stock Forecast Pattern
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Tropical Canning Forecasted Value
In the context of forecasting Tropical Canning'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. Tropical Canning's downside and upside margins for the forecasting period are 5.78 and 9.41, respectively. We have considered Tropical Canning'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Tropical Canning stock data series using in forecasting. Note that when a statistical model is used to represent Tropical Canning 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 | 114.3564 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1192 |
| MAPE | Mean absolute percentage error | 0.0154 |
| SAE | Sum of the absolute errors | 7.2719 |
Predictive Modules for Tropical Canning
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tropical Canning 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 Tropical Canning
For every potential investor in Tropical, whether a beginner or expert, Tropical Canning's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tropical Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tropical. Basic forecasting techniques help filter out the noise by identifying Tropical Canning's price trends.Tropical Canning 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 Tropical Canning stock to make a market-neutral strategy. Peer analysis of Tropical Canning could also be used in its relative valuation, which is a method of valuing Tropical Canning by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Tropical Canning 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 Tropical Canning'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 Tropical Canning's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Tropical Canning Market Strength Events
Market strength indicators help investors to evaluate how Tropical Canning stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tropical Canning shares will generate the highest return on investment. By undertsting and applying Tropical Canning stock market strength indicators, traders can identify Tropical Canning Public entry and exit signals to maximize returns.
Tropical Canning Risk Indicators
The analysis of Tropical Canning'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 Tropical Canning's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tropical 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 | 1.29 | |||
| Standard Deviation | 1.79 | |||
| Variance | 3.2 |
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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Tropical Canning financial ratios help investors to determine whether Tropical 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 Tropical with respect to the benefits of owning Tropical Canning security.