THOMAS WYATT Stock Forecast - Naive Prediction
| THOMASWY | 1.90 0.18 8.65% |
THOMAS |
THOMAS WYATT Naive Prediction Price Forecast For the 9th of January
Given 90 days horizon, the Naive Prediction forecasted value of THOMAS WYATT NIGERIA on the next trading day is expected to be 2.00 with a mean absolute deviation of 0.05, mean absolute percentage error of 0, and the sum of the absolute errors of 3.06.Please note that although there have been many attempts to predict THOMAS 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 THOMAS WYATT's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
THOMAS WYATT Stock Forecast Pattern
THOMAS WYATT Forecasted Value
In the context of forecasting THOMAS WYATT'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. THOMAS WYATT's downside and upside margins for the forecasting period are 0.02 and 6.33, respectively. We have considered THOMAS WYATT'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 THOMAS WYATT stock data series using in forecasting. Note that when a statistical model is used to represent THOMAS WYATT 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 | 112.6199 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0502 |
| MAPE | Mean absolute percentage error | 0.0272 |
| SAE | Sum of the absolute errors | 3.0639 |
Predictive Modules for THOMAS WYATT
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as THOMAS WYATT NIGERIA. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as THOMAS WYATT. Your research has to be compared to or analyzed against THOMAS WYATT's peers to derive any actionable benefits. When done correctly, THOMAS WYATT's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in THOMAS WYATT NIGERIA.Other Forecasting Options for THOMAS WYATT
For every potential investor in THOMAS, whether a beginner or expert, THOMAS WYATT's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. THOMAS Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in THOMAS. Basic forecasting techniques help filter out the noise by identifying THOMAS WYATT's price trends.THOMAS WYATT 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 THOMAS WYATT stock to make a market-neutral strategy. Peer analysis of THOMAS WYATT could also be used in its relative valuation, which is a method of valuing THOMAS WYATT by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
THOMAS WYATT NIGERIA 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 THOMAS WYATT'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 THOMAS WYATT's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
THOMAS WYATT Market Strength Events
Market strength indicators help investors to evaluate how THOMAS WYATT stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading THOMAS WYATT shares will generate the highest return on investment. By undertsting and applying THOMAS WYATT stock market strength indicators, traders can identify THOMAS WYATT NIGERIA entry and exit signals to maximize returns.
THOMAS WYATT Risk Indicators
The analysis of THOMAS WYATT'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 THOMAS WYATT's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thomas 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 | 1.86 | |||
| Semi Deviation | 3.06 | |||
| Standard Deviation | 4.06 | |||
| Variance | 16.51 | |||
| Downside Variance | 75.28 | |||
| Semi Variance | 9.39 | |||
| Expected Short fall | (6.84) |
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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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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Additional Tools for THOMAS Stock Analysis
When running THOMAS WYATT's price analysis, check to measure THOMAS WYATT'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 THOMAS WYATT is operating at the current time. Most of THOMAS WYATT's value examination focuses on studying past and present price action to predict the probability of THOMAS WYATT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move THOMAS WYATT's price. Additionally, you may evaluate how the addition of THOMAS WYATT to your portfolios can decrease your overall portfolio volatility.