Transimex Saigon Stock Forecast - Naive Prediction
| TMS Stock | 42,000 100.00 0.24% |
Transimex |
Transimex Saigon Naive Prediction Price Forecast For the 21st of January
Given 90 days horizon, the Naive Prediction forecasted value of Transimex Saigon Corp on the next trading day is expected to be 41,251 with a mean absolute deviation of 601.53, mean absolute percentage error of 632,365, and the sum of the absolute errors of 36,693.Please note that although there have been many attempts to predict Transimex 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 Transimex Saigon's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Transimex Saigon Stock Forecast Pattern
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 Transimex Saigon stock data series using in forecasting. Note that when a statistical model is used to represent Transimex Saigon 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 | 131.4677 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 601.5304 |
| MAPE | Mean absolute percentage error | 0.0138 |
| SAE | Sum of the absolute errors | 36693.3553 |
Predictive Modules for Transimex Saigon
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Transimex Saigon 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.Transimex Saigon 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 Transimex Saigon stock to make a market-neutral strategy. Peer analysis of Transimex Saigon could also be used in its relative valuation, which is a method of valuing Transimex Saigon by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Transimex Saigon Market Strength Events
Market strength indicators help investors to evaluate how Transimex Saigon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Transimex Saigon shares will generate the highest return on investment. By undertsting and applying Transimex Saigon stock market strength indicators, traders can identify Transimex Saigon Corp entry and exit signals to maximize returns.
Pair Trading with Transimex Saigon
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 Transimex Saigon 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 Transimex Saigon will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Transimex Saigon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Transimex Saigon 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 Transimex Saigon - 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 Transimex Saigon Corp to buy it.
The correlation of Transimex Saigon 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 Transimex Saigon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transimex Saigon Corp 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 Transimex Saigon 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.