WiseTech Global Stock Forecast - 4 Period Moving Average

WTC Stock   121.33  2.07  1.74%   
The 4 Period Moving Average forecasted value of WiseTech Global Limited on the next trading day is expected to be 120.96 with a mean absolute deviation of 4.59 and the sum of the absolute errors of 261.44. WiseTech Stock Forecast is based on your current time horizon.
  
At this time, WiseTech Global's Cash is comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 2.6 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 331.2 M in 2024.
A four-period moving average forecast model for WiseTech Global Limited is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

WiseTech Global 4 Period Moving Average Price Forecast For the 24th of December

Given 90 days horizon, the 4 Period Moving Average forecasted value of WiseTech Global Limited on the next trading day is expected to be 120.96 with a mean absolute deviation of 4.59, mean absolute percentage error of 38.89, and the sum of the absolute errors of 261.44.
Please note that although there have been many attempts to predict WiseTech 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 WiseTech Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

WiseTech Global Stock Forecast Pattern

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WiseTech Global Forecasted Value

In the context of forecasting WiseTech Global'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. WiseTech Global's downside and upside margins for the forecasting period are 117.54 and 124.37, respectively. We have considered WiseTech Global'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
121.33
117.54
Downside
120.96
Expected Value
124.37
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of WiseTech Global stock data series using in forecasting. Note that when a statistical model is used to represent WiseTech Global 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 Criteria114.4198
BiasArithmetic mean of the errors 0.6404
MADMean absolute deviation4.5866
MAPEMean absolute percentage error0.0384
SAESum of the absolute errors261.4375
The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of WiseTech Global. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for WiseTech Global Limited and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for WiseTech Global

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as WiseTech Global. 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
117.91121.30124.69
Details
Intrinsic
Valuation
LowRealHigh
97.61101.00133.46
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.260.280.30
Details

Other Forecasting Options for WiseTech Global

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

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

WiseTech Global 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 WiseTech Global'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 WiseTech Global's current price.

WiseTech Global Market Strength Events

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

WiseTech Global Risk Indicators

The analysis of WiseTech Global'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 WiseTech Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wisetech 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.

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for WiseTech Stock Analysis

When running WiseTech Global's price analysis, check to measure WiseTech Global'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 WiseTech Global is operating at the current time. Most of WiseTech Global's value examination focuses on studying past and present price action to predict the probability of WiseTech Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WiseTech Global's price. Additionally, you may evaluate how the addition of WiseTech Global to your portfolios can decrease your overall portfolio volatility.