Westag Getalit Preferred Stock Forecast - Naive Prediction

WUG3 Preferred Stock   24.20  0.20  0.83%   
The Naive Prediction forecasted value of Westag Getalit AG on the next trading day is expected to be 24.37 with a mean absolute deviation of 0.29 and the sum of the absolute errors of 17.56. Westag Preferred Stock Forecast is based on your current time horizon.
  
A naive forecasting model for Westag Getalit is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Westag Getalit AG value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Westag Getalit Naive Prediction Price Forecast For the 21st of December

Given 90 days horizon, the Naive Prediction forecasted value of Westag Getalit AG on the next trading day is expected to be 24.37 with a mean absolute deviation of 0.29, mean absolute percentage error of 0.23, and the sum of the absolute errors of 17.56.
Please note that although there have been many attempts to predict Westag Preferred 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 Westag Getalit's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Westag Getalit Preferred Stock Forecast Pattern

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Westag Getalit Forecasted Value

In the context of forecasting Westag Getalit's Preferred 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. Westag Getalit's downside and upside margins for the forecasting period are 22.03 and 26.70, respectively. We have considered Westag Getalit'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
24.20
24.37
Expected Value
26.70
Upside

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 Westag Getalit preferred stock data series using in forecasting. Note that when a statistical model is used to represent Westag Getalit preferred 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 Criteria116.6539
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2878
MAPEMean absolute percentage error0.0112
SAESum of the absolute errors17.5557
This model is not at all useful as a medium-long range forecasting tool of Westag Getalit AG. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Westag Getalit. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Westag Getalit

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Westag Getalit AG. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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
21.8724.2026.53
Details
Intrinsic
Valuation
LowRealHigh
18.8421.1726.62
Details
Bollinger
Band Projection (param)
LowMiddleHigh
23.2424.1024.96
Details

Other Forecasting Options for Westag Getalit

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

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

Westag Getalit AG Technical and Predictive Analytics

The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Westag Getalit'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 Westag Getalit's current price.

Westag Getalit Market Strength Events

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

Westag Getalit Risk Indicators

The analysis of Westag Getalit'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 Westag Getalit's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting westag preferred 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

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Westag Preferred Stock Analysis

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