Egyptian Gulf Stock Forecast - Naive Prediction

EGBE Stock   0.27  0.00  0.00%   
The Naive Prediction forecasted value of Egyptian Gulf Bank on the next trading day is expected to be 0.27 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.28. Investors can use prediction functions to forecast Egyptian Gulf's stock prices and determine the direction of Egyptian Gulf Bank's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Egyptian Gulf's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
A naive forecasting model for Egyptian Gulf is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Egyptian Gulf Bank 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.

Egyptian Gulf Naive Prediction Price Forecast For the 16th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Egyptian Gulf Bank on the next trading day is expected to be 0.27 with a mean absolute deviation of 0, mean absolute percentage error of 0.000042, and the sum of the absolute errors of 0.28.
Please note that although there have been many attempts to predict Egyptian 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 Egyptian Gulf's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Egyptian Gulf Stock Forecast Pattern

Egyptian Gulf Forecasted Value

In the context of forecasting Egyptian Gulf'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. Egyptian Gulf's downside and upside margins for the forecasting period are 0 and 2.38, respectively. We have considered Egyptian Gulf'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
0.27
0.27
Expected Value
2.38
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 Egyptian Gulf stock data series using in forecasting. Note that when a statistical model is used to represent Egyptian Gulf 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 Criteria108.0316
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0046
MAPEMean absolute percentage error0.0169
SAESum of the absolute errors0.2829
This model is not at all useful as a medium-long range forecasting tool of Egyptian Gulf Bank. 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 Egyptian Gulf. 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 Egyptian Gulf

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Egyptian Gulf Bank. 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 Egyptian Gulf

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

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

Egyptian Gulf Bank 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 Egyptian Gulf'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 Egyptian Gulf's current price.

Egyptian Gulf Market Strength Events

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

Egyptian Gulf Risk Indicators

The analysis of Egyptian Gulf'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 Egyptian Gulf's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting egyptian 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.

Also Currently Popular

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.