Vietnam Airlines Stock Forecast - Naive Prediction

A naive forecasting model for Vietnam Airlines is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Vietnam Airlines JSC 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.

Vietnam Airlines Naive Prediction Price Forecast For the 16th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Vietnam Airlines JSC on the next trading day is expected to be 26,351 with a mean absolute deviation of 458.10, mean absolute percentage error of 348,026, and the sum of the absolute errors of 27,944.

Vietnam Airlines Stock Forecast Pattern

Vietnam Airlines Forecasted Value

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 Vietnam Airlines stock data series using in forecasting. Note that when a statistical model is used to represent Vietnam Airlines 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. This model is not at all useful as a medium-long range forecasting tool of Vietnam Airlines JSC. 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 Vietnam Airlines. 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 Vietnam Airlines

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Vietnam Airlines JSC. 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 Vietnam Airlines

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

Vietnam Airlines Related Equities

Risk & Return

Correlation

Vietnam Airlines JSC 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 Vietnam Airlines' 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 Vietnam Airlines' current price.

Vietnam Airlines Market Strength Events

Vietnam Airlines Risk Indicators

Pair Trading with Vietnam Airlines

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 Vietnam Airlines 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 Vietnam Airlines will appreciate offsetting losses from the drop in the long position's value.