Wonder Electricals Stock Forecast - Naive Prediction
| WEL Stock | 162.09 1.17 0.72% |
The Naive Prediction forecasted value of Wonder Electricals Limited on the next trading day is expected to be 150.74 with a mean absolute deviation of 5.64 and the sum of the absolute errors of 344.22. Wonder Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Wonder Electricals stock prices and determine the direction of Wonder Electricals Limited's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Wonder Electricals' historical fundamentals, such as revenue growth or operating cash flow patterns.
Wonder |
Wonder Electricals Naive Prediction Price Forecast For the 27th of December
Given 90 days horizon, the Naive Prediction forecasted value of Wonder Electricals Limited on the next trading day is expected to be 150.74 with a mean absolute deviation of 5.64, mean absolute percentage error of 46.63, and the sum of the absolute errors of 344.22.Please note that although there have been many attempts to predict Wonder 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 Wonder Electricals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Wonder Electricals Stock Forecast Pattern
| Backtest Wonder Electricals | Wonder Electricals Price Prediction | Buy or Sell Advice |
Wonder Electricals Forecasted Value
In the context of forecasting Wonder Electricals' 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. Wonder Electricals' downside and upside margins for the forecasting period are 146.81 and 154.66, respectively. We have considered Wonder Electricals' 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.
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 Wonder Electricals stock data series using in forecasting. Note that when a statistical model is used to represent Wonder Electricals 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 | 121.9527 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 5.6429 |
| MAPE | Mean absolute percentage error | 0.0381 |
| SAE | Sum of the absolute errors | 344.2188 |
Predictive Modules for Wonder Electricals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wonder Electricals. 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 Wonder Electricals
For every potential investor in Wonder, whether a beginner or expert, Wonder Electricals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wonder Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wonder. Basic forecasting techniques help filter out the noise by identifying Wonder Electricals' price trends.Wonder Electricals 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 Wonder Electricals stock to make a market-neutral strategy. Peer analysis of Wonder Electricals could also be used in its relative valuation, which is a method of valuing Wonder Electricals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wonder Electricals 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 Wonder Electricals' 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 Wonder Electricals' current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Wonder Electricals Market Strength Events
Market strength indicators help investors to evaluate how Wonder Electricals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wonder Electricals shares will generate the highest return on investment. By undertsting and applying Wonder Electricals stock market strength indicators, traders can identify Wonder Electricals Limited entry and exit signals to maximize returns.
| Accumulation Distribution | 127497.0 | |||
| Daily Balance Of Power | (0.08) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 166.93 | |||
| Day Typical Price | 165.32 | |||
| Price Action Indicator | (5.42) | |||
| Period Momentum Indicator | (1.17) |
Wonder Electricals Risk Indicators
The analysis of Wonder Electricals' 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 Wonder Electricals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wonder 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.
| Mean Deviation | 2.66 | |||
| Semi Deviation | 3.42 | |||
| Standard Deviation | 3.83 | |||
| Variance | 14.7 | |||
| Downside Variance | 13.55 | |||
| Semi Variance | 11.68 | |||
| Expected Short fall | (2.67) |
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.Other Information on Investing in Wonder Stock
Wonder Electricals financial ratios help investors to determine whether Wonder Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wonder with respect to the benefits of owning Wonder Electricals security.