Sino Horizon Stock Forecast - Naive Prediction
| 2923 Stock | TWD 30.80 1.65 5.66% |
The Naive Prediction forecasted value of Sino Horizon Holdings on the next trading day is expected to be 28.66 with a mean absolute deviation of 0.71 and the sum of the absolute errors of 43.34. Sino Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sino Horizon stock prices and determine the direction of Sino Horizon Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Sino Horizon's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Sino Horizon to cross-verify your projections. Sino |
Most investors in Sino Horizon cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Sino Horizon's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Sino Horizon's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Sino Horizon is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Sino Horizon Holdings 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. Sino Horizon Naive Prediction Price Forecast For the 3rd of June
Given 90 days horizon, the Naive Prediction forecasted value of Sino Horizon Holdings on the next trading day is expected to be 28.66 with a mean absolute deviation of 0.71, mean absolute percentage error of 0.88, and the sum of the absolute errors of 43.34.Please note that although there have been many attempts to predict Sino 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 Sino Horizon's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sino Horizon Stock Forecast Pattern
| Backtest Sino Horizon | Sino Horizon Price Prediction | Buy or Sell Advice |
Sino Horizon Forecasted Value
In the context of forecasting Sino Horizon'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. Sino Horizon's downside and upside margins for the forecasting period are 25.46 and 31.87, respectively. We have considered Sino Horizon'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.
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 Sino Horizon stock data series using in forecasting. Note that when a statistical model is used to represent Sino Horizon 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 | 117.9793 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.7105 |
| MAPE | Mean absolute percentage error | 0.0263 |
| SAE | Sum of the absolute errors | 43.341 |
Predictive Modules for Sino Horizon
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sino Horizon Holdings. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sino Horizon's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Sino Horizon
For every potential investor in Sino, whether a beginner or expert, Sino Horizon's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sino Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sino. Basic forecasting techniques help filter out the noise by identifying Sino Horizon's price trends.Sino Horizon 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 Sino Horizon stock to make a market-neutral strategy. Peer analysis of Sino Horizon could also be used in its relative valuation, which is a method of valuing Sino Horizon by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sino Horizon Holdings 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 Sino Horizon'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 Sino Horizon's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Sino Horizon Market Strength Events
Market strength indicators help investors to evaluate how Sino Horizon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sino Horizon shares will generate the highest return on investment. By undertsting and applying Sino Horizon stock market strength indicators, traders can identify Sino Horizon Holdings entry and exit signals to maximize returns.
Sino Horizon Risk Indicators
The analysis of Sino Horizon'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 Sino Horizon's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sino 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 | 2.25 | |||
| Semi Deviation | 2.24 | |||
| Standard Deviation | 3.17 | |||
| Variance | 10.04 | |||
| Downside Variance | 6.79 | |||
| Semi Variance | 5.0 | |||
| Expected Short fall | (2.90) |
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.Check out Historical Fundamental Analysis of Sino Horizon to cross-verify your projections. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Sino Stock analysis
When running Sino Horizon's price analysis, check to measure Sino Horizon'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 Sino Horizon is operating at the current time. Most of Sino Horizon's value examination focuses on studying past and present price action to predict the probability of Sino Horizon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sino Horizon's price. Additionally, you may evaluate how the addition of Sino Horizon to your portfolios can decrease your overall portfolio volatility.
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