LG Electronics Stock Forecast - 8 Period Moving Average
| LGLG Stock | EUR 15.00 0.10 0.67% |
The 8 Period Moving Average forecasted value of LG Electronics on the next trading day is expected to be 15.04 with a mean absolute deviation of 0.34 and the sum of the absolute errors of 18.61. LGLG Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast LG Electronics stock prices and determine the direction of LG Electronics's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of LG Electronics' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out fundamental analysis of LG Electronics to check your projections. LGLG |
Most investors in LG Electronics 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 LG Electronics' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets LG Electronics' price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for LG Electronics is based on an artificially constructed time series of LG Electronics daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. LG Electronics 8 Period Moving Average Price Forecast For the 8th of June
Given 90 days horizon, the 8 Period Moving Average forecasted value of LG Electronics on the next trading day is expected to be 15.04 with a mean absolute deviation of 0.34, mean absolute percentage error of 0.19, and the sum of the absolute errors of 18.61.Please note that although there have been many attempts to predict LGLG 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 LG Electronics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
LG Electronics Stock Forecast Pattern
LG Electronics Forecasted Value
In the context of forecasting LG Electronics' 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. LG Electronics' downside and upside margins for the forecasting period are 12.63 and 17.45, respectively. We have considered LG Electronics' 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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of LG Electronics stock data series using in forecasting. Note that when a statistical model is used to represent LG Electronics 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 | 103.5726 |
| Bias | Arithmetic mean of the errors | -0.0465 |
| MAD | Mean absolute deviation | 0.3447 |
| MAPE | Mean absolute percentage error | 0.024 |
| SAE | Sum of the absolute errors | 18.6125 |
Predictive Modules for LG Electronics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as LG Electronics. 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 LG Electronics' 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 LG Electronics
For every potential investor in LGLG, whether a beginner or expert, LG Electronics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. LGLG Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in LGLG. Basic forecasting techniques help filter out the noise by identifying LG Electronics' price trends.LG Electronics 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 LG Electronics stock to make a market-neutral strategy. Peer analysis of LG Electronics could also be used in its relative valuation, which is a method of valuing LG Electronics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
LG Electronics 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 LG Electronics' 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 LG Electronics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
LG Electronics Market Strength Events
Market strength indicators help investors to evaluate how LG Electronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading LG Electronics shares will generate the highest return on investment. By undertsting and applying LG Electronics stock market strength indicators, traders can identify LG Electronics entry and exit signals to maximize returns.
| Accumulation Distribution | 1.32 | |||
| Daily Balance Of Power | 1.0 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 15.05 | |||
| Day Typical Price | 15.03 | |||
| Market Facilitation Index | 5.0E-4 | |||
| Period Momentum Indicator | 0.1 |
LG Electronics Risk Indicators
The analysis of LG Electronics' 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 LG Electronics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lglg 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 | 1.64 | |||
| Semi Deviation | 1.92 | |||
| Standard Deviation | 2.38 | |||
| Variance | 5.67 | |||
| Downside Variance | 6.87 | |||
| Semi Variance | 3.7 | |||
| Expected Short fall | (2.24) |
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.
Pair Trading with LG Electronics
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 LG Electronics 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 LG Electronics will appreciate offsetting losses from the drop in the long position's value.Moving against LGLG Stock
The ability to find closely correlated positions to LG Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LG Electronics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back LG Electronics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling LG Electronics to buy it.
The correlation of LG Electronics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LG Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LG Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for LG Electronics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for LGLG Stock Analysis
When running LG Electronics' price analysis, check to measure LG Electronics' 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 LG Electronics is operating at the current time. Most of LG Electronics' value examination focuses on studying past and present price action to predict the probability of LG Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LG Electronics' price. Additionally, you may evaluate how the addition of LG Electronics to your portfolios can decrease your overall portfolio volatility.