SAS AB Stock Forecast - Naive Prediction
| SAS Stock | SEK 0.04 0.01 22.22% |
The Naive Prediction forecasted value of SAS AB on the next trading day is expected to be 0.06 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.31. SAS Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast SAS AB stock prices and determine the direction of SAS AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of SAS AB's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of SAS AB to cross-verify your projections. For more information on how to buy SAS Stock please use our How to Invest in SAS AB guide.SAS |
Most investors in SAS AB 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 SAS AB's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets SAS AB's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for SAS AB is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of SAS AB 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. SAS AB Naive Prediction Price Forecast For the 24th of May
Given 90 days horizon, the Naive Prediction forecasted value of SAS AB on the next trading day is expected to be 0.06 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.000057, and the sum of the absolute errors of 0.31.Please note that although there have been many attempts to predict SAS 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 SAS AB's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
SAS AB Stock Forecast Pattern
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SAS AB Forecasted Value
In the context of forecasting SAS AB'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. SAS AB's downside and upside margins for the forecasting period are 0.0004 and 17.11, respectively. We have considered SAS AB'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 SAS AB stock data series using in forecasting. Note that when a statistical model is used to represent SAS AB 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 | 108.3456 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0051 |
| MAPE | Mean absolute percentage error | 0.1489 |
| SAE | Sum of the absolute errors | 0.3092 |
Predictive Modules for SAS AB
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SAS AB. 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 SAS AB'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 SAS AB
For every potential investor in SAS, whether a beginner or expert, SAS AB's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SAS Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SAS. Basic forecasting techniques help filter out the noise by identifying SAS AB's price trends.SAS AB 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 SAS AB stock to make a market-neutral strategy. Peer analysis of SAS AB could also be used in its relative valuation, which is a method of valuing SAS AB by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SAS AB 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 SAS AB'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 SAS AB's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
SAS AB Market Strength Events
Market strength indicators help investors to evaluate how SAS AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SAS AB shares will generate the highest return on investment. By undertsting and applying SAS AB stock market strength indicators, traders can identify SAS AB entry and exit signals to maximize returns.
| Accumulation Distribution | 307 M | |||
| Daily Balance Of Power | (0.50) | |||
| Rate Of Daily Change | 0.78 | |||
| Day Median Price | 0.052 | |||
| Day Typical Price | 0.0486 | |||
| Price Action Indicator | (0.02) | |||
| Period Momentum Indicator | (0.01) |
SAS AB Risk Indicators
The analysis of SAS AB'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 SAS AB's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sas 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 | 9.27 | |||
| Semi Deviation | 8.1 | |||
| Standard Deviation | 16.11 | |||
| Variance | 259.57 | |||
| Downside Variance | 103.3 | |||
| Semi Variance | 65.54 | |||
| Expected Short fall | (11.84) |
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 SAS AB
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 SAS AB 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 SAS AB will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SAS AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SAS AB 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 SAS AB - 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 SAS AB to buy it.
The correlation of SAS AB 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 SAS AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SAS AB 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 SAS AB 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.Check out Historical Fundamental Analysis of SAS AB to cross-verify your projections. For more information on how to buy SAS Stock please use our How to Invest in SAS AB guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for SAS Stock analysis
When running SAS AB's price analysis, check to measure SAS AB'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 SAS AB is operating at the current time. Most of SAS AB's value examination focuses on studying past and present price action to predict the probability of SAS AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SAS AB's price. Additionally, you may evaluate how the addition of SAS AB to your portfolios can decrease your overall portfolio volatility.
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