Straits Tms Index Forecast - Naive Prediction

ST
STI -- Singapore Index  

 2,521  1.47  0.06%

Straits Tms Index Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Straits Tms historical stock prices and determine the direction of Straits Tms future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Straits Tms historical fundamentals such as revenue growth or operating cash flow patterns. Check out fundamental analysis of Straits Tms to check your projections.

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

Straits Tms Naive Prediction Price Forecast For the 29th of May

Given 30 days horizon, the forecasted value of Straits Tms on the next trading day is expected to be  2,612  with a mean absolute deviation of  54.97 , mean absolute percentage error of  4,810 , and the sum of the absolute errors of  3,353 
 2,612 

Straits Tms Index Forecast Pattern

Straits Tms Forecasted Value

Market Value
2,521
28th of May 2020
2,612
Expected Value
2,615
Upside

Model Predictive Factors

AICAkaike Information Criteria126.5889
BiasArithmetic mean of the errors None
MADMean absolute deviation54.9665
MAPEMean absolute percentage error0.0214
SAESum of the absolute errors3352.9555
This model is not at all useful as a medium-long range forecasting tool of Straits Tms. 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 Straits Tms. 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 Straits Tms

There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Straits Tms. 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.
Hype
Prediction
LowEstimated ValueHigh
2,5182,5212,523
Details
Intrinsic
Valuation
LowReal ValueHigh
2,1152,1182,773
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2,4942,5572,619
Details

Other Forecasting Options for Straits Tms

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Straits Tms Technical and Predictive Analytics

Straits Tms Market Strength Events

Volatility Measures

Straits Tms Risk Indicators

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Check out fundamental analysis of Straits Tms to check your projections. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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