Indofood Cbp Stock Forecast - Naive Prediction
| ICBP Stock | IDR 10,175 250.00 2.52% |
The Naive Prediction forecasted value of Indofood Cbp Sukses on the next trading day is expected to be 9,498 with a mean absolute deviation of 198.00 and the sum of the absolute errors of 12,078. Indofood Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Indofood Cbp stock prices and determine the direction of Indofood Cbp Sukses's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Indofood Cbp's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Indofood Cbp to cross-verify your projections. Indofood |
Most investors in Indofood Cbp 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 Indofood Cbp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Indofood Cbp's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Indofood Cbp is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Indofood Cbp Sukses 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. Indofood Cbp Naive Prediction Price Forecast For the 26th of April
Given 90 days horizon, the Naive Prediction forecasted value of Indofood Cbp Sukses on the next trading day is expected to be 9,498 with a mean absolute deviation of 198.00, mean absolute percentage error of 64,300, and the sum of the absolute errors of 12,078.Please note that although there have been many attempts to predict Indofood 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 Indofood Cbp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Indofood Cbp Stock Forecast Pattern
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Indofood Cbp Forecasted Value
In the context of forecasting Indofood Cbp'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. Indofood Cbp's downside and upside margins for the forecasting period are 9,496 and 9,500, respectively. We have considered Indofood Cbp'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 Indofood Cbp stock data series using in forecasting. Note that when a statistical model is used to represent Indofood Cbp 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 | 129.1818 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 197.9951 |
| MAPE | Mean absolute percentage error | 0.0182 |
| SAE | Sum of the absolute errors | 12077.7036 |
Predictive Modules for Indofood Cbp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Indofood Cbp Sukses. 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 Indofood Cbp'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 Indofood Cbp
For every potential investor in Indofood, whether a beginner or expert, Indofood Cbp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Indofood Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Indofood. Basic forecasting techniques help filter out the noise by identifying Indofood Cbp's price trends.Indofood Cbp 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 Indofood Cbp stock to make a market-neutral strategy. Peer analysis of Indofood Cbp could also be used in its relative valuation, which is a method of valuing Indofood Cbp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Indofood Cbp Sukses 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 Indofood Cbp'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 Indofood Cbp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Indofood Cbp Market Strength Events
Market strength indicators help investors to evaluate how Indofood Cbp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Indofood Cbp shares will generate the highest return on investment. By undertsting and applying Indofood Cbp stock market strength indicators, traders can identify Indofood Cbp Sukses entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0293 | |||
| Daily Balance Of Power | 0.8333 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 10075.0 | |||
| Day Typical Price | 10108.33 | |||
| Market Facilitation Index | 300.0 | |||
| Price Action Indicator | 225.0 | |||
| Period Momentum Indicator | 250.0 | |||
| Relative Strength Index | 65.72 |
Indofood Cbp Risk Indicators
The analysis of Indofood Cbp'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 Indofood Cbp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting indofood 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 | 1.5 | |||
| Standard Deviation | 2.08 | |||
| Variance | 4.32 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Indofood Cbp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Indofood Cbp's short interest history, or implied volatility extrapolated from Indofood Cbp options trading.
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Complementary Tools for Indofood Stock analysis
When running Indofood Cbp's price analysis, check to measure Indofood Cbp'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 Indofood Cbp is operating at the current time. Most of Indofood Cbp's value examination focuses on studying past and present price action to predict the probability of Indofood Cbp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indofood Cbp's price. Additionally, you may evaluate how the addition of Indofood Cbp to your portfolios can decrease your overall portfolio volatility.
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