>

Dr Reddys Stock Forecast - 8 Period Moving Average

<div class='circular--portrait' style='background:#754DEB;color: white;font-size:4em;padding-top: 25px;;'>DR</div>
RDY -- USA Stock  

USD 44.80  0.75  1.70%

Investors can use this prediction interface to forecast Dr Reddys historic stock prices and determine the direction of Dr Reddys Laboratories Ltd future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Dr Reddys historical fundamentals such as revenue growth or operating cash flow patterns. Additionally take a look at Historical Fundamental Analysis of Dr Reddys to cross-verify your projections.
Equity
Refresh
An 8-period moving average forecast model for Dr Reddys is based on an artificially constructed time series of Dr Reddys 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.
Given 30 days horizon, the value of Dr Reddys Laboratories Ltd on the next trading day is expected to be 45.06625

Dr Reddys Stock Forecast Pattern

Backtest Dr Reddys | Dr Reddys Price Prediction | Buy or Sell Advice 

Dr Reddys Forecasted Value

Market Value
44.80
February 23, 2020
45.07
Expected Value
49.34
Upside

Model Predictive Factors

AICAkaike Information Criteria102.868
BiasArithmetic mean of the errors -0.3873
MADMean absolute deviation0.5686
MAPEMean absolute percentage error0.0132
SAESum of the absolute errors30.1375
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Dr Reddys Laboratories Ltd 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Volatility Measures

Dr Reddys Risk Indicators

Current Sentiment - RDY

Dr Reddys Laboratories Investor Sentiment

Greater number of Macroaxis users are at this time bullish on Dr Reddys Laboratories Ltd. What is your opinion about investing in Dr Reddys Laboratories Ltd? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
Skip

Currently Active Assets on Macroaxis

DUK   
Purchased few shares of
few hours ago
Traded for 101.43
LHCG   
Purchased few shares of
few hours ago
Traded for 157.42
LSCC   
Purchased over 100 shares of
few hours ago
Traded for 19.19
VERU   
Purchased over 500 shares of
few hours ago
Traded for 4.58
AMD   
Purchased over 70 shares of
few hours ago
Traded for 57.27
Additionally take a look at Historical Fundamental Analysis of Dr Reddys to cross-verify your projections. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.