A2Z Smart Stock Forecast - 8 Period Moving Average

AZ Stock  USD 0.60  0.14  30.43%   
The 8 Period Moving Average forecasted value of A2Z Smart Technologies on the next trading day is expected to be 0.62 with a mean absolute deviation of  0.11  and the sum of the absolute errors of 5.84. A2Z Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast A2Z Smart stock prices and determine the direction of A2Z Smart Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of A2Z Smart's historical fundamentals, such as revenue growth or operating cash flow patterns. Although A2Z Smart's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of A2Z Smart's systematic risk associated with finding meaningful patterns of A2Z Smart fundamentals over time.
Check out Historical Fundamental Analysis of A2Z Smart to cross-verify your projections.
  
At this time, A2Z Smart's Inventory Turnover is fairly stable compared to the past year. Asset Turnover is likely to rise to 0.70 in 2024, whereas Payables Turnover is likely to drop 1.73 in 2024. . Common Stock Shares Outstanding is likely to drop to about 18 M in 2024. Net Loss is likely to drop to about (17.3 M) in 2024.
Most investors in A2Z Smart 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 A2Z Smart's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets A2Z Smart's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for A2Z Smart is based on an artificially constructed time series of A2Z Smart 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.

A2Z Smart 8 Period Moving Average Price Forecast For the 29th of March

Given 90 days horizon, the 8 Period Moving Average forecasted value of A2Z Smart Technologies on the next trading day is expected to be 0.62 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 5.84.
Please note that although there have been many attempts to predict A2Z 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 A2Z Smart's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

A2Z Smart Stock Forecast Pattern

Backtest A2Z SmartA2Z Smart Price PredictionBuy or Sell Advice 

A2Z Smart Forecasted Value

In the context of forecasting A2Z Smart'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. A2Z Smart's downside and upside margins for the forecasting period are 0.01 and 8.63, respectively. We have considered A2Z Smart'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.
Market Value
0.60
0.62
Expected Value
8.63
Upside

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 A2Z Smart stock data series using in forecasting. Note that when a statistical model is used to represent A2Z Smart 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.
AICAkaike Information Criteria101.1189
BiasArithmetic mean of the errors 0.0473
MADMean absolute deviation0.1082
MAPEMean absolute percentage error0.1181
SAESum of the absolute errors5.8437
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. A2Z Smart Technologies 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for A2Z Smart

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as A2Z Smart Technologies. 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 A2Z Smart'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.
Hype
Prediction
LowEstimatedHigh
0.020.467.35
Details
Intrinsic
Valuation
LowRealHigh
0.336.5513.44
Details
1 Analysts
Consensus
LowTargetHigh
22.2424.4427.13
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as A2Z Smart. Your research has to be compared to or analyzed against A2Z Smart's peers to derive any actionable benefits. When done correctly, A2Z Smart's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in A2Z Smart Technologies.

Other Forecasting Options for A2Z Smart

For every potential investor in A2Z, whether a beginner or expert, A2Z Smart's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. A2Z Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in A2Z. Basic forecasting techniques help filter out the noise by identifying A2Z Smart's price trends.

A2Z Smart 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 A2Z Smart stock to make a market-neutral strategy. Peer analysis of A2Z Smart could also be used in its relative valuation, which is a method of valuing A2Z Smart by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

A2Z Smart Technologies 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 A2Z Smart'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 A2Z Smart's current price.

A2Z Smart Market Strength Events

Market strength indicators help investors to evaluate how A2Z Smart stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading A2Z Smart shares will generate the highest return on investment. By undertsting and applying A2Z Smart stock market strength indicators, traders can identify A2Z Smart Technologies entry and exit signals to maximize returns.

A2Z Smart Risk Indicators

The analysis of A2Z Smart'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 A2Z Smart's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting a2z 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.
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 A2Z Smart

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 A2Z Smart 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 A2Z Smart will appreciate offsetting losses from the drop in the long position's value.

Moving together with A2Z Stock

  0.63BA Boeing Fiscal Quarter End 31st of March 2024 PairCorr

Moving against A2Z Stock

  0.83ERJ Embraer SA ADR Sell-off TrendPairCorr
  0.66CW Curtiss-Wright Financial Report 1st of May 2024 PairCorr
  0.57EVTL Vertical AerospacePairCorr
  0.54GD General Dynamics Fiscal Quarter End 31st of March 2024 PairCorr
  0.48EH Ehang Holdings Buyout TrendPairCorr
The ability to find closely correlated positions to A2Z Smart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace A2Z Smart 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 A2Z Smart - 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 A2Z Smart Technologies to buy it.
The correlation of A2Z Smart 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 A2Z Smart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if A2Z Smart Technologies 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 A2Z Smart 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.
Pair CorrelationCorrelation Matching
When determining whether A2Z Smart Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of A2Z Smart's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of A2z Smart Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on A2z Smart Technologies Stock:
Check out Historical Fundamental Analysis of A2Z Smart to cross-verify your projections.
Note that the A2Z Smart Technologies information on this page should be used as a complementary analysis to other A2Z Smart's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for A2Z Stock analysis

When running A2Z Smart's price analysis, check to measure A2Z Smart'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 A2Z Smart is operating at the current time. Most of A2Z Smart's value examination focuses on studying past and present price action to predict the probability of A2Z Smart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move A2Z Smart's price. Additionally, you may evaluate how the addition of A2Z Smart to your portfolios can decrease your overall portfolio volatility.
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Is A2Z Smart's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of A2Z Smart. If investors know A2Z will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about A2Z Smart listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.66)
Revenue Per Share
0.425
Quarterly Revenue Growth
(0.02)
Return On Assets
(1.05)
Return On Equity
(8.30)
The market value of A2Z Smart Technologies is measured differently than its book value, which is the value of A2Z that is recorded on the company's balance sheet. Investors also form their own opinion of A2Z Smart's value that differs from its market value or its book value, called intrinsic value, which is A2Z Smart's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because A2Z Smart's market value can be influenced by many factors that don't directly affect A2Z Smart's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between A2Z Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if A2Z Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, A2Z Smart's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.