BASF SE Stock Forecast - Naive Prediction

BAS -  Germany Stock  

EUR 67.02  0.49  0.74%

BASF SE Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BASF SE historical stock prices and determine the direction of BASF SE NA's 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 BASF SE historical fundamentals such as revenue growth or operating cash flow patterns.
Continue to Historical Fundamental Analysis of BASF SE to cross-verify your projections.

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Most investors in BASF SE 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 BASF SE's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets BASF SE's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for BASF SE is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of BASF SE NA 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.

BASF SE Naive Prediction Price Forecast For the 27th of July

Given 90 days horizon, the Naive Prediction forecasted value of BASF SE NA on the next trading day is expected to be 65.97 with a mean absolute deviation of 0.94, mean absolute percentage error of 1.22, and the sum of the absolute errors of 57.33. Please note that although there have been many attempts to predict BASF SE 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 BASF SE's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

BASF SE Stock Forecast Pattern

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BASF SE Forecasted Value

In the context of forecasting BASF SE'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. BASF SE's downside and upside margins for the forecasting period are 64.44 and 67.49, respectively. We have considered BASF SE'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
67.02
26th of July 2021
65.97
Expected Value
67.49
Upside

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 BASF SE stock data series using in forecasting. Note that when a statistical model is used to represent BASF SE 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 Criteria118.3089
BiasArithmetic mean of the errors None
MADMean absolute deviation0.9398
MAPEMean absolute percentage error0.0139
SAESum of the absolute errors57.3272
This model is not at all useful as a medium-long range forecasting tool of BASF SE NA. 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 BASF SE. 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 BASF SE

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BASF SE NA. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of BASF SE'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. Please use the tools below to analyze the current value of BASF SE in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
65.5067.0268.54
Details
Intrinsic
Valuation
LowReal ValueHigh
65.9667.4869.00
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
64.5666.5968.63
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BASF SE. Your research has to be compared to or analyzed against BASF SE's peers to derive any actionable benefits. When done correctly, BASF SE's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in BASF SE NA.

Other Forecasting Options for BASF SE

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

View Currently 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 BASF SE stock to make a market-neutral strategy. Peer analysis of BASF SE could also be used in its relative valuation, which is a method of valuing BASF SE by comparing valuation metrics with similar companies.

BASF SE NA 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 BASF SE'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 BASF SE's current price.

BASF SE Risk Indicators

The analysis of BASF SE's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in BASF SE's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting BASF SE stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in BASF SE without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with BASF SE

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 BASF SE 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 BASF SE will appreciate offsetting losses from the drop in the long position's value.

BASF SE Pair Correlation

Equities Pair Trading Analysis

Continue to Historical Fundamental Analysis of BASF SE to cross-verify your projections. Note that the BASF SE NA information on this page should be used as a complementary analysis to other BASF SE'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 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.

Other Tools for BASF SE Stock

When running BASF SE NA price analysis, check to measure BASF SE'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 BASF SE is operating at the current time. Most of BASF SE's value examination focuses on studying past and present price action to predict the probability of BASF SE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BASF SE's price. Additionally, you may evaluate how the addition of BASF SE to your portfolios can decrease your overall portfolio volatility.
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