Gjensidige Forsikring Stock Forecast - 4 Period Moving Average
| GJF Stock | NOK 185.20 0.40 0.22% |
The 4 Period Moving Average forecasted value of Gjensidige Forsikring ASA on the next trading day is expected to be 185.25 with a mean absolute deviation of 2.26 and the sum of the absolute errors of 128.88. Gjensidige Stock Forecast is based on your current time horizon.
Gjensidige |
Most investors in Gjensidige Forsikring 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 Gjensidige Forsikring's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Gjensidige Forsikring's price structures and extracts relationships that further increase the generated results' accuracy.
A four-period moving average forecast model for Gjensidige Forsikring ASA is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility. Gjensidige Forsikring 4 Period Moving Average Price Forecast For the 10th of June
Given 90 days horizon, the 4 Period Moving Average forecasted value of Gjensidige Forsikring ASA on the next trading day is expected to be 185.25 with a mean absolute deviation of 2.26, mean absolute percentage error of 10.84, and the sum of the absolute errors of 128.88.Please note that although there have been many attempts to predict Gjensidige 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 Gjensidige Forsikring's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Gjensidige Forsikring Stock Forecast Pattern
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Gjensidige Forsikring Forecasted Value
In the context of forecasting Gjensidige Forsikring'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. Gjensidige Forsikring's downside and upside margins for the forecasting period are 183.51 and 186.99, respectively. We have considered Gjensidige Forsikring'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Gjensidige Forsikring stock data series using in forecasting. Note that when a statistical model is used to represent Gjensidige Forsikring 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 | 113.1424 |
| Bias | Arithmetic mean of the errors | -1.038 |
| MAD | Mean absolute deviation | 2.2611 |
| MAPE | Mean absolute percentage error | 0.0133 |
| SAE | Sum of the absolute errors | 128.8825 |
Predictive Modules for Gjensidige Forsikring
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gjensidige Forsikring ASA. 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 Gjensidige Forsikring'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 Gjensidige Forsikring
For every potential investor in Gjensidige, whether a beginner or expert, Gjensidige Forsikring's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Gjensidige Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Gjensidige. Basic forecasting techniques help filter out the noise by identifying Gjensidige Forsikring's price trends.Gjensidige Forsikring 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 Gjensidige Forsikring stock to make a market-neutral strategy. Peer analysis of Gjensidige Forsikring could also be used in its relative valuation, which is a method of valuing Gjensidige Forsikring by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Gjensidige Forsikring ASA 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 Gjensidige Forsikring'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 Gjensidige Forsikring's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Gjensidige Forsikring Market Strength Events
Market strength indicators help investors to evaluate how Gjensidige Forsikring stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gjensidige Forsikring shares will generate the highest return on investment. By undertsting and applying Gjensidige Forsikring stock market strength indicators, traders can identify Gjensidige Forsikring ASA entry and exit signals to maximize returns.
Gjensidige Forsikring Risk Indicators
The analysis of Gjensidige Forsikring'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 Gjensidige Forsikring's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gjensidige 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 | 1.03 | |||
| Semi Deviation | 1.2 | |||
| Standard Deviation | 1.66 | |||
| Variance | 2.76 | |||
| Downside Variance | 2.03 | |||
| Semi Variance | 1.44 | |||
| Expected Short fall | (1.22) |
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.
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Other Information on Investing in Gjensidige Stock
Gjensidige Forsikring financial ratios help investors to determine whether Gjensidige Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Gjensidige with respect to the benefits of owning Gjensidige Forsikring security.