TuanChe ADR Stock Forecast - Naive Prediction
| TC Stock | USD 1.71 0.04 2.40% |
The Naive Prediction forecasted value of TuanChe ADR on the next trading day is expected to be 1.31 with a mean absolute deviation of 0.10 and the sum of the absolute errors of 6.27. TuanChe Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast TuanChe ADR stock prices and determine the direction of TuanChe ADR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of TuanChe ADR's historical fundamentals, such as revenue growth or operating cash flow patterns. Although TuanChe ADR's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of TuanChe ADR's systematic risk associated with finding meaningful patterns of TuanChe ADR fundamentals over time.
Check out Historical Fundamental Analysis of TuanChe ADR to cross-verify your projections. TuanChe |
Most investors in TuanChe ADR 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 TuanChe ADR's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets TuanChe ADR's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for TuanChe ADR is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of TuanChe ADR 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. TuanChe ADR Naive Prediction Price Forecast For the 25th of April
Given 90 days horizon, the Naive Prediction forecasted value of TuanChe ADR on the next trading day is expected to be 1.31 with a mean absolute deviation of 0.10, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.27.Please note that although there have been many attempts to predict TuanChe 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 TuanChe ADR's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
TuanChe ADR Stock Forecast Pattern
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TuanChe ADR Forecasted Value
In the context of forecasting TuanChe ADR'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. TuanChe ADR's downside and upside margins for the forecasting period are 0.02 and 8.85, respectively. We have considered TuanChe ADR'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 TuanChe ADR stock data series using in forecasting. Note that when a statistical model is used to represent TuanChe ADR 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 | 114.0354 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1028 |
| MAPE | Mean absolute percentage error | 0.0552 |
| SAE | Sum of the absolute errors | 6.2712 |
Predictive Modules for TuanChe ADR
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TuanChe ADR. 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 TuanChe ADR'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 TuanChe ADR
For every potential investor in TuanChe, whether a beginner or expert, TuanChe ADR's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. TuanChe Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in TuanChe. Basic forecasting techniques help filter out the noise by identifying TuanChe ADR's price trends.TuanChe ADR 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 TuanChe ADR stock to make a market-neutral strategy. Peer analysis of TuanChe ADR could also be used in its relative valuation, which is a method of valuing TuanChe ADR by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TuanChe ADR 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 TuanChe ADR'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 TuanChe ADR's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
TuanChe ADR Market Strength Events
Market strength indicators help investors to evaluate how TuanChe ADR stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TuanChe ADR shares will generate the highest return on investment. By undertsting and applying TuanChe ADR stock market strength indicators, traders can identify TuanChe ADR entry and exit signals to maximize returns.
TuanChe ADR Risk Indicators
The analysis of TuanChe ADR'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 TuanChe ADR's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tuanche 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 | 5.44 | |||
| Standard Deviation | 7.53 | |||
| Variance | 56.73 |
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 TuanChe ADR 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, TuanChe ADR's short interest history, or implied volatility extrapolated from TuanChe ADR options trading.
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When determining whether TuanChe ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TuanChe ADR'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 Tuanche Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tuanche Adr Stock:Check out Historical Fundamental Analysis of TuanChe ADR to cross-verify your projections. For information on how to trade TuanChe Stock refer to our How to Trade TuanChe Stock guide.Note that the TuanChe ADR information on this page should be used as a complementary analysis to other TuanChe ADR'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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for TuanChe Stock analysis
When running TuanChe ADR's price analysis, check to measure TuanChe ADR'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 TuanChe ADR is operating at the current time. Most of TuanChe ADR's value examination focuses on studying past and present price action to predict the probability of TuanChe ADR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TuanChe ADR's price. Additionally, you may evaluate how the addition of TuanChe ADR to your portfolios can decrease your overall portfolio volatility.
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Is TuanChe ADR'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 TuanChe ADR. If investors know TuanChe 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 TuanChe ADR listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.63) | Revenue Per Share 95.791 | Quarterly Revenue Growth (0.25) | Return On Assets (0.42) | Return On Equity (1.48) |
The market value of TuanChe ADR is measured differently than its book value, which is the value of TuanChe that is recorded on the company's balance sheet. Investors also form their own opinion of TuanChe ADR's value that differs from its market value or its book value, called intrinsic value, which is TuanChe ADR'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 TuanChe ADR's market value can be influenced by many factors that don't directly affect TuanChe ADR'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 TuanChe ADR's value and its price as these two are different measures arrived at by different means. Investors typically determine if TuanChe ADR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TuanChe ADR'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.