TMBThanachart Bank Stock Forecast - 8 Period Moving Average
| TTB Stock | 1.66 0.02 1.19% |
The 8 Period Moving Average forecasted value of TMBThanachart Bank Public on the next trading day is expected to be 1.67 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.25. TMBThanachart Stock Forecast is based on your current time horizon.
TMBThanachart |
Most investors in TMBThanachart Bank 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 TMBThanachart Bank's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets TMBThanachart Bank's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for TMBThanachart Bank is based on an artificially constructed time series of TMBThanachart Bank 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. TMBThanachart Bank 8 Period Moving Average Price Forecast For the 20th of June
Given 90 days horizon, the 8 Period Moving Average forecasted value of TMBThanachart Bank Public on the next trading day is expected to be 1.67 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0007, and the sum of the absolute errors of 1.25.Please note that although there have been many attempts to predict TMBThanachart 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 TMBThanachart Bank's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
TMBThanachart Bank Stock Forecast Pattern
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TMBThanachart Bank Forecasted Value
In the context of forecasting TMBThanachart Bank'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. TMBThanachart Bank's downside and upside margins for the forecasting period are 0.62 and 2.72, respectively. We have considered TMBThanachart Bank'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of TMBThanachart Bank stock data series using in forecasting. Note that when a statistical model is used to represent TMBThanachart Bank 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 | 96.1619 |
| Bias | Arithmetic mean of the errors | 0.0104 |
| MAD | Mean absolute deviation | 0.0235 |
| MAPE | Mean absolute percentage error | 0.0136 |
| SAE | Sum of the absolute errors | 1.2463 |
Predictive Modules for TMBThanachart Bank
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TMBThanachart Bank Public. 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 TMBThanachart Bank'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 TMBThanachart Bank
For every potential investor in TMBThanachart, whether a beginner or expert, TMBThanachart Bank's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. TMBThanachart Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in TMBThanachart. Basic forecasting techniques help filter out the noise by identifying TMBThanachart Bank's price trends.TMBThanachart Bank 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 TMBThanachart Bank stock to make a market-neutral strategy. Peer analysis of TMBThanachart Bank could also be used in its relative valuation, which is a method of valuing TMBThanachart Bank by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TMBThanachart Bank Public 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 TMBThanachart Bank'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 TMBThanachart Bank's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
TMBThanachart Bank Market Strength Events
Market strength indicators help investors to evaluate how TMBThanachart Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TMBThanachart Bank shares will generate the highest return on investment. By undertsting and applying TMBThanachart Bank stock market strength indicators, traders can identify TMBThanachart Bank Public entry and exit signals to maximize returns.
TMBThanachart Bank Risk Indicators
The analysis of TMBThanachart Bank'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 TMBThanachart Bank's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tmbthanachart 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 | 0.8162 | |||
| Standard Deviation | 1.09 | |||
| Variance | 1.18 |
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 TMBThanachart Stock
TMBThanachart Bank financial ratios help investors to determine whether TMBThanachart 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 TMBThanachart with respect to the benefits of owning TMBThanachart Bank security.