CHAR Technologies Stock Forecast - Naive Prediction

YES Stock  CAD 0.39  0.01  2.50%   
The Naive Prediction forecasted value of CHAR Technologies on the next trading day is expected to be 0.40 with a mean absolute deviation of  0.02  and the sum of the absolute errors of 1.00. CHAR Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast CHAR Technologies stock prices and determine the direction of CHAR Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of CHAR Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns. Although CHAR Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of CHAR Technologies' systematic risk associated with finding meaningful patterns of CHAR Technologies fundamentals over time.
Check out Historical Fundamental Analysis of CHAR Technologies to cross-verify your projections.
  
At this time, CHAR Technologies' Receivables Turnover is fairly stable compared to the past year. Asset Turnover is likely to climb to 0.16 in 2024, whereas Inventory Turnover is likely to drop 2.98 in 2024. . Common Stock Shares Outstanding is likely to drop to about 66.4 M in 2024. Net Loss is likely to drop to about (143.7 K) in 2024.
Most investors in CHAR Technologies 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 CHAR Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets CHAR Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for CHAR Technologies is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of CHAR Technologies 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.

CHAR Technologies Naive Prediction Price Forecast For the 14th of April 2024

Given 90 days horizon, the Naive Prediction forecasted value of CHAR Technologies on the next trading day is expected to be 0.40 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0004, and the sum of the absolute errors of 1.00.
Please note that although there have been many attempts to predict CHAR 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 CHAR Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

CHAR Technologies Stock Forecast Pattern

Backtest CHAR TechnologiesCHAR Technologies Price PredictionBuy or Sell Advice 

CHAR Technologies Forecasted Value

In the context of forecasting CHAR Technologies' 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. CHAR Technologies' downside and upside margins for the forecasting period are 0 and 5.20, respectively. We have considered CHAR Technologies' 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
0.39
0.40
Expected Value
5.20
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 CHAR Technologies stock data series using in forecasting. Note that when a statistical model is used to represent CHAR Technologies 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 Criteria112.073
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0161
MAPEMean absolute percentage error0.0375
SAESum of the absolute errors0.9969
This model is not at all useful as a medium-long range forecasting tool of CHAR Technologies. 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 CHAR Technologies. 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 CHAR Technologies

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CHAR 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 CHAR Technologies' 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
0.020.395.17
Details
Intrinsic
Valuation
LowRealHigh
0.020.345.12
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.02-0.02-0.02
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CHAR Technologies. Your research has to be compared to or analyzed against CHAR Technologies' peers to derive any actionable benefits. When done correctly, CHAR Technologies' 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 CHAR Technologies.

Other Forecasting Options for CHAR Technologies

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

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

CHAR 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 CHAR Technologies' 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 CHAR Technologies' current price.

CHAR Technologies Market Strength Events

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

CHAR Technologies Risk Indicators

The analysis of CHAR Technologies' 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 CHAR Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting char 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.
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 CHAR Technologies 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, CHAR Technologies' short interest history, or implied volatility extrapolated from CHAR Technologies options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out Historical Fundamental Analysis of CHAR Technologies to cross-verify your projections.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for CHAR Stock analysis

When running CHAR Technologies' price analysis, check to measure CHAR Technologies' 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 CHAR Technologies is operating at the current time. Most of CHAR Technologies' value examination focuses on studying past and present price action to predict the probability of CHAR Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CHAR Technologies' price. Additionally, you may evaluate how the addition of CHAR Technologies to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between CHAR Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if CHAR Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHAR Technologies' 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.