Bursa Malaysia Index Forecast - 8 Period Moving Average

BM
KLSE -- Exotistan Index  

 1,521  20.23  1.35%

Bursa Malaysia Index Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bursa Malaysia historical stock prices and determine the direction of Bursa Malaysia'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 Bursa Malaysia historical fundamentals such as revenue growth or operating cash flow patterns. Check out fundamental analysis of Bursa Malaysia to check your projections.

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An 8-period moving average forecast model for Bursa Malaysia is based on an artificially constructed time series of Bursa Malaysia 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.

Bursa Malaysia 8 Period Moving Average Price Forecast For the 2nd of July

Given 30 days horizon, the forecasted value of Bursa Malaysia on the next trading day is expected to be  1,502  with a mean absolute deviation of  26.22 , mean absolute percentage error of  1,099 , and the sum of the absolute errors of  1,390 
 1,502 

Bursa Malaysia Index Forecast Pattern

Bursa Malaysia Forecasted Value

Market Value
1,521
1st of July 2020
1,502
Expected Value
1,503
Upside

Model Predictive Factors

AICAkaike Information Criteria110.4097
BiasArithmetic mean of the errors -13.1309
MADMean absolute deviation26.2214
MAPEMean absolute percentage error0.0178
SAESum of the absolute errors1389.7338
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Bursa Malaysia 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Bursa Malaysia

There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Bursa Malaysia. 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.
Hype
Prediction
LowEstimated ValueHigh
1,5131,5141,515
Details
Intrinsic
Valuation
LowReal ValueHigh
1,1351,1361,666
Details

Other Forecasting Options for Bursa Malaysia

View Currently Related Equities

Bursa Malaysia Technical and Predictive Analytics

Bursa Malaysia Market Strength Events

Volatility Measures

Bursa Malaysia Risk Indicators

Current Sentiment - KLSE

Bursa Malaysia Investor Sentiment

Macroaxis traders are unemotional in their take regarding direction of Bursa Malaysia Index. What is your opinion about investing in Exotistan companies? Are you bullish or bearish on Bursa Malaysia?
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Check out fundamental analysis of Bursa Malaysia to check your projections. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.
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