Danish Aerospace Stock Forecast - Naive Prediction

<div class='circular--portrait' style='background:#4E8BFC;color: #ffffff;font-size:4em;padding-top: 25px;;'>DA</div>
DAC -- Denmark Stock  

DKK 5.40  0.48  8.16%

Danish Aerospace Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Danish Aerospace historical stock prices and determine the direction of Danish Aerospace'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 Danish Aerospace historical fundamentals such as revenue growth or operating cash flow patterns. Continue to Historical Fundamental Analysis of Danish Aerospace to cross-verify your projections.

Search Stock Forecast

 
Refresh
A naive forecasting model for Danish Aerospace is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Danish Aerospace 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.

Danish Aerospace Naive Prediction Price Forecast For the 3rd of July

Given 30 days horizon, the forecasted value of Danish Aerospace on the next trading day is expected to be  5.59  with a mean absolute deviation of  0.16 , mean absolute percentage error of  0.043669 , and the sum of the absolute errors of  9.73 
 5.59 

Danish Aerospace Stock Forecast Pattern

Backtest Danish AerospaceDanish Aerospace Price PredictionBuy or Sell Advice 

Danish Aerospace Forecasted Value

Market Value
5.40
2nd of July 2020
5.59
Expected Value
9.81
Upside

Model Predictive Factors

AICAkaike Information Criteria114.9794
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1594
MAPEMean absolute percentage error0.0287
SAESum of the absolute errors9.7262
This model is not at all useful as a medium-long range forecasting tool of Danish Aerospace. 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 Danish Aerospace. 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 Danish Aerospace

There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Danish Aerospace. 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
1.195.409.61
Details
Intrinsic
Valuation
LowReal ValueHigh
0.394.608.81
Details

Other Forecasting Options for Danish Aerospace

View Currently Related Equities

Danish Aerospace Technical and Predictive Analytics

Volatility Measures

Danish Aerospace Risk Indicators

Did you try this?

Run Portfolio Diagnostics Now

   

Portfolio Diagnostics

Use generated alerts and portfolio events aggregator to diagnose current holdings
All  Next Launch Module

Danish Aerospace Pair Correlation

Equities Pair Trading Analysis

Continue to Historical Fundamental Analysis of Danish Aerospace to cross-verify your projections. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page