Danish Aerospace Stock Forecast - Naive Prediction

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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.

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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 

Danish Aerospace Stock Forecast Pattern

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Danish Aerospace Forecasted Value

Market Value
2nd of July 2020
Expected Value

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.
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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.
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