Multi Manager Stock Forecast - Naive Prediction

MM
MMIGLVAAKTAKK -- Denmark Stock  

DKK 85.56  0.00  0.00%

Multi Manager Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Multi Manager historical stock prices and determine the direction of Multi Manager Inv'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 Multi Manager historical fundamentals such as revenue growth or operating cash flow patterns. Additionally, see Stocks Correlation.

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A naive forecasting model for Multi Manager is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Multi Manager Inv 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.

Multi Manager Naive Prediction Price Forecast For the 14th of July 2020

Given 30 days horizon, the forecasted value of Multi Manager Inv on the next trading day is expected to be  78.32  with a mean absolute deviation of  4.33 , mean absolute percentage error of  35.13 , and the sum of the absolute errors of  169.06 
 78.32 

Multi Manager Stock Forecast Pattern

Model Predictive Factors

AICAkaike Information Criteria81.2362
BiasArithmetic mean of the errors None
MADMean absolute deviation4.3349
MAPEMean absolute percentage error0.0535
SAESum of the absolute errors169.0611
This model is not at all useful as a medium-long range forecasting tool of Multi Manager Inv. 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 Multi Manager. 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 Multi Manager

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Multi Manager Inv. 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
82.1485.5688.98
Details
Intrinsic
Valuation
LowReal ValueHigh
68.2571.6794.12
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
63.8378.4192.98
Details

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Multi Manager Risk Indicators

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