SATIA INDUSTRIES Stock Forecast - Naive Prediction

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SATIA -- India Stock  

INR 73.70  0.20  0.27%

SATIA INDUSTRIES Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast SATIA INDUSTRIES historical stock prices and determine the direction of SATIA INDUSTRIES LIMITED'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 SATIA INDUSTRIES historical fundamentals such as revenue growth or operating cash flow patterns. Additionally, take a look at Historical Fundamental Analysis of SATIA INDUSTRIES to cross-verify your projections.

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A naive forecasting model for SATIA INDUSTRIES is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of SATIA INDUSTRIES LIMITED 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.

SATIA INDUSTRIES Naive Prediction Price Forecast For the 9th of July

Given 30 days horizon, the forecasted value of SATIA INDUSTRIES LIMITED on the next trading day is expected to be  74.43  with a mean absolute deviation of  2.22 , mean absolute percentage error of  7.82 , and the sum of the absolute errors of  135.18 
 74.43 

SATIA INDUSTRIES Stock Forecast Pattern

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SATIA INDUSTRIES Forecasted Value

Market Value
73.70
8th of July 2020
74.43
Expected Value
77.68
Upside

Model Predictive Factors

AICAkaike Information Criteria120.1666
BiasArithmetic mean of the errors None
MADMean absolute deviation2.2161
MAPEMean absolute percentage error0.0306
SAESum of the absolute errors135.1848
This model is not at all useful as a medium-long range forecasting tool of SATIA INDUSTRIES LIMITED. 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 SATIA INDUSTRIES. 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 SATIA INDUSTRIES

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SATIA INDUSTRIES. 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
70.4473.7076.96
Details
Intrinsic
Valuation
LowReal ValueHigh
58.8262.0881.07
Details

Other Forecasting Options for SATIA INDUSTRIES

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SATIA INDUSTRIES Technical and Predictive Analytics

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SATIA INDUSTRIES Risk Indicators

Current Sentiment - SATIA

SATIA INDUSTRIES Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in SATIA INDUSTRIES LIMITED. What is your outlook on investing in SATIA INDUSTRIES LIMITED? Are you bullish or bearish?
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Additionally, take a look at Historical Fundamental Analysis of SATIA INDUSTRIES to cross-verify your projections. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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