SOUTHERN LATEX Stock Forecast - Naive Prediction

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SOUTLAT -- India Stock  

INR 8.03  0.42  4.97%

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

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A naive forecasting model for SOUTHERN LATEX is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of SOUTHERN LATEX LTD 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.

SOUTHERN LATEX Naive Prediction Price Forecast For the 9th of July

Given 30 days horizon, the forecasted value of SOUTHERN LATEX LTD on the next trading day is expected to be  7.54  with a mean absolute deviation of  0.1 , mean absolute percentage error of  0.01712 , and the sum of the absolute errors of  6.04 
 7.54 

SOUTHERN LATEX Stock Forecast Pattern

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SOUTHERN LATEX Forecasted Value

Market Value
8.03
8th of July 2020
7.54
Expected Value
9.00
Upside

Model Predictive Factors

AICAkaike Information Criteria114.043
BiasArithmetic mean of the errors None
MADMean absolute deviation0.099
MAPEMean absolute percentage error0.0105
SAESum of the absolute errors6.039
This model is not at all useful as a medium-long range forecasting tool of SOUTHERN LATEX LTD. 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 SOUTHERN LATEX. 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 SOUTHERN LATEX

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SOUTHERN LATEX LTD. 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
6.578.039.49
Details
Intrinsic
Valuation
LowReal ValueHigh
7.118.5710.03
Details

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Additionally, take a look at Historical Fundamental Analysis of SOUTHERN LATEX 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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