Sparindex INDEX Stock Forecast - Naive Prediction

SI
SPIUSVKL -- Denmark Stock  

DKK 74.64  0.40  0.54%

Sparindex INDEX Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sparindex INDEX historical stock prices and determine the direction of Sparindex INDEX USA'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 Sparindex INDEX historical fundamentals such as revenue growth or operating cash flow patterns. Additionally, take a look at World Market Map.

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A naive forecasting model for Sparindex INDEX is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Sparindex INDEX USA 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.

Sparindex INDEX Naive Prediction Price Forecast For the 15th of July 2020

Given 30 days horizon, the forecasted value of Sparindex INDEX USA on the next trading day is expected to be  83.14  with a mean absolute deviation of  4.18 , mean absolute percentage error of  34.87 , and the sum of the absolute errors of  146.33 
 83.14 

Sparindex INDEX Stock Forecast Pattern

Model Predictive Factors

AICAkaike Information Criteria73.8773
BiasArithmetic mean of the errors None
MADMean absolute deviation4.181
MAPEMean absolute percentage error0.0513
SAESum of the absolute errors146.3346
This model is not at all useful as a medium-long range forecasting tool of Sparindex INDEX USA. 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 Sparindex INDEX. 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 Sparindex INDEX

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sparindex INDEX USA. 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
74.6474.6474.64
Details
Intrinsic
Valuation
LowReal ValueHigh
57.4757.4782.10
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
62.2976.3490.38
Details

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Volatility Measures

Sparindex INDEX Risk Indicators

Current Sentiment - SPIUSVKL

Sparindex INDEX USA Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in Sparindex INDEX USA. What is your outlook on investing in Sparindex INDEX USA? Are you bullish or bearish?
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