Storebrand Indeks Stock Forecast - Naive Prediction

SI
STIIAM -- Denmark Stock  

DKK 1,101  1.20  0.11%

Storebrand Indeks Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Storebrand Indeks historical stock prices and determine the direction of Storebrand Indeks Alle'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 Storebrand Indeks 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 Storebrand Indeks is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Storebrand Indeks Alle 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.

Storebrand Indeks Naive Prediction Price Forecast For the 15th of July 2020

Given 30 days horizon, the forecasted value of Storebrand Indeks Alle on the next trading day is expected to be  1,162  with a mean absolute deviation of  36.87 , mean absolute percentage error of  2,671 , and the sum of the absolute errors of  626.78 
 1,162 

Storebrand Indeks Stock Forecast Pattern

Model Predictive Factors

AICAkaike Information Criteria45.1341
BiasArithmetic mean of the errors None
MADMean absolute deviation36.8695
MAPEMean absolute percentage error0.0365
SAESum of the absolute errors626.7814
This model is not at all useful as a medium-long range forecasting tool of Storebrand Indeks Alle. 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 Storebrand Indeks. 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 Storebrand Indeks

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Storebrand Indeks Alle. 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
1,0991,1011,104
Details
Intrinsic
Valuation
LowReal ValueHigh
1,0591,0611,212
Details

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Volatility Measures

Storebrand Indeks Risk Indicators

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Additionally, take a look at World Market Map. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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