NQTH Index Forecast - Naive Prediction

NQT
NQTH -- Thailand Index  

 894.64  13.98  1.54%

NQTH Index Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast NQTH historical stock prices and determine the direction of NQTH'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 NQTH historical fundamentals such as revenue growth or operating cash flow patterns. Check out Your Current Watchlist.

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

NQTH Naive Prediction Price Forecast For the 13th of July 2020

Given 30 days horizon, the forecasted value of NQTH on the next trading day is expected to be  877.02  with a mean absolute deviation of  22.77 , mean absolute percentage error of  1,106 , and the sum of the absolute errors of  1,389 
 877.02 

NQTH Index Forecast Pattern

Model Predictive Factors

AICAkaike Information Criteria125.1194
BiasArithmetic mean of the errors None
MADMean absolute deviation22.7726
MAPEMean absolute percentage error0.0297
SAESum of the absolute errors1389.1256
This model is not at all useful as a medium-long range forecasting tool of NQTH. 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 NQTH. 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 NQTH

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NQTH. 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
891.57894.64897.71
Details
Intrinsic
Valuation
LowReal ValueHigh
891.57894.64897.71
Details

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