Allmed Solutions Stock Forecast - Naive Prediction
| ALMD Stock | ILA 34.00 1.50 4.62% |
The Naive Prediction forecasted value of Allmed Solutions on the next trading day is expected to be 30.51 with a mean absolute deviation of 0.95 and the sum of the absolute errors of 57.89. Allmed Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Allmed Solutions stock prices and determine the direction of Allmed Solutions's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Allmed Solutions' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Allmed Solutions to cross-verify your projections. Allmed |
Most investors in Allmed Solutions cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Allmed Solutions' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Allmed Solutions' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Allmed Solutions is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Allmed Solutions 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. Allmed Solutions Naive Prediction Price Forecast For the 28th of May
Given 90 days horizon, the Naive Prediction forecasted value of Allmed Solutions on the next trading day is expected to be 30.51 with a mean absolute deviation of 0.95, mean absolute percentage error of 1.49, and the sum of the absolute errors of 57.89.Please note that although there have been many attempts to predict Allmed Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Allmed Solutions' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Allmed Solutions Stock Forecast Pattern
| Backtest Allmed Solutions | Allmed Solutions Price Prediction | Buy or Sell Advice |
Allmed Solutions Forecasted Value
In the context of forecasting Allmed Solutions' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Allmed Solutions' downside and upside margins for the forecasting period are 27.90 and 33.12, respectively. We have considered Allmed Solutions' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Allmed Solutions stock data series using in forecasting. Note that when a statistical model is used to represent Allmed Solutions stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 118.5111 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.949 |
| MAPE | Mean absolute percentage error | 0.0235 |
| SAE | Sum of the absolute errors | 57.891 |
Predictive Modules for Allmed Solutions
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Allmed Solutions. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allmed Solutions' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Allmed Solutions
For every potential investor in Allmed, whether a beginner or expert, Allmed Solutions' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Allmed Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Allmed. Basic forecasting techniques help filter out the noise by identifying Allmed Solutions' price trends.Allmed Solutions Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Allmed Solutions stock to make a market-neutral strategy. Peer analysis of Allmed Solutions could also be used in its relative valuation, which is a method of valuing Allmed Solutions by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Allmed Solutions Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Allmed Solutions' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Allmed Solutions' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Allmed Solutions Market Strength Events
Market strength indicators help investors to evaluate how Allmed Solutions stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allmed Solutions shares will generate the highest return on investment. By undertsting and applying Allmed Solutions stock market strength indicators, traders can identify Allmed Solutions entry and exit signals to maximize returns.
Allmed Solutions Risk Indicators
The analysis of Allmed Solutions' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Allmed Solutions' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting allmed stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.97 | |||
| Standard Deviation | 2.78 | |||
| Variance | 7.75 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Historical Fundamental Analysis of Allmed Solutions to cross-verify your projections. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Allmed Stock analysis
When running Allmed Solutions' price analysis, check to measure Allmed Solutions' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allmed Solutions is operating at the current time. Most of Allmed Solutions' value examination focuses on studying past and present price action to predict the probability of Allmed Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allmed Solutions' price. Additionally, you may evaluate how the addition of Allmed Solutions to your portfolios can decrease your overall portfolio volatility.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |