Cohen Dev Stock Forecast - Naive Prediction
| CDEV Stock | ILS 10,700 200.00 1.83% |
The Naive Prediction forecasted value of Cohen Dev on the next trading day is expected to be 11,017 with a mean absolute deviation of 172.02 and the sum of the absolute errors of 10,493. Cohen Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Cohen Dev stock prices and determine the direction of Cohen Dev's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Cohen Dev's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Cohen Dev to cross-verify your projections. Cohen |
Most investors in Cohen Dev 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 Cohen Dev's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Cohen Dev's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Cohen Dev is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Cohen Dev 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. Cohen Dev Naive Prediction Price Forecast For the 30th of April
Given 90 days horizon, the Naive Prediction forecasted value of Cohen Dev on the next trading day is expected to be 11,017 with a mean absolute deviation of 172.02, mean absolute percentage error of 49,135, and the sum of the absolute errors of 10,493.Please note that although there have been many attempts to predict Cohen 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 Cohen Dev's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cohen Dev Stock Forecast Pattern
| Backtest Cohen Dev | Cohen Dev Price Prediction | Buy or Sell Advice |
Cohen Dev Forecasted Value
In the context of forecasting Cohen Dev's 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. Cohen Dev's downside and upside margins for the forecasting period are 11,015 and 11,019, respectively. We have considered Cohen Dev's 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 Cohen Dev stock data series using in forecasting. Note that when a statistical model is used to represent Cohen Dev 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 | 128.9128 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 172.0231 |
| MAPE | Mean absolute percentage error | 0.0157 |
| SAE | Sum of the absolute errors | 10493.4087 |
Predictive Modules for Cohen Dev
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cohen Dev. 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 Cohen Dev's 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 Cohen Dev
For every potential investor in Cohen, whether a beginner or expert, Cohen Dev's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cohen Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cohen. Basic forecasting techniques help filter out the noise by identifying Cohen Dev's price trends.Cohen Dev 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 Cohen Dev stock to make a market-neutral strategy. Peer analysis of Cohen Dev could also be used in its relative valuation, which is a method of valuing Cohen Dev by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cohen Dev 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 Cohen Dev's 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 Cohen Dev's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Cohen Dev Market Strength Events
Market strength indicators help investors to evaluate how Cohen Dev stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cohen Dev shares will generate the highest return on investment. By undertsting and applying Cohen Dev stock market strength indicators, traders can identify Cohen Dev entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0409 | |||
| Daily Balance Of Power | (0.44) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 10775.0 | |||
| Day Typical Price | 10750.0 | |||
| Market Facilitation Index | 450.0 | |||
| Price Action Indicator | (175.00) | |||
| Period Momentum Indicator | (200.00) |
Cohen Dev Risk Indicators
The analysis of Cohen Dev's 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 Cohen Dev's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cohen 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 | 1.55 | |||
| Standard Deviation | 1.9 | |||
| Variance | 3.61 |
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.
Pair Trading with Cohen Dev
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cohen Dev position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cohen Dev will appreciate offsetting losses from the drop in the long position's value.Moving against Cohen Stock
| 0.68 | NICE | Nice | PairCorr |
| 0.59 | TSEM | Tower Semiconductor | PairCorr |
| 0.46 | AZRG | Azrieli Group | PairCorr |
| 0.45 | LUMI | Bank Leumi Le | PairCorr |
| 0.45 | DSCT | Israel Discount Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Cohen Dev could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cohen Dev when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cohen Dev - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cohen Dev to buy it.
The correlation of Cohen Dev is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cohen Dev moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cohen Dev moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cohen Dev can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Cohen Dev to cross-verify your projections. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Cohen Stock analysis
When running Cohen Dev's price analysis, check to measure Cohen Dev's 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 Cohen Dev is operating at the current time. Most of Cohen Dev's value examination focuses on studying past and present price action to predict the probability of Cohen Dev's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cohen Dev's price. Additionally, you may evaluate how the addition of Cohen Dev to your portfolios can decrease your overall portfolio volatility.
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