ICL Israel Stock Forecast - 20 Period Moving Average
| ICL Stock | ILA 1,731 9.00 0.52% |
The 20 Period Moving Average forecasted value of ICL Israel Chemicals on the next trading day is expected to be 1,758 with a mean absolute deviation of 63.41 and the sum of the absolute errors of 2,600. ICL Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ICL Israel stock prices and determine the direction of ICL Israel Chemicals's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ICL Israel's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of ICL Israel to cross-verify your projections. ICL |
Most investors in ICL Israel 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 ICL Israel's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ICL Israel's price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for ICL Israel Chemicals is based on a synthetically constructed ICL Israeldaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. ICL Israel 20 Period Moving Average Price Forecast For the 4th of June
Given 90 days horizon, the 20 Period Moving Average forecasted value of ICL Israel Chemicals on the next trading day is expected to be 1,758 with a mean absolute deviation of 63.41, mean absolute percentage error of 5,771, and the sum of the absolute errors of 2,600.Please note that although there have been many attempts to predict ICL 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 ICL Israel's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ICL Israel Stock Forecast Pattern
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ICL Israel Forecasted Value
In the context of forecasting ICL Israel'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. ICL Israel's downside and upside margins for the forecasting period are 1,755 and 1,760, respectively. We have considered ICL Israel'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of ICL Israel stock data series using in forecasting. Note that when a statistical model is used to represent ICL Israel 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 | 90.0136 |
| Bias | Arithmetic mean of the errors | 20.9329 |
| MAD | Mean absolute deviation | 63.4077 |
| MAPE | Mean absolute percentage error | 0.0351 |
| SAE | Sum of the absolute errors | 2599.7155 |
Predictive Modules for ICL Israel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ICL Israel Chemicals. 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 ICL Israel'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 ICL Israel
For every potential investor in ICL, whether a beginner or expert, ICL Israel's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ICL Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ICL. Basic forecasting techniques help filter out the noise by identifying ICL Israel's price trends.ICL Israel 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 ICL Israel stock to make a market-neutral strategy. Peer analysis of ICL Israel could also be used in its relative valuation, which is a method of valuing ICL Israel by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ICL Israel Chemicals 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 ICL Israel'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 ICL Israel's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ICL Israel Market Strength Events
Market strength indicators help investors to evaluate how ICL Israel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ICL Israel shares will generate the highest return on investment. By undertsting and applying ICL Israel stock market strength indicators, traders can identify ICL Israel Chemicals entry and exit signals to maximize returns.
ICL Israel Risk Indicators
The analysis of ICL Israel'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 ICL Israel's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting icl 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 | 1.61 | |||
| Semi Deviation | 1.83 | |||
| Standard Deviation | 2.08 | |||
| Variance | 4.32 | |||
| Downside Variance | 3.72 | |||
| Semi Variance | 3.33 | |||
| Expected Short fall | (1.91) |
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.When determining whether ICL Israel Chemicals is a strong investment it is important to analyze ICL Israel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ICL Israel's future performance. For an informed investment choice regarding ICL Stock, refer to the following important reports:Check out Historical Fundamental Analysis of ICL Israel to cross-verify your projections. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for ICL Stock analysis
When running ICL Israel's price analysis, check to measure ICL Israel'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 ICL Israel is operating at the current time. Most of ICL Israel's value examination focuses on studying past and present price action to predict the probability of ICL Israel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICL Israel's price. Additionally, you may evaluate how the addition of ICL Israel to your portfolios can decrease your overall portfolio volatility.
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