Konecranes Plc Stock Forecast - 8 Period Moving Average
| KCR Stock | EUR 52.95 0.25 0.47% |
The 8 Period Moving Average forecasted value of Konecranes Plc on the next trading day is expected to be 51.73 with a mean absolute deviation of 0.76 and the sum of the absolute errors of 41.29. Konecranes Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Konecranes Plc stock prices and determine the direction of Konecranes Plc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Konecranes Plc's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Konecranes Plc to cross-verify your projections. Konecranes |
Most investors in Konecranes Plc 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 Konecranes Plc's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Konecranes Plc's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Konecranes Plc is based on an artificially constructed time series of Konecranes Plc daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Konecranes Plc 8 Period Moving Average Price Forecast For the 15th of May 2024
Given 90 days horizon, the 8 Period Moving Average forecasted value of Konecranes Plc on the next trading day is expected to be 51.73 with a mean absolute deviation of 0.76, mean absolute percentage error of 1.19, and the sum of the absolute errors of 41.29.Please note that although there have been many attempts to predict Konecranes 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 Konecranes Plc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Konecranes Plc Stock Forecast Pattern
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Konecranes Plc Forecasted Value
In the context of forecasting Konecranes Plc'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. Konecranes Plc's downside and upside margins for the forecasting period are 50.23 and 53.22, respectively. We have considered Konecranes Plc'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Konecranes Plc stock data series using in forecasting. Note that when a statistical model is used to represent Konecranes Plc 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 | 105.4176 |
| Bias | Arithmetic mean of the errors | -0.4875 |
| MAD | Mean absolute deviation | 0.7646 |
| MAPE | Mean absolute percentage error | 0.0154 |
| SAE | Sum of the absolute errors | 41.2863 |
Predictive Modules for Konecranes Plc
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Konecranes Plc. 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 Konecranes Plc'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 Konecranes Plc
For every potential investor in Konecranes, whether a beginner or expert, Konecranes Plc's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Konecranes Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Konecranes. Basic forecasting techniques help filter out the noise by identifying Konecranes Plc's price trends.Konecranes Plc 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 Konecranes Plc stock to make a market-neutral strategy. Peer analysis of Konecranes Plc could also be used in its relative valuation, which is a method of valuing Konecranes Plc by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Konecranes Plc 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 Konecranes Plc'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 Konecranes Plc's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Konecranes Plc Market Strength Events
Market strength indicators help investors to evaluate how Konecranes Plc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Konecranes Plc shares will generate the highest return on investment. By undertsting and applying Konecranes Plc stock market strength indicators, traders can identify Konecranes Plc entry and exit signals to maximize returns.
| Accumulation Distribution | 1010.22 | |||
| Daily Balance Of Power | (0.38) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 52.88 | |||
| Day Typical Price | 52.9 | |||
| Price Action Indicator | (0.05) | |||
| Period Momentum Indicator | (0.25) |
Konecranes Plc Risk Indicators
The analysis of Konecranes Plc'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 Konecranes Plc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting konecranes 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 | 1.08 | |||
| Semi Deviation | 1.04 | |||
| Standard Deviation | 1.5 | |||
| Variance | 2.25 | |||
| Downside Variance | 1.83 | |||
| Semi Variance | 1.08 | |||
| Expected Short fall | (1.32) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Konecranes Plc to cross-verify your projections. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Konecranes Stock analysis
When running Konecranes Plc's price analysis, check to measure Konecranes Plc'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 Konecranes Plc is operating at the current time. Most of Konecranes Plc's value examination focuses on studying past and present price action to predict the probability of Konecranes Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Konecranes Plc's price. Additionally, you may evaluate how the addition of Konecranes Plc to your portfolios can decrease your overall portfolio volatility.
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