TD HOLDINGS Stock Forecast - Naive Prediction
| TZ6 Stock | EUR 15.60 0.00 0.00% |
The Naive Prediction forecasted value of TD HOLDINGS on the next trading day is expected to be 14.73 with a mean absolute deviation of 1.50 and the sum of the absolute errors of 91.38. TZ6 Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast TD HOLDINGS stock prices and determine the direction of TD HOLDINGS 's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of TD HOLDINGS's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. TZ6 |
Most investors in TD HOLDINGS 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 TD HOLDINGS's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets TD HOLDINGS's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for TD HOLDINGS is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of TD HOLDINGS 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. TD HOLDINGS Naive Prediction Price Forecast For the 29th of May
Given 90 days horizon, the Naive Prediction forecasted value of TD HOLDINGS on the next trading day is expected to be 14.73 with a mean absolute deviation of 1.50, mean absolute percentage error of 11.73, and the sum of the absolute errors of 91.38.Please note that although there have been many attempts to predict TZ6 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 TD HOLDINGS's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
TD HOLDINGS Stock Forecast Pattern
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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 TD HOLDINGS stock data series using in forecasting. Note that when a statistical model is used to represent TD HOLDINGS 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 | 120.5731 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.498 |
| MAPE | Mean absolute percentage error | 9.223372036854776E14 |
| SAE | Sum of the absolute errors | 91.375 |
Predictive Modules for TD HOLDINGS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TD HOLDINGS. 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 TD HOLDINGS'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.
TD HOLDINGS 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 TD HOLDINGS stock to make a market-neutral strategy. Peer analysis of TD HOLDINGS could also be used in its relative valuation, which is a method of valuing TD HOLDINGS by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TD HOLDINGS Market Strength Events
Market strength indicators help investors to evaluate how TD HOLDINGS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TD HOLDINGS shares will generate the highest return on investment. By undertsting and applying TD HOLDINGS stock market strength indicators, traders can identify TD HOLDINGS entry and exit signals to maximize returns.
Pair Trading with TD HOLDINGS
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 TD HOLDINGS 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 TD HOLDINGS will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to TD HOLDINGS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TD HOLDINGS 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 TD HOLDINGS - 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 TD HOLDINGS to buy it.
The correlation of TD HOLDINGS 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 TD HOLDINGS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD HOLDINGS 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 TD HOLDINGS 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 World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the TD HOLDINGS information on this page should be used as a complementary analysis to other TD HOLDINGS's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for TZ6 Stock analysis
When running TD HOLDINGS's price analysis, check to measure TD HOLDINGS'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 TD HOLDINGS is operating at the current time. Most of TD HOLDINGS's value examination focuses on studying past and present price action to predict the probability of TD HOLDINGS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TD HOLDINGS's price. Additionally, you may evaluate how the addition of TD HOLDINGS to your portfolios can decrease your overall portfolio volatility.
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