Yunhong Green Stock Forecast - Naive Prediction
| YHGJ Stock | 1.15 0.05 4.17% |
The Naive Prediction forecasted value of Yunhong Green CTI on the next trading day is expected to be 1.10 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.30. Yunhong Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Yunhong Green stock prices and determine the direction of Yunhong Green CTI's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Yunhong Green's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Yunhong Green's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Yunhong Green's systematic risk associated with finding meaningful patterns of Yunhong Green fundamentals over time.
Check out Historical Fundamental Analysis of Yunhong Green to cross-verify your projections. Yunhong |
Most investors in Yunhong Green 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 Yunhong Green's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Yunhong Green's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Yunhong Green is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Yunhong Green CTI 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. Yunhong Green Naive Prediction Price Forecast For the 29th of May
Given 90 days horizon, the Naive Prediction forecasted value of Yunhong Green CTI on the next trading day is expected to be 1.10 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.30.Please note that although there have been many attempts to predict Yunhong 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 Yunhong Green's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Yunhong Green Stock Forecast Pattern
| Backtest Yunhong Green | Yunhong Green Price Prediction | Buy or Sell Advice |
Yunhong Green Forecasted Value
In the context of forecasting Yunhong Green'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. Yunhong Green's downside and upside margins for the forecasting period are 0.01 and 4.07, respectively. We have considered Yunhong Green'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 Yunhong Green stock data series using in forecasting. Note that when a statistical model is used to represent Yunhong Green 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 | 112.0254 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0377 |
| MAPE | Mean absolute percentage error | 0.025 |
| SAE | Sum of the absolute errors | 2.2995 |
Predictive Modules for Yunhong Green
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Yunhong Green CTI. 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 Yunhong Green'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 Yunhong Green
For every potential investor in Yunhong, whether a beginner or expert, Yunhong Green's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Yunhong Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Yunhong. Basic forecasting techniques help filter out the noise by identifying Yunhong Green's price trends.Yunhong Green 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 Yunhong Green stock to make a market-neutral strategy. Peer analysis of Yunhong Green could also be used in its relative valuation, which is a method of valuing Yunhong Green by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Yunhong Green CTI 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 Yunhong Green'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 Yunhong Green's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Yunhong Green Market Strength Events
Market strength indicators help investors to evaluate how Yunhong Green stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Yunhong Green shares will generate the highest return on investment. By undertsting and applying Yunhong Green stock market strength indicators, traders can identify Yunhong Green CTI entry and exit signals to maximize returns.
Yunhong Green Risk Indicators
The analysis of Yunhong Green'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 Yunhong Green's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting yunhong 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 | 2.11 | |||
| Standard Deviation | 2.97 | |||
| Variance | 8.79 |
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.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Yunhong Green CTI using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Check out Historical Fundamental Analysis of Yunhong Green to cross-verify your projections. Note that the Yunhong Green CTI information on this page should be used as a complementary analysis to other Yunhong Green'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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Yunhong Stock analysis
When running Yunhong Green's price analysis, check to measure Yunhong Green'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 Yunhong Green is operating at the current time. Most of Yunhong Green's value examination focuses on studying past and present price action to predict the probability of Yunhong Green's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yunhong Green's price. Additionally, you may evaluate how the addition of Yunhong Green to your portfolios can decrease your overall portfolio volatility.
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Is Yunhong Green's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Yunhong Green. If investors know Yunhong will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Yunhong Green listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.02 | Revenue Per Share 0.899 | Quarterly Revenue Growth (0.15) | Return On Assets (0.05) | Return On Equity (0.28) |
The market value of Yunhong Green CTI is measured differently than its book value, which is the value of Yunhong that is recorded on the company's balance sheet. Investors also form their own opinion of Yunhong Green's value that differs from its market value or its book value, called intrinsic value, which is Yunhong Green's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Yunhong Green's market value can be influenced by many factors that don't directly affect Yunhong Green's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Yunhong Green's value and its price as these two are different measures arrived at by different means. Investors typically determine if Yunhong Green is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Yunhong Green's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.