Garuda Maintenance Stock Forecast - Naive Prediction
| GMFI Stock | IDR 53.00 1.00 1.85% |
The Naive Prediction forecasted value of Garuda Maintenance Facility on the next trading day is expected to be 53.28 with a mean absolute deviation of 1.81 and the sum of the absolute errors of 110.48. Garuda Stock Forecast is based on your current time horizon.
Garuda |
Most investors in Garuda Maintenance 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 Garuda Maintenance's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Garuda Maintenance's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Garuda Maintenance is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Garuda Maintenance Facility 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. Garuda Maintenance Naive Prediction Price Forecast For the 12th of June 2024
Given 90 days horizon, the Naive Prediction forecasted value of Garuda Maintenance Facility on the next trading day is expected to be 53.28 with a mean absolute deviation of 1.81, mean absolute percentage error of 8.81, and the sum of the absolute errors of 110.48.Please note that although there have been many attempts to predict Garuda 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 Garuda Maintenance's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Garuda Maintenance Stock Forecast Pattern
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Garuda Maintenance Forecasted Value
In the context of forecasting Garuda Maintenance'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. Garuda Maintenance's downside and upside margins for the forecasting period are 49.85 and 56.70, respectively. We have considered Garuda Maintenance'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 Garuda Maintenance stock data series using in forecasting. Note that when a statistical model is used to represent Garuda Maintenance 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 | 120.286 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.8111 |
| MAPE | Mean absolute percentage error | 0.0284 |
| SAE | Sum of the absolute errors | 110.4752 |
Predictive Modules for Garuda Maintenance
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Garuda Maintenance. 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 Garuda Maintenance'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 Garuda Maintenance
For every potential investor in Garuda, whether a beginner or expert, Garuda Maintenance's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Garuda Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Garuda. Basic forecasting techniques help filter out the noise by identifying Garuda Maintenance's price trends.Garuda Maintenance 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 Garuda Maintenance stock to make a market-neutral strategy. Peer analysis of Garuda Maintenance could also be used in its relative valuation, which is a method of valuing Garuda Maintenance by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Garuda Maintenance 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 Garuda Maintenance'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 Garuda Maintenance's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Garuda Maintenance Market Strength Events
Market strength indicators help investors to evaluate how Garuda Maintenance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Garuda Maintenance shares will generate the highest return on investment. By undertsting and applying Garuda Maintenance stock market strength indicators, traders can identify Garuda Maintenance Facility entry and exit signals to maximize returns.
| Accumulation Distribution | 27975.93 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 53.5 | |||
| Day Typical Price | 53.33 | |||
| Price Action Indicator | (1.00) | |||
| Period Momentum Indicator | (1.00) |
Garuda Maintenance Risk Indicators
The analysis of Garuda Maintenance'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 Garuda Maintenance's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting garuda 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 | 2.03 | |||
| Standard Deviation | 3.06 | |||
| Variance | 9.34 |
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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Other Information on Investing in Garuda Stock
Garuda Maintenance financial ratios help investors to determine whether Garuda Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Garuda with respect to the benefits of owning Garuda Maintenance security.