TechnipFMC PLC Stock Forecast - Naive Prediction

1T1 Stock  EUR 27.71  0.11  0.40%   
The Naive Prediction forecasted value of TechnipFMC PLC on the next trading day is expected to be 27.48 with a mean absolute deviation of 0.39 and the sum of the absolute errors of 23.79. TechnipFMC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of TechnipFMC PLC's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for TechnipFMC PLC is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of TechnipFMC PLC 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.

TechnipFMC PLC Naive Prediction Price Forecast For the 26th of December

Given 90 days horizon, the Naive Prediction forecasted value of TechnipFMC PLC on the next trading day is expected to be 27.48 with a mean absolute deviation of 0.39, mean absolute percentage error of 0.23, and the sum of the absolute errors of 23.79.
Please note that although there have been many attempts to predict TechnipFMC 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 TechnipFMC PLC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

TechnipFMC PLC Stock Forecast Pattern

Backtest TechnipFMC PLCTechnipFMC PLC Price PredictionBuy or Sell Advice 

TechnipFMC PLC Forecasted Value

In the context of forecasting TechnipFMC 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. TechnipFMC PLC's downside and upside margins for the forecasting period are 25.43 and 29.53, respectively. We have considered TechnipFMC 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.
Market Value
27.71
27.48
Expected Value
29.53
Upside

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 TechnipFMC PLC stock data series using in forecasting. Note that when a statistical model is used to represent TechnipFMC 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.
AICAkaike Information Criteria116.6545
BiasArithmetic mean of the errors None
MADMean absolute deviation0.3901
MAPEMean absolute percentage error0.0148
SAESum of the absolute errors23.7944
This model is not at all useful as a medium-long range forecasting tool of TechnipFMC PLC. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict TechnipFMC PLC. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for TechnipFMC 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 TechnipFMC 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.
Hype
Prediction
LowEstimatedHigh
25.5127.7129.91
Details
Intrinsic
Valuation
LowRealHigh
24.9627.1629.36
Details

Other Forecasting Options for TechnipFMC PLC

For every potential investor in TechnipFMC, whether a beginner or expert, TechnipFMC PLC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. TechnipFMC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in TechnipFMC. Basic forecasting techniques help filter out the noise by identifying TechnipFMC PLC's price trends.

TechnipFMC 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 TechnipFMC PLC stock to make a market-neutral strategy. Peer analysis of TechnipFMC PLC could also be used in its relative valuation, which is a method of valuing TechnipFMC PLC by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

TechnipFMC 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 TechnipFMC 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 TechnipFMC PLC's current price.

TechnipFMC PLC Market Strength Events

Market strength indicators help investors to evaluate how TechnipFMC 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 TechnipFMC PLC shares will generate the highest return on investment. By undertsting and applying TechnipFMC PLC stock market strength indicators, traders can identify TechnipFMC PLC entry and exit signals to maximize returns.

TechnipFMC PLC Risk Indicators

The analysis of TechnipFMC 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 TechnipFMC PLC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting technipfmc 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.
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.

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in TechnipFMC Stock

When determining whether TechnipFMC PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TechnipFMC PLC's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Technipfmc Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Technipfmc Plc Stock:
Check out Historical Fundamental Analysis of TechnipFMC PLC to cross-verify your projections.
For more detail on how to invest in TechnipFMC Stock please use our How to Invest in TechnipFMC PLC guide.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Please note, there is a significant difference between TechnipFMC PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if TechnipFMC PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TechnipFMC PLC'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.