Woolworths Group Pink Sheet Forecast - Simple Moving Average
| WOLWF Stock | USD 22.14 0.42 1.93% |
The Simple Moving Average forecasted value of Woolworths Group Limited on the next trading day is expected to be 22.14 with a mean absolute deviation of 0.29 and the sum of the absolute errors of 16.82. Woolworths Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Woolworths Group's historical fundamentals, such as revenue growth or operating cash flow patterns.
Woolworths |
Most investors in Woolworths Group 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 Woolworths Group's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Woolworths Group's price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for Woolworths Group is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility. Woolworths Group Simple Moving Average Price Forecast For the 28th of June
Given 90 days horizon, the Simple Moving Average forecasted value of Woolworths Group Limited on the next trading day is expected to be 22.14 with a mean absolute deviation of 0.29, mean absolute percentage error of 0.18, and the sum of the absolute errors of 16.82.Please note that although there have been many attempts to predict Woolworths Pink Sheet 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 Woolworths Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Woolworths Group Pink Sheet Forecast Pattern
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Woolworths Group Forecasted Value
In the context of forecasting Woolworths Group's Pink Sheet 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. Woolworths Group's downside and upside margins for the forecasting period are 20.28 and 24.00, respectively. We have considered Woolworths Group'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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Woolworths Group pink sheet data series using in forecasting. Note that when a statistical model is used to represent Woolworths Group pink sheet, 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 | 112.6987 |
| Bias | Arithmetic mean of the errors | -0.002 |
| MAD | Mean absolute deviation | 0.2851 |
| MAPE | Mean absolute percentage error | 0.0138 |
| SAE | Sum of the absolute errors | 16.82 |
Predictive Modules for Woolworths Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Woolworths Group. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Woolworths Group'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 Woolworths Group
For every potential investor in Woolworths, whether a beginner or expert, Woolworths Group's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Woolworths Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Woolworths. Basic forecasting techniques help filter out the noise by identifying Woolworths Group's price trends.Woolworths Group 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 Woolworths Group pink sheet to make a market-neutral strategy. Peer analysis of Woolworths Group could also be used in its relative valuation, which is a method of valuing Woolworths Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Woolworths Group Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Woolworths Group'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 Woolworths Group's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Woolworths Group Market Strength Events
Market strength indicators help investors to evaluate how Woolworths Group pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Woolworths Group shares will generate the highest return on investment. By undertsting and applying Woolworths Group pink sheet market strength indicators, traders can identify Woolworths Group Limited entry and exit signals to maximize returns.
Woolworths Group Risk Indicators
The analysis of Woolworths Group'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 Woolworths Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting woolworths pink sheet 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 | 1.11 | |||
| Semi Deviation | 1.47 | |||
| Standard Deviation | 1.89 | |||
| Variance | 3.56 | |||
| Downside Variance | 9.46 | |||
| Semi Variance | 2.15 | |||
| Expected Short fall | (2.25) |
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 Woolworths Pink Sheet
Woolworths Group financial ratios help investors to determine whether Woolworths Pink Sheet 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 Woolworths with respect to the benefits of owning Woolworths Group security.