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Apple Stock Forecast - 8 Period Moving Average

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AAPL -- USA Stock  

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Investors can use this prediction interface to forecast Apple historic stock prices and determine the direction of Apple future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Apple historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Apple systematic risks associated with finding meaningful patterns of Apple fundamentals over time. Please continue to Historical Fundamental Analysis of Apple to cross-verify your projections.
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An 8-period moving average forecast model for Apple is based on an artificially constructed time series of Apple daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.
Given 30 days horizon, the value of Apple on the next trading day is expected to be 322.2425

Apple Stock Forecast Pattern

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Apple Forecasted Value

Market Value
313.05
February 21, 2020
318.08
Downside
322.24
Expected Value
326.41
Upside

Model Predictive Factors

AICAkaike Information Criteria107.3478
BiasArithmetic mean of the errors -4.6709
MADMean absolute deviation6.2981
MAPEMean absolute percentage error0.0208
SAESum of the absolute errors333.8012
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Apple 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Volatility Measures

Apple Risk Indicators

Current Sentiment - AAPL

Apple Investor Sentiment

Majority of Macroaxis users are presently bullish on Apple. What is your sentiment towards investing in Apple? Are you bullish or bearish?
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98% Bullish
2% Bearish
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Apple Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Apple and Hamilton Beach Brands. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Please continue to Historical Fundamental Analysis of Apple to cross-verify your projections. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.