Kandi Technologies Stock Forecast - Naive Prediction

KNDI Stock  USD 2.07  0.01  0.48%   
The Naive Prediction forecasted value of Kandi Technologies Group on the next trading day is expected to be 2.05 with a mean absolute deviation of  0.06  and the sum of the absolute errors of 3.64. Kandi Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Kandi Technologies stock prices and determine the direction of Kandi Technologies Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Kandi Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Kandi Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Kandi Technologies' systematic risk associated with finding meaningful patterns of Kandi Technologies fundamentals over time.
Check out Historical Fundamental Analysis of Kandi Technologies to cross-verify your projections.
  
As of now, Kandi Technologies' Asset Turnover is decreasing as compared to previous years. . The current Common Stock Shares Outstanding is estimated to decrease to about 44.1 M. The Kandi Technologies' current Net Loss is estimated to increase to about (10.4 M).

Open Interest Against 2024-04-19 Kandi Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Kandi Technologies' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Kandi Technologies' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Kandi Technologies stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Kandi Technologies' open interest, investors have to compare it to Kandi Technologies' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Kandi Technologies is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Kandi. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Kandi Technologies 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 Kandi Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Kandi Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Kandi Technologies is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Kandi Technologies Group 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.

Kandi Technologies Naive Prediction Price Forecast For the 29th of March

Given 90 days horizon, the Naive Prediction forecasted value of Kandi Technologies Group on the next trading day is expected to be 2.05 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.64.
Please note that although there have been many attempts to predict Kandi 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 Kandi Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Kandi Technologies Stock Forecast Pattern

Backtest Kandi TechnologiesKandi Technologies Price PredictionBuy or Sell Advice 

Kandi Technologies Forecasted Value

In the context of forecasting Kandi Technologies' 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. Kandi Technologies' downside and upside margins for the forecasting period are 0.02 and 4.36, respectively. We have considered Kandi Technologies' 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
2.07
2.05
Expected Value
4.36
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 Kandi Technologies stock data series using in forecasting. Note that when a statistical model is used to represent Kandi Technologies 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 Criteria114.8424
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0588
MAPEMean absolute percentage error0.0225
SAESum of the absolute errors3.6442
This model is not at all useful as a medium-long range forecasting tool of Kandi Technologies Group. 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 Kandi Technologies. 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 Kandi Technologies

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kandi Technologies. 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 Kandi Technologies' 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.
Hype
Prediction
LowEstimatedHigh
0.102.054.36
Details
Intrinsic
Valuation
LowRealHigh
0.552.865.17
Details
0 Analysts
Consensus
LowTargetHigh
4.555.005.55
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Kandi Technologies. Your research has to be compared to or analyzed against Kandi Technologies' peers to derive any actionable benefits. When done correctly, Kandi Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Kandi Technologies.

Other Forecasting Options for Kandi Technologies

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

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

Kandi Technologies 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 Kandi Technologies' 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 Kandi Technologies' current price.

Kandi Technologies Market Strength Events

Market strength indicators help investors to evaluate how Kandi Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kandi Technologies shares will generate the highest return on investment. By undertsting and applying Kandi Technologies stock market strength indicators, traders can identify Kandi Technologies Group entry and exit signals to maximize returns.

Kandi Technologies Risk Indicators

The analysis of Kandi Technologies' 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 Kandi Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kandi 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Kandi Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Kandi Technologies' short interest history, or implied volatility extrapolated from Kandi Technologies options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Kandi Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kandi Technologies' 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 Kandi Technologies Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kandi Technologies Group Stock:
Check out Historical Fundamental Analysis of Kandi Technologies to cross-verify your projections.
Note that the Kandi Technologies information on this page should be used as a complementary analysis to other Kandi Technologies' 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for Kandi Stock analysis

When running Kandi Technologies' price analysis, check to measure Kandi Technologies' 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 Kandi Technologies is operating at the current time. Most of Kandi Technologies' value examination focuses on studying past and present price action to predict the probability of Kandi Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kandi Technologies' price. Additionally, you may evaluate how the addition of Kandi Technologies to your portfolios can decrease your overall portfolio volatility.
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Equity Valuation
Check real value of public entities based on technical and fundamental data
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Fundamental Analysis
View fundamental data based on most recent published financial statements
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Stocks Directory
Find actively traded stocks across global markets
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Is Kandi Technologies' 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 Kandi Technologies. If investors know Kandi 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 Kandi Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.137
Revenue Per Share
1.569
Quarterly Revenue Growth
(0.26)
Return On Assets
(0.01)
Return On Equity
0.0042
The market value of Kandi Technologies is measured differently than its book value, which is the value of Kandi that is recorded on the company's balance sheet. Investors also form their own opinion of Kandi Technologies' value that differs from its market value or its book value, called intrinsic value, which is Kandi Technologies' 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 Kandi Technologies' market value can be influenced by many factors that don't directly affect Kandi Technologies' 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 Kandi Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kandi Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kandi Technologies' 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.