FMTO New Stock Forecast - Naive Prediction
| FMTO Stock | 3.53 0.82 18.85% |
The Naive Prediction forecasted value of FMTO New on the next trading day is expected to be 71.60 with a mean absolute deviation of 55.53 and the sum of the absolute errors of 3,387. FMTO Stock Forecast is based on your current time horizon.
FMTO New Naive Prediction Price Forecast For the 2nd of October
Given 90 days horizon, the Naive Prediction forecasted value of FMTO New on the next trading day is expected to be 71.60 with a mean absolute deviation of 55.53, mean absolute percentage error of 23,414, and the sum of the absolute errors of 3,387.Please note that although there have been many attempts to predict FMTO 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 FMTO New's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
FMTO New Stock Forecast Pattern
| Backtest FMTO New | FMTO New Price Prediction | Buy or Sell Advice |
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 FMTO New stock data series using in forecasting. Note that when a statistical model is used to represent FMTO New 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 | 128.1716 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 55.5304 |
| MAPE | Mean absolute percentage error | 3.5633 |
| SAE | Sum of the absolute errors | 3387.3559 |
Predictive Modules for FMTO New
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FMTO New. 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 FMTO New'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.
FMTO New 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 FMTO New stock to make a market-neutral strategy. Peer analysis of FMTO New could also be used in its relative valuation, which is a method of valuing FMTO New by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FMTO New Market Strength Events
Market strength indicators help investors to evaluate how FMTO New stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FMTO New shares will generate the highest return on investment. By undertsting and applying FMTO New stock market strength indicators, traders can identify FMTO New entry and exit signals to maximize returns.
FMTO New Risk Indicators
The analysis of FMTO New'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 FMTO New's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fmto 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 | 15.35 | |||
| Semi Deviation | 19.27 | |||
| Standard Deviation | 53.5 | |||
| Variance | 2862.76 | |||
| Downside Variance | 397.74 | |||
| Semi Variance | 371.46 | |||
| Expected Short fall | (25.67) |
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.
Pair Trading with FMTO New
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FMTO New position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FMTO New will appreciate offsetting losses from the drop in the long position's value.Moving against FMTO Stock
| 0.63 | WABLCX | CIT AB Large | PairCorr |
| 0.6 | SNNUF | Smith Nephew plc | PairCorr |
| 0.56 | SF-PD | Stifel Financial Corp | PairCorr |
| 0.53 | SE | Sea | PairCorr |
| 0.5 | OPY | Oppenheimer Holdings | PairCorr |
The ability to find closely correlated positions to FMTO New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FMTO New when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FMTO New - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FMTO New to buy it.
The correlation of FMTO New is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FMTO New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FMTO New moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for FMTO New can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Stock space 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 FMTO New. If investors know FMTO 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 FMTO New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of FMTO New is measured differently than its book value, which is the value of FMTO that is recorded on the company's balance sheet. Investors also form their own opinion of FMTO New's value that differs from its market value or its book value, called intrinsic value, which is FMTO New's 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 FMTO New's market value can be influenced by many factors that don't directly affect FMTO New's 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 FMTO New's value and its price as these two are different measures arrived at by different means. Investors typically determine if FMTO New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FMTO New'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.