OFAL Stock Forecast - Naive Prediction
| OFAL Stock | 1.50 0.26 14.77% |
The Naive Prediction forecasted value of OFAL on the next trading day is expected to be 2.69 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 21.37. OFAL Stock Forecast is based on your current time horizon. Although OFAL's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of OFAL's systematic risk associated with finding meaningful patterns of OFAL fundamentals over time.
The value of Payables Turnover is estimated to slide to 25.86. The value of Receivables Turnover is estimated to slide to 8.01. The value of Common Stock Shares Outstanding is expected to slide to about 13 M. OFAL Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the OFAL's financial statements, predicting their influence on future market prices.
Cash | First Reported 2010-12-31 | Previous Quarter 31.9 K | Current Value 30.4 K | Quarterly Volatility 58.5 K |
OFAL Naive Prediction Price Forecast For the 18th of August 2025
Given 90 days horizon, the Naive Prediction forecasted value of OFAL on the next trading day is expected to be 2.69 with a mean absolute deviation of 0.35, mean absolute percentage error of 0.19, and the sum of the absolute errors of 21.37.Please note that although there have been many attempts to predict OFAL 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 OFAL's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
OFAL Stock Forecast Pattern
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OFAL Forecasted Value
In the context of forecasting OFAL'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. OFAL's downside and upside margins for the forecasting period are 0.01 and 15.85, respectively. We have considered OFAL'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of OFAL stock data series using in forecasting. Note that when a statistical model is used to represent OFAL 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 | 116.4647 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3503 |
| MAPE | Mean absolute percentage error | 0.1617 |
| SAE | Sum of the absolute errors | 21.371 |
Predictive Modules for OFAL
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OFAL. 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.Other Forecasting Options for OFAL
For every potential investor in OFAL, whether a beginner or expert, OFAL's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. OFAL Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in OFAL. Basic forecasting techniques help filter out the noise by identifying OFAL's price trends.OFAL 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 OFAL stock to make a market-neutral strategy. Peer analysis of OFAL could also be used in its relative valuation, which is a method of valuing OFAL by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
OFAL 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 OFAL'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 OFAL's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
OFAL Market Strength Events
Market strength indicators help investors to evaluate how OFAL stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OFAL shares will generate the highest return on investment. By undertsting and applying OFAL stock market strength indicators, traders can identify OFAL entry and exit signals to maximize returns.
OFAL Risk Indicators
The analysis of OFAL'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 OFAL's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ofal 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 | 9.22 | |||
| Standard Deviation | 13.26 | |||
| Variance | 175.94 |
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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Try AI Portfolio ProphetCheck out Historical Fundamental Analysis of OFAL to cross-verify your projections. For more information on how to buy OFAL Stock please use our How to buy in OFAL Stock guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Research & Consulting Services 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 OFAL. If investors know OFAL 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 OFAL 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 OFAL is measured differently than its book value, which is the value of OFAL that is recorded on the company's balance sheet. Investors also form their own opinion of OFAL's value that differs from its market value or its book value, called intrinsic value, which is OFAL'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 OFAL's market value can be influenced by many factors that don't directly affect OFAL'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 OFAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if OFAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OFAL'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.