AMP Stock Forecast - Naive Prediction

AMLYY
 Stock
  

USD 2.95  0.00  0.00%   

AMP Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast AMP historical stock prices and determine the direction of AMP LIMITED's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of AMP historical fundamentals such as revenue growth or operating cash flow patterns.
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Most investors in AMP 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 AMP's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets AMP's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for AMP is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of AMP LIMITED 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.

AMP Naive Prediction Price Forecast For the 1st of October

Given 90 days horizon, the Naive Prediction forecasted value of AMP LIMITED on the next trading day is expected to be 2.92 with a mean absolute deviation of 0.026554, mean absolute percentage error of 0.002587, and the sum of the absolute errors of 1.62.
Please note that although there have been many attempts to predict AMP 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 AMP's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

AMP Stock Forecast Pattern

Backtest AMPAMP Price PredictionBuy 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 AMP stock data series using in forecasting. Note that when a statistical model is used to represent AMP 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 Criteria112.1532
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0266
MAPEMean absolute percentage error0.0086
SAESum of the absolute errors1.6198
This model is not at all useful as a medium-long range forecasting tool of AMP LIMITED. 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 AMP. 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 AMP

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AMP LIMITED. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of AMP'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. Please use the tools below to analyze the current value of AMP in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
2.952.952.95
Details
Intrinsic
Valuation
LowReal ValueHigh
2.582.583.25
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2.952.952.95
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AMP. Your research has to be compared to or analyzed against AMP's peers to derive any actionable benefits. When done correctly, AMP's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in AMP LIMITED.

AMP 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 AMP stock to make a market-neutral strategy. Peer analysis of AMP could also be used in its relative valuation, which is a method of valuing AMP by comparing valuation metrics with similar companies.
Boeing CompanyAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondMaiden Holdings NorthSeagate Technology HldgsVistra Energy CorpExxon Mobil Corp
 Risk & Return  Correlation

AMP Risk Indicators

The analysis of AMP's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in AMP's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting AMP stock price, 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 stock 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 AMP 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, AMP's short interest history, or implied volatility extrapolated from AMP options trading.

Pair Trading with AMP

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 AMP 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 AMP will appreciate offsetting losses from the drop in the long position's value.

Moving together with AMP

+0.67INTCIntel Corp TrendingPairCorr

Moving against AMP

-0.73AMPAmeriprise Financial Earnings Call  In Three WeeksPairCorr
-0.64DISWalt Disney TrendingPairCorr
The ability to find closely correlated positions to AMP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMP 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 AMP - 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 AMP LIMITED to buy it.
The correlation of AMP is a statistical measure of how it moves in relation to other equities. 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 AMP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMP LIMITED 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 AMP 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.
Pair CorrelationCorrelation Matching
Please continue to Trending Equities. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Other Tools for AMP Stock

When running AMP LIMITED price analysis, check to measure AMP's 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 AMP is operating at the current time. Most of AMP's value examination focuses on studying past and present price action to predict the probability of AMP's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move AMP's price. Additionally, you may evaluate how the addition of AMP to your portfolios can decrease your overall portfolio volatility.
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