Zhejiang Shibao Stock Forecast - Naive Prediction

002703 Stock   25.31  1.36  5.10%   
The Naive Prediction forecasted value of Zhejiang Shibao Co on the next trading day is expected to be 24.54 with a mean absolute deviation of 0.57 and the sum of the absolute errors of 34.68. Zhejiang Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Zhejiang Shibao stock prices and determine the direction of Zhejiang Shibao Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Zhejiang Shibao's historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time the relative strength index (rsi) of Zhejiang Shibao's share price is below 20 . This suggests that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards.

Momentum 0

 Sell Peaked

 
Oversold
 
Overbought
The successful prediction of Zhejiang Shibao's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Zhejiang Shibao Co, which may create opportunities for some arbitrage if properly timed.
Using Zhejiang Shibao hype-based prediction, you can estimate the value of Zhejiang Shibao Co from the perspective of Zhejiang Shibao response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Zhejiang Shibao Co on the next trading day is expected to be 24.54 with a mean absolute deviation of 0.57 and the sum of the absolute errors of 34.68.

Zhejiang Shibao after-hype prediction price

    
  CNY 25.31  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Historical Fundamental Analysis of Zhejiang Shibao to cross-verify your projections.

Zhejiang Shibao Additional Predictive Modules

Most predictive techniques to examine Zhejiang price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Zhejiang using various technical indicators. When you analyze Zhejiang charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
A naive forecasting model for Zhejiang Shibao is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Zhejiang Shibao Co 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.

Zhejiang Shibao Naive Prediction Price Forecast For the 11th of January 2026

Given 90 days horizon, the Naive Prediction forecasted value of Zhejiang Shibao Co on the next trading day is expected to be 24.54 with a mean absolute deviation of 0.57, mean absolute percentage error of 0.74, and the sum of the absolute errors of 34.68.
Please note that although there have been many attempts to predict Zhejiang 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 Zhejiang Shibao's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Zhejiang Shibao Stock Forecast Pattern

Backtest Zhejiang ShibaoZhejiang Shibao Price PredictionBuy or Sell Advice 

Zhejiang Shibao Forecasted Value

In the context of forecasting Zhejiang Shibao'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. Zhejiang Shibao's downside and upside margins for the forecasting period are 20.12 and 28.96, respectively. We have considered Zhejiang Shibao'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.
Market Value
25.31
24.54
Expected Value
28.96
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 Zhejiang Shibao stock data series using in forecasting. Note that when a statistical model is used to represent Zhejiang Shibao 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 Criteria117.8047
BiasArithmetic mean of the errors None
MADMean absolute deviation0.5685
MAPEMean absolute percentage error0.0353
SAESum of the absolute errors34.6765
This model is not at all useful as a medium-long range forecasting tool of Zhejiang Shibao Co. 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 Zhejiang Shibao. 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 Zhejiang Shibao

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zhejiang Shibao. 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.
Hype
Prediction
LowEstimatedHigh
20.8925.3129.73
Details
Intrinsic
Valuation
LowRealHigh
16.5921.0125.43
Details
Bollinger
Band Projection (param)
LowMiddleHigh
6.2016.5726.94
Details

Other Forecasting Options for Zhejiang Shibao

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

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

Zhejiang Shibao 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 Zhejiang Shibao'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 Zhejiang Shibao's current price.

Zhejiang Shibao Market Strength Events

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

Zhejiang Shibao Risk Indicators

The analysis of Zhejiang Shibao'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 Zhejiang Shibao's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting zhejiang 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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Zhejiang Stock

Zhejiang Shibao financial ratios help investors to determine whether Zhejiang Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Zhejiang with respect to the benefits of owning Zhejiang Shibao security.