Ardmore Shpng Stock Forecast - 20 Period Moving Average
| ASC Stock | USD 22.02 0.51 2.26% |
The 20 Period Moving Average forecasted value of Ardmore Shpng on the next trading day is expected to be 22.37 with a mean absolute deviation of 1.72 and the sum of the absolute errors of 72.26. Ardmore Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ardmore Shpng stock prices and determine the direction of Ardmore Shpng's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ardmore Shpng's historical fundamentals, such as revenue growth or operating cash flow patterns.
Ardmore |
Open Interest Against 2024-06-21 Ardmore Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Ardmore Shpng's 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 Ardmore Shpng's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Ardmore Shpng 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 Ardmore Shpng's open interest, investors have to compare it to Ardmore Shpng's 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 Ardmore Shpng 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 Ardmore. 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 Ardmore Shpng 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 Ardmore Shpng's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ardmore Shpng's price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Ardmore Shpng is based on a synthetically constructed Ardmore Shpngdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Ardmore Shpng 20 Period Moving Average Price Forecast For the 13th of June 2024
Given 90 days horizon, the 20 Period Moving Average forecasted value of Ardmore Shpng on the next trading day is expected to be 22.37 with a mean absolute deviation of 1.72, mean absolute percentage error of 5.27, and the sum of the absolute errors of 72.26.Please note that although there have been many attempts to predict Ardmore 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 Ardmore Shpng's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ardmore Shpng Stock Forecast Pattern
| Backtest Ardmore Shpng | Ardmore Shpng Price Prediction | Buy or Sell Advice |
Ardmore Shpng Forecasted Value
In the context of forecasting Ardmore Shpng'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. Ardmore Shpng's downside and upside margins for the forecasting period are 19.66 and 25.07, respectively. We have considered Ardmore Shpng'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Ardmore Shpng stock data series using in forecasting. Note that when a statistical model is used to represent Ardmore Shpng 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 | 84.8522 |
| Bias | Arithmetic mean of the errors | -1.5628 |
| MAD | Mean absolute deviation | 1.7205 |
| MAPE | Mean absolute percentage error | 0.0824 |
| SAE | Sum of the absolute errors | 72.2605 |
Predictive Modules for Ardmore Shpng
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ardmore Shpng. 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 Ardmore Shpng'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.
Other Forecasting Options for Ardmore Shpng
For every potential investor in Ardmore, whether a beginner or expert, Ardmore Shpng's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ardmore Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ardmore. Basic forecasting techniques help filter out the noise by identifying Ardmore Shpng's price trends.Ardmore Shpng 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 Ardmore Shpng stock to make a market-neutral strategy. Peer analysis of Ardmore Shpng could also be used in its relative valuation, which is a method of valuing Ardmore Shpng by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ardmore Shpng 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 Ardmore Shpng'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 Ardmore Shpng's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ardmore Shpng Market Strength Events
Market strength indicators help investors to evaluate how Ardmore Shpng stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ardmore Shpng shares will generate the highest return on investment. By undertsting and applying Ardmore Shpng stock market strength indicators, traders can identify Ardmore Shpng entry and exit signals to maximize returns.
| Accumulation Distribution | 19707.85 | |||
| Daily Balance Of Power | (0.88) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 21.82 | |||
| Day Typical Price | 21.89 | |||
| Price Action Indicator | (0.06) | |||
| Period Momentum Indicator | (0.51) |
Ardmore Shpng Risk Indicators
The analysis of Ardmore Shpng'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 Ardmore Shpng's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ardmore 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 | 1.77 | |||
| Semi Deviation | 1.34 | |||
| Standard Deviation | 2.66 | |||
| Variance | 7.07 | |||
| Downside Variance | 2.93 | |||
| Semi Variance | 1.79 | |||
| Expected Short fall | (2.19) |
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.Additional Information and Resources on Investing in Ardmore Stock
When determining whether Ardmore Shpng offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ardmore Shpng's 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 Ardmore Shpng Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ardmore Shpng Stock:Check out Historical Fundamental Analysis of Ardmore Shpng to cross-verify your projections. For information on how to trade Ardmore Stock refer to our How to Trade Ardmore Stock guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Is Oil & Gas Storage & Transportation 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 Ardmore Shpng. If investors know Ardmore 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 Ardmore Shpng 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 (0.12) | Dividend Share 0.87 | Earnings Share 2.59 | Revenue Per Share 9.301 | Quarterly Revenue Growth (0.10) |
The market value of Ardmore Shpng is measured differently than its book value, which is the value of Ardmore that is recorded on the company's balance sheet. Investors also form their own opinion of Ardmore Shpng's value that differs from its market value or its book value, called intrinsic value, which is Ardmore Shpng'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 Ardmore Shpng's market value can be influenced by many factors that don't directly affect Ardmore Shpng'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 Ardmore Shpng's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ardmore Shpng is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ardmore Shpng'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.