GALENA MINING Stock Forecast - 8 Period Moving Average
| GM6 Stock | EUR 0.03 0.00 0.00% |
The 8 Period Moving Average forecasted value of GALENA MINING LTD on the next trading day is expected to be 0.03 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. GALENA Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast GALENA MINING stock prices and determine the direction of GALENA MINING LTD's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of GALENA MINING's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of GALENA MINING to cross-verify your projections. GALENA |
Most investors in GALENA MINING 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 GALENA MINING's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets GALENA MINING's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for GALENA MINING is based on an artificially constructed time series of GALENA MINING daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. GALENA MINING 8 Period Moving Average Price Forecast For the 27th of May
Given 90 days horizon, the 8 Period Moving Average forecasted value of GALENA MINING LTD on the next trading day is expected to be 0.03 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict GALENA 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 GALENA MINING's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
GALENA MINING Stock Forecast Pattern
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GALENA MINING Forecasted Value
In the context of forecasting GALENA MINING'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. GALENA MINING's downside and upside margins for the forecasting period are 0.03 and 0.03, respectively. We have considered GALENA MINING'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of GALENA MINING stock data series using in forecasting. Note that when a statistical model is used to represent GALENA MINING 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 | -9.223372036854776E14 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for GALENA MINING
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GALENA MINING LTD. 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 GALENA MINING'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 GALENA MINING
For every potential investor in GALENA, whether a beginner or expert, GALENA MINING's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. GALENA Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in GALENA. Basic forecasting techniques help filter out the noise by identifying GALENA MINING's price trends.GALENA MINING 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 GALENA MINING stock to make a market-neutral strategy. Peer analysis of GALENA MINING could also be used in its relative valuation, which is a method of valuing GALENA MINING by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
GALENA MINING LTD 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 GALENA MINING'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 GALENA MINING's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
GALENA MINING Market Strength Events
Market strength indicators help investors to evaluate how GALENA MINING stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GALENA MINING shares will generate the highest return on investment. By undertsting and applying GALENA MINING stock market strength indicators, traders can identify GALENA MINING LTD entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.0305 | |||
| Day Typical Price | 0.0305 |
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Check out Historical Fundamental Analysis of GALENA MINING to cross-verify your projections. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for GALENA Stock analysis
When running GALENA MINING's price analysis, check to measure GALENA MINING'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 GALENA MINING is operating at the current time. Most of GALENA MINING's value examination focuses on studying past and present price action to predict the probability of GALENA MINING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GALENA MINING's price. Additionally, you may evaluate how the addition of GALENA MINING to your portfolios can decrease your overall portfolio volatility.
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