Integra Resources Stock Forecast - Double Exponential Smoothing
| ITRG Stock | USD 0.85 0.04 4.49% |
The Double Exponential Smoothing forecasted value of Integra Resources Corp on the next trading day is expected to be 0.85 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.49. Integra Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Integra Resources stock prices and determine the direction of Integra Resources Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Integra Resources' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Integra Resources' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Integra Resources' systematic risk associated with finding meaningful patterns of Integra Resources fundamentals over time.
Check out Historical Fundamental Analysis of Integra Resources to cross-verify your projections. Integra |
Most investors in Integra Resources 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 Integra Resources' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Integra Resources' price structures and extracts relationships that further increase the generated results' accuracy.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Integra Resources works best with periods where there are trends or seasonality. Integra Resources Double Exponential Smoothing Price Forecast For the 6th of June
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Integra Resources Corp on the next trading day is expected to be 0.85 with a mean absolute deviation of 0.02, mean absolute percentage error of 0, and the sum of the absolute errors of 1.49.Please note that although there have been many attempts to predict Integra 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 Integra Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Integra Resources Stock Forecast Pattern
| Backtest Integra Resources | Integra Resources Price Prediction | Buy or Sell Advice |
Integra Resources Forecasted Value
In the context of forecasting Integra Resources' 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. Integra Resources' downside and upside margins for the forecasting period are 0.01 and 4.85, respectively. We have considered Integra Resources' 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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Integra Resources stock data series using in forecasting. Note that when a statistical model is used to represent Integra Resources 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.0038 |
| MAD | Mean absolute deviation | 0.0248 |
| MAPE | Mean absolute percentage error | 0.0301 |
| SAE | Sum of the absolute errors | 1.4897 |
Predictive Modules for Integra Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Integra Resources Corp. 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 Integra Resources' 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 Integra Resources
For every potential investor in Integra, whether a beginner or expert, Integra Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Integra Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Integra. Basic forecasting techniques help filter out the noise by identifying Integra Resources' price trends.Integra Resources 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 Integra Resources stock to make a market-neutral strategy. Peer analysis of Integra Resources could also be used in its relative valuation, which is a method of valuing Integra Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Integra Resources Corp 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 Integra Resources' 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 Integra Resources' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Integra Resources Market Strength Events
Market strength indicators help investors to evaluate how Integra Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Integra Resources shares will generate the highest return on investment. By undertsting and applying Integra Resources stock market strength indicators, traders can identify Integra Resources Corp entry and exit signals to maximize returns.
Integra Resources Risk Indicators
The analysis of Integra Resources' 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 Integra Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting integra 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 | 2.92 | |||
| Semi Deviation | 2.92 | |||
| Standard Deviation | 4.04 | |||
| Variance | 16.31 | |||
| Downside Variance | 13.85 | |||
| Semi Variance | 8.51 | |||
| Expected Short fall | (4.29) |
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.
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Integra Stock
When determining whether Integra Resources Corp is a strong investment it is important to analyze Integra Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Integra Resources' future performance. For an informed investment choice regarding Integra Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Integra Resources to cross-verify your projections. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Diversified Metals & Mining 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 Integra Resources. If investors know Integra 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 Integra Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.41) | Return On Assets (0.20) | Return On Equity (0.89) |
The market value of Integra Resources Corp is measured differently than its book value, which is the value of Integra that is recorded on the company's balance sheet. Investors also form their own opinion of Integra Resources' value that differs from its market value or its book value, called intrinsic value, which is Integra Resources' 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 Integra Resources' market value can be influenced by many factors that don't directly affect Integra Resources' 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 Integra Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Integra Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Integra Resources' 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.