Kinross Gold Stock Forecast - Naive Prediction
| K Stock | CAD 11.07 0.03 0.27% |
The Naive Prediction forecasted value of Kinross Gold Corp on the next trading day is expected to be 10.61 with a mean absolute deviation of 0.17 and the sum of the absolute errors of 10.23. Kinross Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Kinross Gold stock prices and determine the direction of Kinross Gold Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Kinross Gold's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Kinross Gold's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Kinross Gold's systematic risk associated with finding meaningful patterns of Kinross Gold fundamentals over time.
Check out Historical Fundamental Analysis of Kinross Gold to cross-verify your projections. Kinross |
Most investors in Kinross Gold 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 Kinross Gold's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Kinross Gold's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Kinross Gold is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Kinross Gold Corp 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. Kinross Gold Naive Prediction Price Forecast For the 3rd of June
Given 90 days horizon, the Naive Prediction forecasted value of Kinross Gold Corp on the next trading day is expected to be 10.61 with a mean absolute deviation of 0.17, mean absolute percentage error of 0.04, and the sum of the absolute errors of 10.23.Please note that although there have been many attempts to predict Kinross 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 Kinross Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Kinross Gold Stock Forecast Pattern
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Kinross Gold Forecasted Value
In the context of forecasting Kinross Gold'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. Kinross Gold's downside and upside margins for the forecasting period are 8.54 and 12.69, respectively. We have considered Kinross Gold'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Kinross Gold stock data series using in forecasting. Note that when a statistical model is used to represent Kinross Gold 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 | 114.969 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1678 |
| MAPE | Mean absolute percentage error | 0.0186 |
| SAE | Sum of the absolute errors | 10.2334 |
Predictive Modules for Kinross Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kinross Gold 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 Kinross Gold'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 Kinross Gold
For every potential investor in Kinross, whether a beginner or expert, Kinross Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Kinross Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Kinross. Basic forecasting techniques help filter out the noise by identifying Kinross Gold's price trends.Kinross Gold 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 Kinross Gold stock to make a market-neutral strategy. Peer analysis of Kinross Gold could also be used in its relative valuation, which is a method of valuing Kinross Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kinross Gold 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 Kinross Gold'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 Kinross Gold's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Kinross Gold Market Strength Events
Market strength indicators help investors to evaluate how Kinross Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kinross Gold shares will generate the highest return on investment. By undertsting and applying Kinross Gold stock market strength indicators, traders can identify Kinross Gold Corp entry and exit signals to maximize returns.
Kinross Gold Risk Indicators
The analysis of Kinross Gold'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 Kinross Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kinross 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 | 1.61 | |||
| Semi Deviation | 1.28 | |||
| Standard Deviation | 2.16 | |||
| Variance | 4.68 | |||
| Downside Variance | 4.46 | |||
| Semi Variance | 1.64 | |||
| Expected Short fall | (2.00) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Kinross Gold to cross-verify your projections. To learn how to invest in Kinross Stock, please use our How to Invest in Kinross Gold guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Kinross Stock analysis
When running Kinross Gold's price analysis, check to measure Kinross Gold'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 Kinross Gold is operating at the current time. Most of Kinross Gold's value examination focuses on studying past and present price action to predict the probability of Kinross Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kinross Gold's price. Additionally, you may evaluate how the addition of Kinross Gold to your portfolios can decrease your overall portfolio volatility.
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