MV Oil Stock Forecast - Naive Prediction
| MVO Stock | USD 9.10 0.23 2.59% |
The Naive Prediction forecasted value of MV Oil Trust on the next trading day is expected to be 9.23 with a mean absolute deviation of 0.17 and the sum of the absolute errors of 10.57. MVO Stock Forecast is based on your current time horizon. Although MV Oil's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of MV Oil's systematic risk associated with finding meaningful patterns of MV Oil fundamentals over time.
MVO |
Open Interest Against 2024-06-21 MVO Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast MV Oil'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 MV Oil's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for MV Oil 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 MV Oil's open interest, investors have to compare it to MV Oil'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 MV Oil 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 MVO. 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 MV Oil 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 MV Oil's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets MV Oil's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for MV Oil is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of MV Oil Trust 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. MV Oil Naive Prediction Price Forecast For the 13th of June 2024
Given 90 days horizon, the Naive Prediction forecasted value of MV Oil Trust on the next trading day is expected to be 9.23 with a mean absolute deviation of 0.17, mean absolute percentage error of 0.05, and the sum of the absolute errors of 10.57.Please note that although there have been many attempts to predict MVO 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 MV Oil's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
MV Oil Stock Forecast Pattern
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MV Oil Forecasted Value
In the context of forecasting MV Oil'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. MV Oil's downside and upside margins for the forecasting period are 7.16 and 11.29, respectively. We have considered MV Oil'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 MV Oil stock data series using in forecasting. Note that when a statistical model is used to represent MV Oil 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 | 116.8819 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1705 |
| MAPE | Mean absolute percentage error | 0.0173 |
| SAE | Sum of the absolute errors | 10.5692 |
Predictive Modules for MV Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MV Oil Trust. 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 MV Oil'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 MV Oil
For every potential investor in MVO, whether a beginner or expert, MV Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MVO Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MVO. Basic forecasting techniques help filter out the noise by identifying MV Oil's price trends.MV Oil 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 MV Oil stock to make a market-neutral strategy. Peer analysis of MV Oil could also be used in its relative valuation, which is a method of valuing MV Oil by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MV Oil Trust 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 MV Oil'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 MV Oil's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
MV Oil Market Strength Events
Market strength indicators help investors to evaluate how MV Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MV Oil shares will generate the highest return on investment. By undertsting and applying MV Oil stock market strength indicators, traders can identify MV Oil Trust entry and exit signals to maximize returns.
| Accumulation Distribution | 969.33 | |||
| Daily Balance Of Power | 1.352941 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 9.07 | |||
| Day Typical Price | 9.08 | |||
| Price Action Indicator | 0.15 | |||
| Period Momentum Indicator | 0.23 |
MV Oil Risk Indicators
The analysis of MV Oil'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 MV Oil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mvo 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 | 2.01 | |||
| Standard Deviation | 2.03 | |||
| Variance | 4.11 | |||
| Downside Variance | 4.48 | |||
| Semi Variance | 4.05 | |||
| Expected Short fall | (1.62) |
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 ArchitectAdditional Information and Resources on Investing in MVO Stock
When determining whether MV Oil Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MV Oil'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 Mv Oil Trust Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mv Oil Trust Stock:Check out Historical Fundamental Analysis of MV Oil to cross-verify your projections. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Oil & Gas Exploration & Production 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 MV Oil. If investors know MVO 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 MV Oil 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 0.134 | Dividend Share 1.5 | Earnings Share 1.51 | Revenue Per Share 1.604 | Quarterly Revenue Growth 0.072 |
The market value of MV Oil Trust is measured differently than its book value, which is the value of MVO that is recorded on the company's balance sheet. Investors also form their own opinion of MV Oil's value that differs from its market value or its book value, called intrinsic value, which is MV Oil'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 MV Oil's market value can be influenced by many factors that don't directly affect MV Oil'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 MV Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if MV Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MV Oil'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.