Southstone Minerals Stock Forecast - Polynomial Regression
| SML Stock | 0.01 1,338 100.00% |
The Polynomial Regression forecasted value of Southstone Minerals on the next trading day is expected to be 1,286 with a mean absolute deviation of 148.68 and the sum of the absolute errors of 9,070. Southstone Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Southstone Minerals stock prices and determine the direction of Southstone Minerals's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Southstone Minerals' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Southstone Minerals' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Southstone Minerals' systematic risk associated with finding meaningful patterns of Southstone Minerals fundamentals over time.
Check out Historical Fundamental Analysis of Southstone Minerals to cross-verify your projections. Southstone |
Most investors in Southstone Minerals 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 Southstone Minerals' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Southstone Minerals' price structures and extracts relationships that further increase the generated results' accuracy.
Southstone Minerals polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Southstone Minerals as well as the accuracy indicators are determined from the period prices. Southstone Minerals Polynomial Regression Price Forecast For the 23rd of May
Given 90 days horizon, the Polynomial Regression forecasted value of Southstone Minerals on the next trading day is expected to be 1,286 with a mean absolute deviation of 148.68, mean absolute percentage error of 68,715, and the sum of the absolute errors of 9,070.Please note that although there have been many attempts to predict Southstone 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 Southstone Minerals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Southstone Minerals Stock Forecast Pattern
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Southstone Minerals Forecasted Value
In the context of forecasting Southstone Minerals' 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. Southstone Minerals' downside and upside margins for the forecasting period are 1,159 and 1,413, respectively. We have considered Southstone Minerals' 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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Southstone Minerals stock data series using in forecasting. Note that when a statistical model is used to represent Southstone Minerals 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 | 129.2482 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 148.6846 |
| MAPE | Mean absolute percentage error | 9731.6264 |
| SAE | Sum of the absolute errors | 9069.7581 |
Predictive Modules for Southstone Minerals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Southstone Minerals. 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 Southstone Minerals' 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 Southstone Minerals
For every potential investor in Southstone, whether a beginner or expert, Southstone Minerals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Southstone Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Southstone. Basic forecasting techniques help filter out the noise by identifying Southstone Minerals' price trends.Southstone Minerals 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 Southstone Minerals stock to make a market-neutral strategy. Peer analysis of Southstone Minerals could also be used in its relative valuation, which is a method of valuing Southstone Minerals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Southstone Minerals 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 Southstone Minerals' 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 Southstone Minerals' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Southstone Minerals Market Strength Events
Market strength indicators help investors to evaluate how Southstone Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Southstone Minerals shares will generate the highest return on investment. By undertsting and applying Southstone Minerals stock market strength indicators, traders can identify Southstone Minerals entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Day Median Price | 0.01 | |||
| Day Typical Price | 0.01 | |||
| Price Action Indicator | (668.82) | |||
| Period Momentum Indicator | (1,338) |
Pair Trading with Southstone Minerals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Southstone Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Southstone Minerals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Southstone Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southstone Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Southstone Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Southstone Minerals to buy it.
The correlation of Southstone Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southstone Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southstone Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Southstone Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Southstone Minerals 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.
Complementary Tools for Southstone Stock analysis
When running Southstone Minerals' price analysis, check to measure Southstone Minerals' 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 Southstone Minerals is operating at the current time. Most of Southstone Minerals' value examination focuses on studying past and present price action to predict the probability of Southstone Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southstone Minerals' price. Additionally, you may evaluate how the addition of Southstone Minerals to your portfolios can decrease your overall portfolio volatility.
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