ShaMaran Petroleum Stock Forecast - Naive Prediction
| 3B8 Stock | EUR 0.05 0.01 15.83% |
The Naive Prediction forecasted value of ShaMaran Petroleum Corp on the next trading day is expected to be 0.05 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.07. ShaMaran Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ShaMaran Petroleum stock prices and determine the direction of ShaMaran Petroleum Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ShaMaran Petroleum's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of ShaMaran Petroleum to cross-verify your projections. ShaMaran |
Most investors in ShaMaran Petroleum 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 ShaMaran Petroleum's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ShaMaran Petroleum's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for ShaMaran Petroleum is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of ShaMaran Petroleum 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. ShaMaran Petroleum Naive Prediction Price Forecast For the 24th of April
Given 90 days horizon, the Naive Prediction forecasted value of ShaMaran Petroleum Corp on the next trading day is expected to be 0.05 with a mean absolute deviation of 0, mean absolute percentage error of 0.00000245, and the sum of the absolute errors of 0.07.Please note that although there have been many attempts to predict ShaMaran 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 ShaMaran Petroleum's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ShaMaran Petroleum Stock Forecast Pattern
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ShaMaran Petroleum Forecasted Value
In the context of forecasting ShaMaran Petroleum'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. ShaMaran Petroleum's downside and upside margins for the forecasting period are 0.0005 and 6.93, respectively. We have considered ShaMaran Petroleum'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 ShaMaran Petroleum stock data series using in forecasting. Note that when a statistical model is used to represent ShaMaran Petroleum 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 | 105.1903 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0011 |
| MAPE | Mean absolute percentage error | 0.0397 |
| SAE | Sum of the absolute errors | 0.069 |
Predictive Modules for ShaMaran Petroleum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ShaMaran Petroleum 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 ShaMaran Petroleum'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 ShaMaran Petroleum
For every potential investor in ShaMaran, whether a beginner or expert, ShaMaran Petroleum's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ShaMaran Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ShaMaran. Basic forecasting techniques help filter out the noise by identifying ShaMaran Petroleum's price trends.ShaMaran Petroleum 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 ShaMaran Petroleum stock to make a market-neutral strategy. Peer analysis of ShaMaran Petroleum could also be used in its relative valuation, which is a method of valuing ShaMaran Petroleum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ShaMaran Petroleum 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 ShaMaran Petroleum'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 ShaMaran Petroleum's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ShaMaran Petroleum Market Strength Events
Market strength indicators help investors to evaluate how ShaMaran Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ShaMaran Petroleum shares will generate the highest return on investment. By undertsting and applying ShaMaran Petroleum stock market strength indicators, traders can identify ShaMaran Petroleum Corp entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.16 | |||
| Day Median Price | 0.0483 | |||
| Day Typical Price | 0.0483 | |||
| Price Action Indicator | 0.0033 | |||
| Period Momentum Indicator | 0.0066 |
ShaMaran Petroleum Risk Indicators
The analysis of ShaMaran Petroleum'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 ShaMaran Petroleum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shamaran 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 | 3.73 | |||
| Semi Deviation | 3.58 | |||
| Standard Deviation | 6.43 | |||
| Variance | 41.31 | |||
| Downside Variance | 29.3 | |||
| Semi Variance | 12.81 | |||
| Expected Short fall | (5.60) |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ShaMaran Petroleum in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ShaMaran Petroleum's short interest history, or implied volatility extrapolated from ShaMaran Petroleum options trading.
Thematic Opportunities
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Check out Historical Fundamental Analysis of ShaMaran Petroleum to cross-verify your projections. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for ShaMaran Stock analysis
When running ShaMaran Petroleum's price analysis, check to measure ShaMaran Petroleum'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 ShaMaran Petroleum is operating at the current time. Most of ShaMaran Petroleum's value examination focuses on studying past and present price action to predict the probability of ShaMaran Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ShaMaran Petroleum's price. Additionally, you may evaluate how the addition of ShaMaran Petroleum to your portfolios can decrease your overall portfolio volatility.
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