GREENX METALS Stock Forecast - Naive Prediction

5PMA Stock   0.59  0.04  6.35%   
GREENX Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast GREENX METALS stock prices and determine the direction of GREENX METALS LTD's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of GREENX METALS historical fundamentals such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of GREENX METALS to cross-verify your projections.
  
Most investors in GREENX METALS 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 GREENX METALS's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets GREENX METALS's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for GREENX METALS is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of GREENX METALS LTD 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.

GREENX METALS Naive Prediction Price Forecast For the 23rd of February

Given 90 days horizon, the Naive Prediction forecasted value of GREENX METALS LTD on the next trading day is expected to be 0.54 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0005, and the sum of the absolute errors of 1.08.
Please note that although there have been many attempts to predict GREENX 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 GREENX METALS's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

GREENX METALS Stock Forecast Pattern

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GREENX METALS Forecasted Value

In the context of forecasting GREENX METALS'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. GREENX METALS's downside and upside margins for the forecasting period are 0.01 and 5.87, respectively. We have considered GREENX METALS'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.
Market Value
0.59
0.54
Expected Value
5.87
Upside

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 GREENX METALS stock data series using in forecasting. Note that when a statistical model is used to represent GREENX METALS 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.
AICAkaike Information Criteria110.4393
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0177
MAPEMean absolute percentage error0.0309
SAESum of the absolute errors1.0792
This model is not at all useful as a medium-long range forecasting tool of GREENX METALS LTD. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict GREENX METALS. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for GREENX METALS

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GREENX METALS LTD. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of GREENX METALS'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. Please use the tools below to analyze the current value of GREENX METALS in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
0.030.595.90
Details
Intrinsic
Valuation
LowRealHigh
0.020.495.80
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as GREENX METALS. Your research has to be compared to or analyzed against GREENX METALS's peers to derive any actionable benefits. When done correctly, GREENX METALS's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in GREENX METALS LTD.

Other Forecasting Options for GREENX METALS

For every potential investor in GREENX, whether a beginner or expert, GREENX METALS's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. GREENX Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in GREENX. Basic forecasting techniques help filter out the noise by identifying GREENX METALS's price trends.

GREENX METALS 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 GREENX METALS stock to make a market-neutral strategy. Peer analysis of GREENX METALS could also be used in its relative valuation, which is a method of valuing GREENX METALS by comparing valuation metrics with similar companies.
Lyxor 1 -Xtrackers - ShortDAXXtrackers - LevDAXSuperior Plus CorpNMI HoldingsOrigin AgritechSIVERS SEMICONDUCTORSNorAm Drilling ASAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health Corp
 Risk & Return  Correlation

GREENX METALS LTD 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 GREENX METALS'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 GREENX METALS's current price.

GREENX METALS Market Strength Events

Market strength indicators help investors to evaluate how GREENX METALS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GREENX METALS shares will generate the highest return on investment. By undertsting and applying GREENX METALS stock market strength indicators, traders can identify GREENX METALS LTD entry and exit signals to maximize returns.

GREENX METALS Risk Indicators

The analysis of GREENX METALS's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in GREENX METALS's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting GREENX METALS stock price, 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.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock 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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Check out Historical Fundamental Analysis of GREENX METALS to cross-verify your projections.
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Please note, there is a significant difference between GREENX METALS's value and its price as these two are different measures arrived at by different means. Investors typically determine if GREENX METALS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GREENX METALS'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.