Avino Silver Stock Forecast - Polynomial Regression

ASM -  USA Stock  

USD 0.82  0.02  2.50%

Avino Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Avino Silver historical stock prices and determine the direction of Avino Silver Gold'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 Avino Silver historical fundamentals such as revenue growth or operating cash flow patterns. Although Avino Silver naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Avino Silver Gold systematic risk associated with finding meaningful patterns of Avino Silver fundamentals over time.
Please continue to Historical Fundamental Analysis of Avino Silver to cross-verify your projections.

Avino Stock Forecast 

 
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Asset Turnover is expected to hike to 0.24 this year. The value of Weighted Average Shares is estimated to pull down to about 76.7 M. The value of Weighted Average Shares Diluted is expected to pull down to about 77.1 M.
Most investors in Avino Silver 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 Avino Silver's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Avino Silver's price structures and extracts relationships that further increase the generated results' accuracy.
Avino Silver polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Avino Silver Gold as well as the accuracy indicators are determined from the period prices.

Avino Silver Polynomial Regression Price Forecast For the 26th of January

Given 90 days horizon, the Polynomial Regression forecasted value of Avino Silver Gold on the next trading day is expected to be 0.89 with a mean absolute deviation of 0.036603, mean absolute percentage error of 0.001981, and the sum of the absolute errors of 2.27. Please note that although there have been many attempts to predict Avino 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 Avino Silver's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Avino Silver Stock Forecast Pattern

Backtest Avino SilverAvino Silver Price PredictionBuy or Sell Advice 

Avino Silver Forecasted Value

In the context of forecasting Avino Silver'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. Avino Silver's downside and upside margins for the forecasting period are 0.0082 and 4.32, respectively. We have considered Avino Silver'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
0.82
25th of January 2022
0.0082
Downside
0.89
Expected Value
4.32
Upside

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 Avino Silver stock data series using in forecasting. Note that when a statistical model is used to represent Avino Silver 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 Criteria113.7244
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0366
MAPEMean absolute percentage error0.041
SAESum of the absolute errors2.2694
A single variable polynomial regression model attempts to put a curve through the Avino Silver historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Avino Silver

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Avino Silver Gold. 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 Avino Silver'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 Avino Silver in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.040.824.25
Details
Intrinsic
Valuation
LowReal ValueHigh
0.051.014.44
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.700.861.01
Details
2 Analysts
Consensus
LowTarget PriceHigh
1.251.682.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Avino Silver. Your research has to be compared to or analyzed against Avino Silver's peers to derive any actionable benefits. When done correctly, Avino Silver's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Avino Silver Gold.

Other Forecasting Options for Avino Silver

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

View Currently 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 Avino Silver stock to make a market-neutral strategy. Peer analysis of Avino Silver could also be used in its relative valuation, which is a method of valuing Avino Silver by comparing valuation metrics with similar companies.

Avino Silver Gold 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 Avino Silver'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 Avino Silver's current price.

Avino Silver Risk Indicators

The analysis of Avino Silver'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 Avino Silver's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Avino Silver 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.

Avino Silver Investors Sentiment

The influence of Avino Silver's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Avino. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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 Avino Silver 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, Avino Silver's short interest history, or implied volatility extrapolated from Avino Silver options trading.

Current Sentiment - ASM

Avino Silver Gold Investor Sentiment

Greater number of Macroaxis users are presently bullish on Avino Silver Gold. What is your sentiment towards investing in Avino Silver Gold? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Trading with Avino Silver

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 Avino Silver 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 Avino Silver will appreciate offsetting losses from the drop in the long position's value.

Avino Silver Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Avino Silver and First Majestic Silver. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Please continue to Historical Fundamental Analysis of Avino Silver to cross-verify your projections. Note that the Avino Silver Gold information on this page should be used as a complementary analysis to other Avino Silver's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for Avino Stock analysis

When running Avino Silver Gold price analysis, check to measure Avino Silver'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 Avino Silver is operating at the current time. Most of Avino Silver's value examination focuses on studying past and present price action to predict the probability of Avino Silver's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Avino Silver's price. Additionally, you may evaluate how the addition of Avino Silver to your portfolios can decrease your overall portfolio volatility.
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Is Avino Silver's industry 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 Avino Silver. If investors know Avino 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 Avino Silver listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Avino Silver Gold is measured differently than its book value, which is the value of Avino that is recorded on the company's balance sheet. Investors also form their own opinion of Avino Silver's value that differs from its market value or its book value, called intrinsic value, which is Avino Silver'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 Avino Silver's market value can be influenced by many factors that don't directly affect Avino Silver'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 Avino Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine Avino Silver value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avino Silver'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.