Rio Tinto Stock Forecast - 4 Period Moving Average
| CRA1 Stock | EUR 78.46 0.23 0.29% |
The 4 Period Moving Average forecasted value of Rio Tinto Group on the next trading day is expected to be 78.58 with a mean absolute deviation of 1.12 and the sum of the absolute errors of 64.10. Rio Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Rio Tinto stock prices and determine the direction of Rio Tinto Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Rio Tinto's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Rio Tinto to cross-verify your projections. Rio |
Most investors in Rio Tinto 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 Rio Tinto's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Rio Tinto's price structures and extracts relationships that further increase the generated results' accuracy.
A four-period moving average forecast model for Rio Tinto Group is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility. Rio Tinto 4 Period Moving Average Price Forecast For the 3rd of June
Given 90 days horizon, the 4 Period Moving Average forecasted value of Rio Tinto Group on the next trading day is expected to be 78.58 with a mean absolute deviation of 1.12, mean absolute percentage error of 1.95, and the sum of the absolute errors of 64.10.Please note that although there have been many attempts to predict Rio 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 Rio Tinto's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Rio Tinto Stock Forecast Pattern
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Rio Tinto Forecasted Value
In the context of forecasting Rio Tinto'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. Rio Tinto's downside and upside margins for the forecasting period are 76.98 and 80.17, respectively. We have considered Rio Tinto'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Rio Tinto stock data series using in forecasting. Note that when a statistical model is used to represent Rio Tinto 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 | 111.4288 |
| Bias | Arithmetic mean of the errors | -0.2878 |
| MAD | Mean absolute deviation | 1.1245 |
| MAPE | Mean absolute percentage error | 0.0145 |
| SAE | Sum of the absolute errors | 64.0975 |
Predictive Modules for Rio Tinto
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Rio Tinto Group. 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 Rio Tinto'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 Rio Tinto
For every potential investor in Rio, whether a beginner or expert, Rio Tinto's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Rio Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Rio. Basic forecasting techniques help filter out the noise by identifying Rio Tinto's price trends.Rio Tinto 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 Rio Tinto stock to make a market-neutral strategy. Peer analysis of Rio Tinto could also be used in its relative valuation, which is a method of valuing Rio Tinto by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Rio Tinto Group 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 Rio Tinto'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 Rio Tinto's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Rio Tinto Market Strength Events
Market strength indicators help investors to evaluate how Rio Tinto stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rio Tinto shares will generate the highest return on investment. By undertsting and applying Rio Tinto stock market strength indicators, traders can identify Rio Tinto Group entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 78.46 | |||
| Day Typical Price | 78.46 | |||
| Price Action Indicator | 0.11 | |||
| Period Momentum Indicator | 0.23 | |||
| Relative Strength Index | 55.16 |
Rio Tinto Risk Indicators
The analysis of Rio Tinto'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 Rio Tinto's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting rio 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 | 1.2 | |||
| Semi Deviation | 1.32 | |||
| Standard Deviation | 1.56 | |||
| Variance | 2.43 | |||
| Downside Variance | 2.47 | |||
| Semi Variance | 1.75 | |||
| Expected Short fall | (1.23) |
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.
Currently Active Assets on Macroaxis
Check out Historical Fundamental Analysis of Rio Tinto to cross-verify your projections. Note that the Rio Tinto Group information on this page should be used as a complementary analysis to other Rio Tinto'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 the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Rio Stock analysis
When running Rio Tinto's price analysis, check to measure Rio Tinto'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 Rio Tinto is operating at the current time. Most of Rio Tinto's value examination focuses on studying past and present price action to predict the probability of Rio Tinto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rio Tinto's price. Additionally, you may evaluate how the addition of Rio Tinto to your portfolios can decrease your overall portfolio volatility.
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