Generation Mining Stock Forecast - Naive Prediction

GENM Stock  CAD 0.27  0.01  3.57%   
The Naive Prediction forecasted value of Generation Mining on the next trading day is expected to be 0.25 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.53. Generation Stock Forecast is based on your current time horizon. Although Generation Mining's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Generation Mining's systematic risk associated with finding meaningful patterns of Generation Mining fundamentals over time.
  
As of the 14th of June 2024, Payables Turnover is likely to grow to 825.44, while Inventory Turnover is likely to drop 3.51. . As of the 14th of June 2024, Common Stock Shares Outstanding is likely to drop to about 131.3 M. In addition to that, Net Loss is likely to grow to about (48.1 M).
Most investors in Generation Mining 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 Generation Mining's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Generation Mining's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Generation Mining is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Generation Mining 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.

Generation Mining Naive Prediction Price Forecast For the 15th of June 2024

Given 90 days horizon, the Naive Prediction forecasted value of Generation Mining on the next trading day is expected to be 0.25 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0001, and the sum of the absolute errors of 0.53.
Please note that although there have been many attempts to predict Generation 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 Generation Mining's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Generation Mining Stock Forecast Pattern

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Generation Mining Forecasted Value

In the context of forecasting Generation Mining'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. Generation Mining's downside and upside margins for the forecasting period are 0 and 5.24, respectively. We have considered Generation Mining'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
0.27
0.25
Expected Value
5.24
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 Generation Mining stock data series using in forecasting. Note that when a statistical model is used to represent Generation Mining 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 Criteria111.1062
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0085
MAPEMean absolute percentage error0.0319
SAESum of the absolute errors0.5261
This model is not at all useful as a medium-long range forecasting tool of Generation Mining. 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 Generation Mining. 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 Generation Mining

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Generation Mining. 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 Generation Mining'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.
Hype
Prediction
LowEstimatedHigh
0.010.275.26
Details
Intrinsic
Valuation
LowRealHigh
0.010.235.22
Details

Other Forecasting Options for Generation Mining

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

Generation Mining 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 Generation Mining stock to make a market-neutral strategy. Peer analysis of Generation Mining could also be used in its relative valuation, which is a method of valuing Generation Mining by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Generation Mining 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 Generation Mining'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 Generation Mining's current price.

Generation Mining Market Strength Events

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

Generation Mining Risk Indicators

The analysis of Generation Mining'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 Generation Mining's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting generation 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.
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.

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Other Information on Investing in Generation Stock

Generation Mining financial ratios help investors to determine whether Generation Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Generation with respect to the benefits of owning Generation Mining security.