Loop Industries Stock Forecast - Naive Prediction

LOOP -  USA Stock  

USD 14.22  0.07  0.49%

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

Loop Industries Stock Forecast 

 
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Loop Industries Total Assets are very stable at the moment as compared to the past year. Loop Industries reported last year Total Assets of 43.4 Million. As of 29th of November 2021, Current Assets is likely to grow to about 38 M, while Total Liabilities is likely to drop about 7.9 M.

Open Interest Agains t 2021-12-17 Loop Industries Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Loop Industries' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Loop Industries' options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Loop Industries stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Loop Industries' open interest, investors have to compare it to Loop Industries' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Loop Industries is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Loop Industries. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Loop Industries 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 Loop Industries' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Loop Industries' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Loop Industries is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Loop Industries 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.

Loop Industries Naive Prediction Price Forecast For the 30th of November

Given 90 days horizon, the Naive Prediction forecasted value of Loop Industries on the next trading day is expected to be 12.65 with a mean absolute deviation of 0.61, mean absolute percentage error of 0.56, and the sum of the absolute errors of 37.32. Please note that although there have been many attempts to predict Loop Industries 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 Loop Industries' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Loop Industries Stock Forecast Pattern

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Loop Industries Forecasted Value

In the context of forecasting Loop Industries' 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. Loop Industries' downside and upside margins for the forecasting period are 8.67 and 16.63, respectively. We have considered Loop Industries' 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
14.22
29th of November 2021
12.65
Expected Value
16.63
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 Loop Industries stock data series using in forecasting. Note that when a statistical model is used to represent Loop Industries 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 Criteria117.5349
BiasArithmetic mean of the errors None
MADMean absolute deviation0.6118
MAPEMean absolute percentage error0.0465
SAESum of the absolute errors37.3202
This model is not at all useful as a medium-long range forecasting tool of Loop Industries. 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 Loop Industries. 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 Loop Industries

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Loop Industries. 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 Loop Industries' 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 Loop Industries in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.8513.8017.75
Details
Intrinsic
Valuation
LowReal ValueHigh
13.4517.4021.35
Details
3 Analysts
Consensus
LowTarget PriceHigh
19.5020.8323.00
Details
Earnings
Estimates (2)
LowProjected EPSHigh
-1.03-0.75-0.46
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Loop Industries. Your research has to be compared to or analyzed against Loop Industries' peers to derive any actionable benefits. When done correctly, Loop Industries' 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 Loop Industries.

Other Forecasting Options for Loop Industries

For every potential investor in Loop Industries, whether a beginner or expert, Loop Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Loop Industries Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Loop Industries. Basic forecasting techniques help filter out the noise by identifying Loop Industries' 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 Loop Industries stock to make a market-neutral strategy. Peer analysis of Loop Industries could also be used in its relative valuation, which is a method of valuing Loop Industries by comparing valuation metrics with similar companies.

Loop Industries 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 Loop Industries' 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 Loop Industries' current price.

Loop Industries Market Strength Events

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

Loop Industries Risk Indicators

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

Loop Industries Investors Sentiment

The influence of Loop Industries' 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 Loop Industries. 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.

Loop Industries Implied Volatility

    
  89.88  
Loop Industries' implied volatility exposes the market's sentiment of Loop Industries stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Loop Industries' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Loop Industries stock will not fluctuate a lot when Loop Industries' options are near their expiration.
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 Loop Industries 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, Loop Industries' short interest history, or implied volatility extrapolated from Loop Industries options trading.

Current Sentiment - LOOP

Loop Industries Investor Sentiment

Most of Macroaxis users are now bullish on Loop Industries. What is your trading attitude regarding investing in Loop Industries? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally, see Historical Fundamental Analysis of Loop Industries to cross-verify your projections. Note that the Loop Industries information on this page should be used as a complementary analysis to other Loop Industries' 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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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