MPLX LP Stock Forecast - Simple Moving Average
| MPLX Stock | USD 41.48 0.29 0.70% |
The Simple Moving Average forecasted value of MPLX LP on the next trading day is expected to be 41.48 with a mean absolute deviation of 0.36 and the sum of the absolute errors of 21.42. MPLX Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast MPLX LP stock prices and determine the direction of MPLX LP's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of MPLX LP's historical fundamentals, such as revenue growth or operating cash flow patterns. Although MPLX LP's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of MPLX LP's systematic risk associated with finding meaningful patterns of MPLX LP fundamentals over time.
Check out Historical Fundamental Analysis of MPLX LP to cross-verify your projections. MPLX |
Open Interest Against 2024-05-17 MPLX Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast MPLX LP's 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 in MPLX LP's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for MPLX LP stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current MPLX LP's open interest, investors have to compare it to MPLX LP's 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 MPLX LP 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 MPLX. 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 MPLX LP 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 MPLX LP's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets MPLX LP's price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for MPLX LP is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility. MPLX LP Simple Moving Average Price Forecast For the 26th of April
Given 90 days horizon, the Simple Moving Average forecasted value of MPLX LP on the next trading day is expected to be 41.48 with a mean absolute deviation of 0.36, mean absolute percentage error of 0.19, and the sum of the absolute errors of 21.42.Please note that although there have been many attempts to predict MPLX 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 MPLX LP's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
MPLX LP Stock Forecast Pattern
| Backtest MPLX LP | MPLX LP Price Prediction | Buy or Sell Advice |
MPLX LP Forecasted Value
In the context of forecasting MPLX LP'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. MPLX LP's downside and upside margins for the forecasting period are 40.63 and 42.33, respectively. We have considered MPLX LP'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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of MPLX LP stock data series using in forecasting. Note that when a statistical model is used to represent MPLX LP 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 | 112.7779 |
| Bias | Arithmetic mean of the errors | -0.1007 |
| MAD | Mean absolute deviation | 0.3631 |
| MAPE | Mean absolute percentage error | 0.0091 |
| SAE | Sum of the absolute errors | 21.42 |
Predictive Modules for MPLX LP
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MPLX LP. 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 MPLX LP'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 MPLX LP
For every potential investor in MPLX, whether a beginner or expert, MPLX LP's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MPLX Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MPLX. Basic forecasting techniques help filter out the noise by identifying MPLX LP's price trends.MPLX LP 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 MPLX LP stock to make a market-neutral strategy. Peer analysis of MPLX LP could also be used in its relative valuation, which is a method of valuing MPLX LP by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MPLX LP 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 MPLX LP'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 MPLX LP's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
MPLX LP Market Strength Events
Market strength indicators help investors to evaluate how MPLX LP stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MPLX LP shares will generate the highest return on investment. By undertsting and applying MPLX LP stock market strength indicators, traders can identify MPLX LP entry and exit signals to maximize returns.
MPLX LP Risk Indicators
The analysis of MPLX LP'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 MPLX LP's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mplx 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 | 0.6607 | |||
| Semi Deviation | 0.5997 | |||
| Standard Deviation | 0.831 | |||
| Variance | 0.6906 | |||
| Downside Variance | 0.7787 | |||
| Semi Variance | 0.3596 | |||
| Expected Short fall | (0.70) |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of MPLX LP to cross-verify your projections. For more information on how to buy MPLX Stock please use our How to Invest in MPLX LP guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for MPLX Stock analysis
When running MPLX LP's price analysis, check to measure MPLX LP'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 MPLX LP is operating at the current time. Most of MPLX LP's value examination focuses on studying past and present price action to predict the probability of MPLX LP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MPLX LP's price. Additionally, you may evaluate how the addition of MPLX LP to your portfolios can decrease your overall portfolio volatility.
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |
Is MPLX LP'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 MPLX LP. If investors know MPLX 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 MPLX LP listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.412 | Dividend Share 3.25 | Earnings Share 3.8 | Revenue Per Share 10.67 | Quarterly Revenue Growth 0.112 |
The market value of MPLX LP is measured differently than its book value, which is the value of MPLX that is recorded on the company's balance sheet. Investors also form their own opinion of MPLX LP's value that differs from its market value or its book value, called intrinsic value, which is MPLX LP'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 MPLX LP's market value can be influenced by many factors that don't directly affect MPLX LP'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 MPLX LP's value and its price as these two are different measures arrived at by different means. Investors typically determine if MPLX LP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MPLX LP'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.