McEwen Mining Stock Forecast - 4 Period Moving Average
| MUX Stock | USD 10.89 0.15 1.36% |
The 4 Period Moving Average forecasted value of McEwen Mining on the next trading day is expected to be 11.02 with a mean absolute deviation of 0.38 and the sum of the absolute errors of 21.71. McEwen Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast McEwen Mining stock prices and determine the direction of McEwen Mining's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of McEwen Mining's historical fundamentals, such as revenue growth or operating cash flow patterns. Although McEwen 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 McEwen Mining's systematic risk associated with finding meaningful patterns of McEwen Mining fundamentals over time.
Check out Historical Fundamental Analysis of McEwen Mining to cross-verify your projections. McEwen |
Open Interest Against 2024-04-19 McEwen Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast McEwen Mining'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 McEwen Mining's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for McEwen Mining 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 McEwen Mining's open interest, investors have to compare it to McEwen Mining'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 McEwen Mining 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 McEwen. 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 McEwen 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 McEwen Mining's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets McEwen Mining's price structures and extracts relationships that further increase the generated results' accuracy.
A four-period moving average forecast model for McEwen Mining 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. McEwen Mining 4 Period Moving Average Price Forecast For the 19th of April
Given 90 days horizon, the 4 Period Moving Average forecasted value of McEwen Mining on the next trading day is expected to be 11.02 with a mean absolute deviation of 0.38, mean absolute percentage error of 0.26, and the sum of the absolute errors of 21.71.Please note that although there have been many attempts to predict McEwen 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 McEwen Mining's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
McEwen Mining Stock Forecast Pattern
| Backtest McEwen Mining | McEwen Mining Price Prediction | Buy or Sell Advice |
McEwen Mining Forecasted Value
In the context of forecasting McEwen 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. McEwen Mining's downside and upside margins for the forecasting period are 7.28 and 14.76, respectively. We have considered McEwen 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.
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 McEwen Mining stock data series using in forecasting. Note that when a statistical model is used to represent McEwen 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.| AIC | Akaike Information Criteria | 109.4035 |
| Bias | Arithmetic mean of the errors | -0.186 |
| MAD | Mean absolute deviation | 0.3808 |
| MAPE | Mean absolute percentage error | 0.0449 |
| SAE | Sum of the absolute errors | 21.7075 |
Predictive Modules for McEwen 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 McEwen 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 McEwen 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.
Other Forecasting Options for McEwen Mining
For every potential investor in McEwen, whether a beginner or expert, McEwen Mining's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. McEwen Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in McEwen. Basic forecasting techniques help filter out the noise by identifying McEwen Mining's price trends.McEwen 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 McEwen Mining stock to make a market-neutral strategy. Peer analysis of McEwen Mining could also be used in its relative valuation, which is a method of valuing McEwen Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
McEwen 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 McEwen 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 McEwen Mining's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
McEwen Mining Market Strength Events
Market strength indicators help investors to evaluate how McEwen 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 McEwen Mining shares will generate the highest return on investment. By undertsting and applying McEwen Mining stock market strength indicators, traders can identify McEwen Mining entry and exit signals to maximize returns.
McEwen Mining Risk Indicators
The analysis of McEwen 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 McEwen Mining's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mcewen 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 | 2.63 | |||
| Semi Deviation | 2.0 | |||
| Standard Deviation | 3.68 | |||
| Variance | 13.56 | |||
| Downside Variance | 6.66 | |||
| Semi Variance | 4.0 | |||
| Expected Short fall | (3.25) |
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 McEwen Mining to cross-verify your projections. For more information on how to buy McEwen Stock please use our How to Invest in McEwen Mining guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for McEwen Stock analysis
When running McEwen Mining's price analysis, check to measure McEwen Mining'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 McEwen Mining is operating at the current time. Most of McEwen Mining's value examination focuses on studying past and present price action to predict the probability of McEwen Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McEwen Mining's price. Additionally, you may evaluate how the addition of McEwen Mining to your portfolios can decrease your overall portfolio volatility.
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |
Is McEwen Mining'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 McEwen Mining. If investors know McEwen 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 McEwen Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.16 | Revenue Per Share 3.496 | Quarterly Revenue Growth 1.078 | Return On Assets (0.11) | Return On Equity 0.0773 |
The market value of McEwen Mining is measured differently than its book value, which is the value of McEwen that is recorded on the company's balance sheet. Investors also form their own opinion of McEwen Mining's value that differs from its market value or its book value, called intrinsic value, which is McEwen Mining'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 McEwen Mining's market value can be influenced by many factors that don't directly affect McEwen Mining'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 McEwen Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if McEwen Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McEwen Mining'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.