Nextdecade Corp Stock Forecast - Simple Exponential Smoothing
| NEXT Stock | USD 6.20 0.09 1.47% |
The Simple Exponential Smoothing forecasted value of Nextdecade Corp on the next trading day is expected to be 6.20 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.74. Nextdecade Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nextdecade Corp stock prices and determine the direction of Nextdecade Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nextdecade Corp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Nextdecade Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Nextdecade Corp's systematic risk associated with finding meaningful patterns of Nextdecade Corp fundamentals over time.
Check out Historical Fundamental Analysis of Nextdecade Corp to cross-verify your projections. Nextdecade |
Open Interest Against 2024-05-17 Nextdecade Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Nextdecade Corp'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 Nextdecade Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Nextdecade Corp 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 Nextdecade Corp's open interest, investors have to compare it to Nextdecade Corp'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 Nextdecade Corp 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 Nextdecade. 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 Nextdecade Corp 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 Nextdecade Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Nextdecade Corp's price structures and extracts relationships that further increase the generated results' accuracy.
Nextdecade Corp simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Nextdecade Corp are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Nextdecade Corp prices get older. Nextdecade Corp Simple Exponential Smoothing Price Forecast For the 24th of April
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Nextdecade Corp on the next trading day is expected to be 6.20 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.74.Please note that although there have been many attempts to predict Nextdecade 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 Nextdecade Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nextdecade Corp Stock Forecast Pattern
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Nextdecade Corp Forecasted Value
In the context of forecasting Nextdecade Corp'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. Nextdecade Corp's downside and upside margins for the forecasting period are 3.36 and 9.04, respectively. We have considered Nextdecade Corp'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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Nextdecade Corp stock data series using in forecasting. Note that when a statistical model is used to represent Nextdecade Corp 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 | 112.472 |
| Bias | Arithmetic mean of the errors | -0.0217 |
| MAD | Mean absolute deviation | 0.1123 |
| MAPE | Mean absolute percentage error | 0.0211 |
| SAE | Sum of the absolute errors | 6.74 |
Predictive Modules for Nextdecade Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nextdecade Corp. 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 Nextdecade Corp'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 Nextdecade Corp
For every potential investor in Nextdecade, whether a beginner or expert, Nextdecade Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nextdecade Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nextdecade. Basic forecasting techniques help filter out the noise by identifying Nextdecade Corp's price trends.Nextdecade Corp 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 Nextdecade Corp stock to make a market-neutral strategy. Peer analysis of Nextdecade Corp could also be used in its relative valuation, which is a method of valuing Nextdecade Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nextdecade Corp 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 Nextdecade Corp'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 Nextdecade Corp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Nextdecade Corp Market Strength Events
Market strength indicators help investors to evaluate how Nextdecade Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nextdecade Corp shares will generate the highest return on investment. By undertsting and applying Nextdecade Corp stock market strength indicators, traders can identify Nextdecade Corp entry and exit signals to maximize returns.
Nextdecade Corp Risk Indicators
The analysis of Nextdecade Corp'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 Nextdecade Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nextdecade 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 | 2.1 | |||
| Semi Deviation | 1.79 | |||
| Standard Deviation | 2.8 | |||
| Variance | 7.82 | |||
| Downside Variance | 5.0 | |||
| Semi Variance | 3.22 | |||
| Expected Short fall | (2.47) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Nextdecade Corp to cross-verify your projections. For more information on how to buy Nextdecade Stock please use our How to Invest in Nextdecade Corp guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Nextdecade Stock analysis
When running Nextdecade Corp's price analysis, check to measure Nextdecade Corp'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 Nextdecade Corp is operating at the current time. Most of Nextdecade Corp's value examination focuses on studying past and present price action to predict the probability of Nextdecade Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextdecade Corp's price. Additionally, you may evaluate how the addition of Nextdecade Corp to your portfolios can decrease your overall portfolio volatility.
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Is Nextdecade Corp'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 Nextdecade Corp. If investors know Nextdecade 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 Nextdecade Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.94) | Return On Assets (0.04) | Return On Equity (0.44) |
The market value of Nextdecade Corp is measured differently than its book value, which is the value of Nextdecade that is recorded on the company's balance sheet. Investors also form their own opinion of Nextdecade Corp's value that differs from its market value or its book value, called intrinsic value, which is Nextdecade Corp'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 Nextdecade Corp's market value can be influenced by many factors that don't directly affect Nextdecade Corp'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 Nextdecade Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextdecade Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextdecade Corp'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.