Phinergy Stock Forecast - 8 Period Moving Average
| PNRG Stock | ILA 459.10 25.40 5.86% |
The 8 Period Moving Average forecasted value of Phinergy on the next trading day is expected to be 450.39 with a mean absolute deviation of 26.08 and the sum of the absolute errors of 1,408. Phinergy Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Phinergy stock prices and determine the direction of Phinergy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Phinergy's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Phinergy to cross-verify your projections. Phinergy |
Most investors in Phinergy 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 Phinergy's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Phinergy's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Phinergy is based on an artificially constructed time series of Phinergy daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Phinergy 8 Period Moving Average Price Forecast For the 7th of June
Given 90 days horizon, the 8 Period Moving Average forecasted value of Phinergy on the next trading day is expected to be 450.39 with a mean absolute deviation of 26.08, mean absolute percentage error of 1,074, and the sum of the absolute errors of 1,408.Please note that although there have been many attempts to predict Phinergy 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 Phinergy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Phinergy Stock Forecast Pattern
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Phinergy Forecasted Value
In the context of forecasting Phinergy'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. Phinergy's downside and upside margins for the forecasting period are 446.37 and 454.41, respectively. We have considered Phinergy'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Phinergy stock data series using in forecasting. Note that when a statistical model is used to represent Phinergy 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 | 112.2247 |
| Bias | Arithmetic mean of the errors | 3.6609 |
| MAD | Mean absolute deviation | 26.0831 |
| MAPE | Mean absolute percentage error | 0.0526 |
| SAE | Sum of the absolute errors | 1408.4875 |
Predictive Modules for Phinergy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Phinergy. 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 Phinergy'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 Phinergy
For every potential investor in Phinergy, whether a beginner or expert, Phinergy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Phinergy Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Phinergy. Basic forecasting techniques help filter out the noise by identifying Phinergy's price trends.Phinergy 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 Phinergy stock to make a market-neutral strategy. Peer analysis of Phinergy could also be used in its relative valuation, which is a method of valuing Phinergy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Phinergy 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 Phinergy'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 Phinergy's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Phinergy Market Strength Events
Market strength indicators help investors to evaluate how Phinergy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Phinergy shares will generate the highest return on investment. By undertsting and applying Phinergy stock market strength indicators, traders can identify Phinergy entry and exit signals to maximize returns.
Phinergy Risk Indicators
The analysis of Phinergy'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 Phinergy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting phinergy 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 | 2.75 | |||
| Standard Deviation | 4.11 | |||
| Variance | 16.85 |
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| COST | Costco Wholesale Corp | |
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Other Information on Investing in Phinergy Stock
Phinergy financial ratios help investors to determine whether Phinergy 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 Phinergy with respect to the benefits of owning Phinergy security.