Ratio Oil Stock Forecast - Naive Prediction
| RATI Stock | 295.10 1.90 0.64% |
The Naive Prediction forecasted value of Ratio Oil Explorations on the next trading day is expected to be 298.17 with a mean absolute deviation of 4.81 and the sum of the absolute errors of 293.27. Ratio Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ratio Oil stock prices and determine the direction of Ratio Oil Explorations's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ratio Oil's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Ratio Oil to cross-verify your projections. Ratio |
Most investors in Ratio Oil 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 Ratio Oil's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ratio Oil's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Ratio Oil is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Ratio Oil Explorations 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. Ratio Oil Naive Prediction Price Forecast For the 16th of May 2024
Given 90 days horizon, the Naive Prediction forecasted value of Ratio Oil Explorations on the next trading day is expected to be 298.17 with a mean absolute deviation of 4.81, mean absolute percentage error of 35.89, and the sum of the absolute errors of 293.27.Please note that although there have been many attempts to predict Ratio 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 Ratio Oil's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ratio Oil Stock Forecast Pattern
| Backtest Ratio Oil | Ratio Oil Price Prediction | Buy or Sell Advice |
Ratio Oil Forecasted Value
In the context of forecasting Ratio Oil'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. Ratio Oil's downside and upside margins for the forecasting period are 296.27 and 300.06, respectively. We have considered Ratio Oil'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Ratio Oil stock data series using in forecasting. Note that when a statistical model is used to represent Ratio Oil 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 | 121.6909 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 4.8077 |
| MAPE | Mean absolute percentage error | 0.0166 |
| SAE | Sum of the absolute errors | 293.2671 |
Predictive Modules for Ratio Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ratio Oil Explorations. 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 Ratio Oil'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 Ratio Oil
For every potential investor in Ratio, whether a beginner or expert, Ratio Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ratio Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ratio. Basic forecasting techniques help filter out the noise by identifying Ratio Oil's price trends.Ratio Oil 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 Ratio Oil stock to make a market-neutral strategy. Peer analysis of Ratio Oil could also be used in its relative valuation, which is a method of valuing Ratio Oil by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ratio Oil Explorations 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 Ratio Oil'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 Ratio Oil's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ratio Oil Market Strength Events
Market strength indicators help investors to evaluate how Ratio Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ratio Oil shares will generate the highest return on investment. By undertsting and applying Ratio Oil stock market strength indicators, traders can identify Ratio Oil Explorations entry and exit signals to maximize returns.
Ratio Oil Risk Indicators
The analysis of Ratio Oil'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 Ratio Oil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ratio 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 | 1.29 | |||
| Semi Deviation | 1.41 | |||
| Standard Deviation | 1.89 | |||
| Variance | 3.59 | |||
| Downside Variance | 2.27 | |||
| Semi Variance | 2.0 | |||
| Expected Short fall | (1.85) |
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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Check out Historical Fundamental Analysis of Ratio Oil to cross-verify your projections. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Ratio Stock analysis
When running Ratio Oil's price analysis, check to measure Ratio Oil'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 Ratio Oil is operating at the current time. Most of Ratio Oil's value examination focuses on studying past and present price action to predict the probability of Ratio Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ratio Oil's price. Additionally, you may evaluate how the addition of Ratio Oil to your portfolios can decrease your overall portfolio volatility.
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