Ranger Energy Stock Forecast - Simple Exponential Smoothing
| RNGR Stock | USD 10.37 0.27 2.54% |
The Simple Exponential Smoothing forecasted value of Ranger Energy Services on the next trading day is expected to be 10.45 with a mean absolute deviation of 0.17 and the sum of the absolute errors of 10.20. Ranger Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ranger Energy stock prices and determine the direction of Ranger Energy Services's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ranger Energy's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Ranger Energy's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Ranger Energy's systematic risk associated with finding meaningful patterns of Ranger Energy fundamentals over time.
Check out Historical Fundamental Analysis of Ranger Energy to cross-verify your projections. Ranger |
Most investors in Ranger Energy 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 Ranger Energy's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ranger Energy's price structures and extracts relationships that further increase the generated results' accuracy.
Ranger Energy 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 Ranger Energy Services are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Ranger Energy Services prices get older. Ranger Energy Simple Exponential Smoothing Price Forecast For the 25th of April
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Ranger Energy Services on the next trading day is expected to be 10.45 with a mean absolute deviation of 0.17, mean absolute percentage error of 0.05, and the sum of the absolute errors of 10.20.Please note that although there have been many attempts to predict Ranger 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 Ranger Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ranger Energy Stock Forecast Pattern
| Backtest Ranger Energy | Ranger Energy Price Prediction | Buy or Sell Advice |
Ranger Energy Forecasted Value
In the context of forecasting Ranger Energy'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. Ranger Energy's downside and upside margins for the forecasting period are 8.33 and 12.57, respectively. We have considered Ranger Energy'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 Ranger Energy stock data series using in forecasting. Note that when a statistical model is used to represent Ranger Energy 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 | 113.2917 |
| Bias | Arithmetic mean of the errors | -0.0027 |
| MAD | Mean absolute deviation | 0.17 |
| MAPE | Mean absolute percentage error | 0.0157 |
| SAE | Sum of the absolute errors | 10.2002 |
Predictive Modules for Ranger Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ranger Energy Services. 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 Ranger Energy'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 Ranger Energy
For every potential investor in Ranger, whether a beginner or expert, Ranger Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ranger Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ranger. Basic forecasting techniques help filter out the noise by identifying Ranger Energy's price trends.Ranger Energy 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 Ranger Energy stock to make a market-neutral strategy. Peer analysis of Ranger Energy could also be used in its relative valuation, which is a method of valuing Ranger Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ranger Energy Services 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 Ranger Energy'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 Ranger Energy's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ranger Energy Market Strength Events
Market strength indicators help investors to evaluate how Ranger Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ranger Energy shares will generate the highest return on investment. By undertsting and applying Ranger Energy stock market strength indicators, traders can identify Ranger Energy Services entry and exit signals to maximize returns.
Ranger Energy Risk Indicators
The analysis of Ranger Energy'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 Ranger Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ranger 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 | 1.63 | |||
| Semi Deviation | 1.88 | |||
| Standard Deviation | 2.15 | |||
| Variance | 4.62 | |||
| Downside Variance | 4.4 | |||
| Semi Variance | 3.55 | |||
| Expected Short fall | (1.77) |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ranger Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ranger Energy's short interest history, or implied volatility extrapolated from Ranger Energy options trading.
Currently Active Assets on Macroaxis
When determining whether Ranger Energy Services is a strong investment it is important to analyze Ranger Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ranger Energy's future performance. For an informed investment choice regarding Ranger Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Ranger Energy to cross-verify your projections. Note that the Ranger Energy Services information on this page should be used as a complementary analysis to other Ranger Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Ranger Stock analysis
When running Ranger Energy's price analysis, check to measure Ranger Energy'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 Ranger Energy is operating at the current time. Most of Ranger Energy's value examination focuses on studying past and present price action to predict the probability of Ranger Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ranger Energy's price. Additionally, you may evaluate how the addition of Ranger Energy to your portfolios can decrease your overall portfolio volatility.
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |
Is Ranger Energy'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 Ranger Energy. If investors know Ranger 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 Ranger Energy 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 (0.72) | Dividend Share 0.1 | Earnings Share 0.95 | Revenue Per Share 25.878 | Quarterly Revenue Growth (0.02) |
The market value of Ranger Energy Services is measured differently than its book value, which is the value of Ranger that is recorded on the company's balance sheet. Investors also form their own opinion of Ranger Energy's value that differs from its market value or its book value, called intrinsic value, which is Ranger Energy'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 Ranger Energy's market value can be influenced by many factors that don't directly affect Ranger Energy'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 Ranger Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ranger Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ranger Energy'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.