Seadrill Stock Forecast - Simple Exponential Smoothing
| SDRL Stock | USD 52.12 0.07 0.13% |
The Simple Exponential Smoothing forecasted value of Seadrill Limited on the next trading day is expected to be 52.12 with a mean absolute deviation of 0.62 and the sum of the absolute errors of 37.38. Seadrill Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Seadrill stock prices and determine the direction of Seadrill Limited's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Seadrill's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Seadrill to cross-verify your projections. Seadrill |
Most investors in Seadrill 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 Seadrill's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Seadrill's price structures and extracts relationships that further increase the generated results' accuracy.
Seadrill 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 Seadrill Limited are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Seadrill Limited prices get older. Seadrill Simple Exponential Smoothing Price Forecast For the 22nd of May
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Seadrill Limited on the next trading day is expected to be 52.12 with a mean absolute deviation of 0.62, mean absolute percentage error of 0.64, and the sum of the absolute errors of 37.38.Please note that although there have been many attempts to predict Seadrill 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 Seadrill's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Seadrill Stock Forecast Pattern
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Seadrill Forecasted Value
In the context of forecasting Seadrill'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. Seadrill's downside and upside margins for the forecasting period are 50.48 and 53.76, respectively. We have considered Seadrill'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 Seadrill stock data series using in forecasting. Note that when a statistical model is used to represent Seadrill 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 | 115.8232 |
| Bias | Arithmetic mean of the errors | -0.1513 |
| MAD | Mean absolute deviation | 0.623 |
| MAPE | Mean absolute percentage error | 0.0126 |
| SAE | Sum of the absolute errors | 37.38 |
Predictive Modules for Seadrill
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Seadrill Limited. 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 Seadrill'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 Seadrill
For every potential investor in Seadrill, whether a beginner or expert, Seadrill's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Seadrill Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Seadrill. Basic forecasting techniques help filter out the noise by identifying Seadrill's price trends.Seadrill 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 Seadrill stock to make a market-neutral strategy. Peer analysis of Seadrill could also be used in its relative valuation, which is a method of valuing Seadrill by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Seadrill Limited 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 Seadrill'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 Seadrill's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Seadrill Market Strength Events
Market strength indicators help investors to evaluate how Seadrill stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Seadrill shares will generate the highest return on investment. By undertsting and applying Seadrill stock market strength indicators, traders can identify Seadrill Limited entry and exit signals to maximize returns.
Seadrill Risk Indicators
The analysis of Seadrill'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 Seadrill's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting seadrill 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 | 1.24 | |||
| Semi Deviation | 1.26 | |||
| Standard Deviation | 1.64 | |||
| Variance | 2.7 | |||
| Downside Variance | 2.41 | |||
| Semi Variance | 1.58 | |||
| Expected Short fall | (1.36) |
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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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Seadrill Limited using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Check out Historical Fundamental Analysis of Seadrill to cross-verify your projections. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Seadrill Stock analysis
When running Seadrill's price analysis, check to measure Seadrill'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 Seadrill is operating at the current time. Most of Seadrill's value examination focuses on studying past and present price action to predict the probability of Seadrill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seadrill's price. Additionally, you may evaluate how the addition of Seadrill to your portfolios can decrease your overall portfolio volatility.
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Is Seadrill'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 Seadrill. If investors know Seadrill 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 Seadrill listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Seadrill Limited is measured differently than its book value, which is the value of Seadrill that is recorded on the company's balance sheet. Investors also form their own opinion of Seadrill's value that differs from its market value or its book value, called intrinsic value, which is Seadrill'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 Seadrill's market value can be influenced by many factors that don't directly affect Seadrill'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 Seadrill's value and its price as these two are different measures arrived at by different means. Investors typically determine if Seadrill is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seadrill'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.