Uranium Energy Stock Forecast - Naive Prediction

UEC Stock  USD 6.70  0.07  1.03%   
The Naive Prediction forecasted value of Uranium Energy Corp on the next trading day is expected to be 6.70 with a mean absolute deviation of  0.22  and the sum of the absolute errors of 13.83. Uranium Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Uranium Energy stock prices and determine the direction of Uranium Energy Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Uranium Energy's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Uranium 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 Uranium Energy's systematic risk associated with finding meaningful patterns of Uranium Energy fundamentals over time.
Check out Historical Fundamental Analysis of Uranium Energy to cross-verify your projections.
  
The current year's Payables Turnover is expected to grow to 22.60, whereas Inventory Turnover is forecasted to decline to 16.53. . The current year's Common Stock Shares Outstanding is expected to grow to about 440.5 M, whereas Net Loss is forecasted to decline to (4 M).

Open Interest Against 2024-03-28 Uranium Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Uranium Energy'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 Uranium Energy's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Uranium Energy 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 Uranium Energy's open interest, investors have to compare it to Uranium Energy'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 Uranium Energy 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 Uranium. 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 Uranium 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 Uranium Energy's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Uranium Energy's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Uranium Energy is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Uranium Energy Corp 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.

Uranium Energy Naive Prediction Price Forecast For the 29th of March

Given 90 days horizon, the Naive Prediction forecasted value of Uranium Energy Corp on the next trading day is expected to be 6.70 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.07, and the sum of the absolute errors of 13.83.
Please note that although there have been many attempts to predict Uranium 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 Uranium Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Uranium Energy Stock Forecast Pattern

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Uranium Energy Forecasted Value

In the context of forecasting Uranium 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. Uranium Energy's downside and upside margins for the forecasting period are 3.24 and 10.15, respectively. We have considered Uranium 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.
Market Value
6.70
6.70
Expected Value
10.15
Upside

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 Uranium Energy stock data series using in forecasting. Note that when a statistical model is used to represent Uranium 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.
AICAkaike Information Criteria117.3298
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2231
MAPEMean absolute percentage error0.0313
SAESum of the absolute errors13.8332
This model is not at all useful as a medium-long range forecasting tool of Uranium Energy Corp. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Uranium Energy. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Uranium 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 Uranium Energy 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 Uranium 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.
Hype
Prediction
LowEstimatedHigh
3.256.7110.17
Details
Intrinsic
Valuation
LowRealHigh
2.986.449.90
Details
7 Analysts
Consensus
LowTargetHigh
6.397.027.79
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Uranium Energy. Your research has to be compared to or analyzed against Uranium Energy's peers to derive any actionable benefits. When done correctly, Uranium Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Uranium Energy Corp.

Other Forecasting Options for Uranium Energy

For every potential investor in Uranium, whether a beginner or expert, Uranium Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Uranium Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Uranium. Basic forecasting techniques help filter out the noise by identifying Uranium Energy's price trends.

Uranium 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 Uranium Energy stock to make a market-neutral strategy. Peer analysis of Uranium Energy could also be used in its relative valuation, which is a method of valuing Uranium Energy by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Uranium Energy 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 Uranium 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 Uranium Energy's current price.

Uranium Energy Market Strength Events

Market strength indicators help investors to evaluate how Uranium 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 Uranium Energy shares will generate the highest return on investment. By undertsting and applying Uranium Energy stock market strength indicators, traders can identify Uranium Energy Corp entry and exit signals to maximize returns.

Uranium Energy Risk Indicators

The analysis of Uranium 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 Uranium Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting uranium 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.
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.

Also Currently Popular

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.
When determining whether Uranium Energy Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Uranium Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Uranium Energy Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Uranium Energy Corp Stock:
Check out Historical Fundamental Analysis of Uranium Energy to cross-verify your projections.
Note that the Uranium Energy Corp information on this page should be used as a complementary analysis to other Uranium 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 CEOs Directory module to screen CEOs from public companies around the world.

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When running Uranium Energy's price analysis, check to measure Uranium 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 Uranium Energy is operating at the current time. Most of Uranium Energy's value examination focuses on studying past and present price action to predict the probability of Uranium 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 Uranium Energy's price. Additionally, you may evaluate how the addition of Uranium Energy to your portfolios can decrease your overall portfolio volatility.
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Is Uranium 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 Uranium Energy. If investors know Uranium 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 Uranium 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
(0.81)
Earnings Share
(0.02)
Revenue Per Share
0.155
Quarterly Revenue Growth
(1.00)
Return On Assets
(0.02)
The market value of Uranium Energy Corp is measured differently than its book value, which is the value of Uranium that is recorded on the company's balance sheet. Investors also form their own opinion of Uranium Energy's value that differs from its market value or its book value, called intrinsic value, which is Uranium 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 Uranium Energy's market value can be influenced by many factors that don't directly affect Uranium 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 Uranium Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Uranium Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Uranium 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.