AM Resources Stock Forecast - Triple Exponential Smoothing
AMR Stock | CAD 0.04 0.01 11.11% |
The Triple Exponential Smoothing forecasted value of AM Resources Corp on the next trading day is expected to be 0.04 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.14. AMR Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast AM Resources stock prices and determine the direction of AM Resources Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of AM Resources' historical fundamentals, such as revenue growth or operating cash flow patterns. Although AM Resources' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of AM Resources' systematic risk associated with finding meaningful patterns of AM Resources fundamentals over time.
Check out Historical Fundamental Analysis of AM Resources to cross-verify your projections. AMR |
Most investors in AM Resources 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 AM Resources' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets AM Resources' price structures and extracts relationships that further increase the generated results' accuracy.
Triple exponential smoothing for AM Resources - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When AM Resources prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in AM Resources price movement. However, neither of these exponential smoothing models address any seasonality of AM Resources Corp. AM Resources Triple Exponential Smoothing Price Forecast For the 18th of April 2024
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of AM Resources Corp on the next trading day is expected to be 0.04 with a mean absolute deviation of 0, mean absolute percentage error of 0.000022, and the sum of the absolute errors of 0.14.Please note that although there have been many attempts to predict AMR 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 AM Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
AM Resources Stock Forecast Pattern
Backtest AM Resources | AM Resources Price Prediction | Buy or Sell Advice |
AM Resources Forecasted Value
In the context of forecasting AM Resources' 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. AM Resources' downside and upside margins for the forecasting period are 0.0004 and 17.33, respectively. We have considered AM Resources' 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 Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of AM Resources stock data series using in forecasting. Note that when a statistical model is used to represent AM Resources 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 | Huge |
Bias | Arithmetic mean of the errors | -1.0E-4 |
MAD | Mean absolute deviation | 0.0023 |
MAPE | Mean absolute percentage error | 0.075 |
SAE | Sum of the absolute errors | 0.135 |
Predictive Modules for AM Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AM Resources 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 AM Resources' 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 AM Resources
For every potential investor in AMR, whether a beginner or expert, AM Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AMR Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AMR. Basic forecasting techniques help filter out the noise by identifying AM Resources' price trends.AM Resources 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 AM Resources stock to make a market-neutral strategy. Peer analysis of AM Resources could also be used in its relative valuation, which is a method of valuing AM Resources by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
AM Resources 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 AM Resources' 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 AM Resources' current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
AM Resources Market Strength Events
Market strength indicators help investors to evaluate how AM Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AM Resources shares will generate the highest return on investment. By undertsting and applying AM Resources stock market strength indicators, traders can identify AM Resources Corp entry and exit signals to maximize returns.
Daily Balance Of Power | (9,223,372,036,855) | |||
Rate Of Daily Change | 0.89 | |||
Day Median Price | 0.04 | |||
Day Typical Price | 0.04 | |||
Price Action Indicator | (0) | |||
Period Momentum Indicator | (0.01) |
AM Resources Risk Indicators
The analysis of AM Resources' 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 AM Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting amr 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 | 8.1 | |||
Semi Deviation | 8.45 | |||
Standard Deviation | 16.75 | |||
Variance | 280.64 | |||
Downside Variance | 400.31 | |||
Semi Variance | 71.45 | |||
Expected Short fall | (28.03) |
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 AM Resources 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, AM Resources' short interest history, or implied volatility extrapolated from AM Resources options trading.
Pair Trading with AM Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AM Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AM Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with AMR Stock
0.71 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to AM Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AM Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AM Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AM Resources Corp to buy it.
The correlation of AM Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AM Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AM Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AM Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of AM Resources to cross-verify your projections. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for AMR Stock analysis
When running AM Resources' price analysis, check to measure AM Resources' 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 AM Resources is operating at the current time. Most of AM Resources' value examination focuses on studying past and present price action to predict the probability of AM Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AM Resources' price. Additionally, you may evaluate how the addition of AM Resources to your portfolios can decrease your overall portfolio volatility.
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