The 4 Period Moving Average forecasted value of ZION OIL GAS on the next trading day is expected to be 0.03 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. ZION Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ZION OIL stock prices and determine the direction of ZION OIL GAS's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ZION OIL's historical fundamentals, such as revenue growth or operating cash flow patterns.
ZION
A four-period moving average forecast model for ZION OIL GAS is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.
ZION OIL 4 Period Moving Average Price Forecast For the 20th of January
Given 90 days horizon, the 4 Period Moving Average forecasted value of ZION OIL GAS on the next trading day is expected to be 0.03 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.
Please note that although there have been many attempts to predict ZION 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 ZION OIL's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
In the context of forecasting ZION 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. ZION OIL's downside and upside margins for the forecasting period are 0.03 and 0.03, respectively. We have considered ZION 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.
The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of ZION OIL stock data series using in forecasting. Note that when a statistical model is used to represent ZION 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
-9.223372036854776E14
Bias
Arithmetic mean of the errors
None
MAD
Mean absolute deviation
0.0
MAPE
Mean absolute percentage error
0.0
SAE
Sum of the absolute errors
0.0
The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of ZION OIL. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for ZION OIL GAS and therefore, it cannot be a useful forecasting tool for medium or long range price predictions
Predictive Modules for ZION 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 ZION OIL GAS. 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.
For every potential investor in ZION, whether a beginner or expert, ZION OIL's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ZION Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ZION. Basic forecasting techniques help filter out the noise by identifying ZION OIL's price trends.
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 ZION OIL stock to make a market-neutral strategy. Peer analysis of ZION OIL could also be used in its relative valuation, which is a method of valuing ZION OIL by comparing valuation metrics with similar companies.
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 ZION 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 ZION OIL's current price.
Market strength indicators help investors to evaluate how ZION 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 ZION OIL shares will generate the highest return on investment. By undertsting and applying ZION OIL stock market strength indicators, traders can identify ZION OIL GAS entry and exit signals to maximize returns.
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.
ZION OIL financial ratios help investors to determine whether ZION Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ZION with respect to the benefits of owning ZION OIL security.