Aqua Metals Stock Forecast - Naive Prediction
| AQK Stock | EUR 2.04 0.00 0.00% |
The Naive Prediction forecasted value of Aqua Metals on the next trading day is expected to be 1.90 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.58. Aqua Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Aqua Metals' historical fundamentals, such as revenue growth or operating cash flow patterns.
Aqua |
Aqua Metals Naive Prediction Price Forecast For the 7th of January
Given 90 days horizon, the Naive Prediction forecasted value of Aqua Metals on the next trading day is expected to be 1.90 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.58.Please note that although there have been many attempts to predict Aqua 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 Aqua Metals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Aqua Metals Stock Forecast Pattern
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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 Aqua Metals stock data series using in forecasting. Note that when a statistical model is used to represent Aqua Metals 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 | 114.2481 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1079 |
| MAPE | Mean absolute percentage error | 0.0473 |
| SAE | Sum of the absolute errors | 6.5824 |
Predictive Modules for Aqua Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aqua Metals. 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.Aqua Metals 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 Aqua Metals stock to make a market-neutral strategy. Peer analysis of Aqua Metals could also be used in its relative valuation, which is a method of valuing Aqua Metals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Aqua Metals Market Strength Events
Market strength indicators help investors to evaluate how Aqua Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aqua Metals shares will generate the highest return on investment. By undertsting and applying Aqua Metals stock market strength indicators, traders can identify Aqua Metals entry and exit signals to maximize returns.
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Additional Information and Resources on Investing in Aqua Stock
When determining whether Aqua Metals is a strong investment it is important to analyze Aqua Metals' 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 Aqua Metals' future performance. For an informed investment choice regarding Aqua Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.