Artemis Gold Stock Forecast - 4 Period Moving Average

ARTG Stock  CAD 14.11  0.28  2.02%   
The 4 Period Moving Average forecasted value of Artemis Gold on the next trading day is expected to be 13.97 with a mean absolute deviation of 0.45 and the sum of the absolute errors of 25.46. Artemis Stock Forecast is based on your current time horizon.
  
Inventory Turnover is likely to drop to -0.13 in 2024. Payables Turnover is likely to drop to 0.02 in 2024. Common Stock Shares Outstanding is likely to drop to about 132.3 M in 2024. Net Loss is likely to climb to about (11.7 M) in 2024.
A four-period moving average forecast model for Artemis Gold 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.

Artemis Gold 4 Period Moving Average Price Forecast For the 22nd of December

Given 90 days horizon, the 4 Period Moving Average forecasted value of Artemis Gold on the next trading day is expected to be 13.97 with a mean absolute deviation of 0.45, mean absolute percentage error of 0.37, and the sum of the absolute errors of 25.46.
Please note that although there have been many attempts to predict Artemis 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 Artemis Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Artemis Gold Stock Forecast Pattern

Backtest Artemis GoldArtemis Gold Price PredictionBuy or Sell Advice 

Artemis Gold Forecasted Value

In the context of forecasting Artemis Gold'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. Artemis Gold's downside and upside margins for the forecasting period are 10.95 and 17.00, respectively. We have considered Artemis Gold'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
14.11
13.97
Expected Value
17.00
Upside

Model Predictive Factors

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 Artemis Gold stock data series using in forecasting. Note that when a statistical model is used to represent Artemis Gold 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 Criteria109.7673
BiasArithmetic mean of the errors -0.038
MADMean absolute deviation0.4467
MAPEMean absolute percentage error0.0324
SAESum of the absolute errors25.4625
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 Artemis Gold. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for Artemis Gold and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for Artemis Gold

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Artemis Gold. 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.
Hype
Prediction
LowEstimatedHigh
11.1614.1917.22
Details
Intrinsic
Valuation
LowRealHigh
8.6411.6714.70
Details
Bollinger
Band Projection (param)
LowMiddleHigh
13.6514.0614.46
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.02-0.010.01
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Artemis Gold. Your research has to be compared to or analyzed against Artemis Gold's peers to derive any actionable benefits. When done correctly, Artemis Gold'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 Artemis Gold.

Other Forecasting Options for Artemis Gold

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

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

Artemis Gold 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 Artemis Gold'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 Artemis Gold's current price.

Artemis Gold Market Strength Events

Market strength indicators help investors to evaluate how Artemis Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Artemis Gold shares will generate the highest return on investment. By undertsting and applying Artemis Gold stock market strength indicators, traders can identify Artemis Gold entry and exit signals to maximize returns.

Artemis Gold Risk Indicators

The analysis of Artemis Gold'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 Artemis Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting artemis 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Artemis Stock Analysis

When running Artemis Gold's price analysis, check to measure Artemis Gold'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 Artemis Gold is operating at the current time. Most of Artemis Gold's value examination focuses on studying past and present price action to predict the probability of Artemis Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Artemis Gold's price. Additionally, you may evaluate how the addition of Artemis Gold to your portfolios can decrease your overall portfolio volatility.