Borr Drilling Stock Forecast - 8 Period Moving Average
| BORR Stock | NOK 41.42 0.08 0.19% |
The 8 Period Moving Average forecasted value of Borr Drilling on the next trading day is expected to be 42.52 with a mean absolute deviation of 1.84 and the sum of the absolute errors of 99.14. Borr Stock Forecast is based on your current time horizon.
Borr |
Borr Drilling 8 Period Moving Average Price Forecast For the 30th of November
Given 90 days horizon, the 8 Period Moving Average forecasted value of Borr Drilling on the next trading day is expected to be 42.52 with a mean absolute deviation of 1.84, mean absolute percentage error of 5.62, and the sum of the absolute errors of 99.14.Please note that although there have been many attempts to predict Borr 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 Borr Drilling's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Borr Drilling Stock Forecast Pattern
| Backtest Borr Drilling | Borr Drilling Price Prediction | Buy or Sell Advice |
Borr Drilling Forecasted Value
In the context of forecasting Borr Drilling'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. Borr Drilling's downside and upside margins for the forecasting period are 39.61 and 45.43, respectively. We have considered Borr Drilling'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Borr Drilling stock data series using in forecasting. Note that when a statistical model is used to represent Borr Drilling 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 | 106.9717 |
| Bias | Arithmetic mean of the errors | 1.3097 |
| MAD | Mean absolute deviation | 1.8359 |
| MAPE | Mean absolute percentage error | 0.0372 |
| SAE | Sum of the absolute errors | 99.1375 |
Predictive Modules for Borr Drilling
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Borr Drilling. 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.Other Forecasting Options for Borr Drilling
For every potential investor in Borr, whether a beginner or expert, Borr Drilling's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Borr Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Borr. Basic forecasting techniques help filter out the noise by identifying Borr Drilling's price trends.Borr Drilling 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 Borr Drilling stock to make a market-neutral strategy. Peer analysis of Borr Drilling could also be used in its relative valuation, which is a method of valuing Borr Drilling by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Borr Drilling 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 Borr Drilling'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 Borr Drilling's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Borr Drilling Market Strength Events
Market strength indicators help investors to evaluate how Borr Drilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Borr Drilling shares will generate the highest return on investment. By undertsting and applying Borr Drilling stock market strength indicators, traders can identify Borr Drilling entry and exit signals to maximize returns.
| Accumulation Distribution | 7729.45 | |||
| Daily Balance Of Power | (0.05) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 41.75 | |||
| Day Typical Price | 41.64 | |||
| Price Action Indicator | (0.37) | |||
| Period Momentum Indicator | (0.08) |
Borr Drilling Risk Indicators
The analysis of Borr Drilling'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 Borr Drilling's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting borr 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 | 2.04 | |||
| Standard Deviation | 2.87 | |||
| Variance | 8.23 |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Borr Stock
When determining whether Borr Drilling is a strong investment it is important to analyze Borr Drilling's 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 Borr Drilling's future performance. For an informed investment choice regarding Borr Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Borr Drilling to cross-verify your projections. For more information on how to buy Borr Stock please use our How to buy in Borr Stock guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.