Crown LNG Stock Forecast - Naive Prediction
| CGBSW Stock | 0.02 0.01 33.52% |
The Naive Prediction forecasted value of Crown LNG Holdings on the next trading day is expected to be 0.02 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.19. Crown Stock Forecast is based on your current time horizon.
Crown |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Crown LNG's financial statements to predict how it will affect future prices.
Cash | First Reported 2010-12-31 | Previous Quarter 88 K | Current Value 83.6 K | Quarterly Volatility 182.3 K |
Crown LNG Naive Prediction Price Forecast For the 2nd of December
Given 90 days horizon, the Naive Prediction forecasted value of Crown LNG Holdings on the next trading day is expected to be 0.02 with a mean absolute deviation of 0, mean absolute percentage error of 0.000016, and the sum of the absolute errors of 0.19.Please note that although there have been many attempts to predict Crown 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 Crown LNG's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Crown LNG Stock Forecast Pattern
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Crown LNG Forecasted Value
In the context of forecasting Crown LNG'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. Crown LNG's downside and upside margins for the forecasting period are 0.0002 and 24.26, respectively. We have considered Crown LNG'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Crown LNG stock data series using in forecasting. Note that when a statistical model is used to represent Crown LNG 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 | 107.0469 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0031 |
| MAPE | Mean absolute percentage error | 0.1294 |
| SAE | Sum of the absolute errors | 0.1919 |
Predictive Modules for Crown LNG
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Crown LNG Holdings. 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 Crown LNG's 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 Crown LNG
For every potential investor in Crown, whether a beginner or expert, Crown LNG's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Crown Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Crown. Basic forecasting techniques help filter out the noise by identifying Crown LNG's price trends.Crown LNG 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 Crown LNG stock to make a market-neutral strategy. Peer analysis of Crown LNG could also be used in its relative valuation, which is a method of valuing Crown LNG by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Crown LNG Holdings 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 Crown LNG'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 Crown LNG's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Crown LNG Market Strength Events
Market strength indicators help investors to evaluate how Crown LNG stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Crown LNG shares will generate the highest return on investment. By undertsting and applying Crown LNG stock market strength indicators, traders can identify Crown LNG Holdings entry and exit signals to maximize returns.
| Accumulation Distribution | 0.36 | |||
| Daily Balance Of Power | (0.94) | |||
| Rate Of Daily Change | 0.66 | |||
| Day Median Price | 0.0288 | |||
| Day Typical Price | 0.0269 | |||
| Market Facilitation Index | 0.0125 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 60.35 |
Crown LNG Risk Indicators
The analysis of Crown LNG'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 Crown LNG's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting crown 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 | 18.36 | |||
| Semi Deviation | 17.4 | |||
| Standard Deviation | 24.06 | |||
| Variance | 578.77 | |||
| Downside Variance | 396.38 | |||
| Semi Variance | 302.65 | |||
| Expected Short fall | (22.25) |
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.
Also Currently Popular
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.Additional Tools for Crown Stock Analysis
When running Crown LNG's price analysis, check to measure Crown LNG'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 Crown LNG is operating at the current time. Most of Crown LNG's value examination focuses on studying past and present price action to predict the probability of Crown LNG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crown LNG's price. Additionally, you may evaluate how the addition of Crown LNG to your portfolios can decrease your overall portfolio volatility.