CNX Resources Stock Forecast - Naive Prediction
| CNX Stock | USD 30.53 0.67 2.24% |
The Naive Prediction forecasted value of CNX Resources Corp on the next trading day is expected to be 30.85 with a mean absolute deviation of 0.76 and the sum of the absolute errors of 46.52. CNX Stock Forecast is based on your current time horizon.
CNX |
Open Interest Against 2025-06-20 CNX Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast CNX Resources' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in CNX Resources' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for CNX Resources stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current CNX Resources' open interest, investors have to compare it to CNX Resources' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of CNX Resources is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in CNX. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the CNX Resources' financial statements to predict how it will affect future prices.
Cash | First Reported 1999-03-31 | Previous Quarter 1.3 M | Current Value 17.2 M | Quarterly Volatility 213 M |
CNX Resources Naive Prediction Price Forecast For the 15th of March 2025
Given 90 days horizon, the Naive Prediction forecasted value of CNX Resources Corp on the next trading day is expected to be 30.85 with a mean absolute deviation of 0.76, mean absolute percentage error of 1.01, and the sum of the absolute errors of 46.52.Please note that although there have been many attempts to predict CNX 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 CNX Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CNX Resources Stock Forecast Pattern
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CNX Resources Forecasted Value
In the context of forecasting CNX Resources' 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. CNX Resources' downside and upside margins for the forecasting period are 28.20 and 33.49, respectively. We have considered CNX Resources' 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 CNX Resources stock data series using in forecasting. Note that when a statistical model is used to represent CNX Resources 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 | 118.1229 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.7626 |
| MAPE | Mean absolute percentage error | 0.024 |
| SAE | Sum of the absolute errors | 46.5209 |
Predictive Modules for CNX Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CNX Resources Corp. 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 CNX Resources
For every potential investor in CNX, whether a beginner or expert, CNX Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CNX Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CNX. Basic forecasting techniques help filter out the noise by identifying CNX Resources' price trends.View CNX Resources Related Equities
| Risk & Return | Correlation |
CNX Resources Corp 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 CNX Resources' 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 CNX Resources' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
CNX Resources Market Strength Events
Market strength indicators help investors to evaluate how CNX Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CNX Resources shares will generate the highest return on investment. By undertsting and applying CNX Resources stock market strength indicators, traders can identify CNX Resources Corp entry and exit signals to maximize returns.
CNX Resources Risk Indicators
The analysis of CNX Resources' 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 CNX Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cnx 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 | 1.78 | |||
| Standard Deviation | 2.58 | |||
| Variance | 6.68 |
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.
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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 CNX Stock Analysis
When running CNX Resources' price analysis, check to measure CNX Resources' 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 CNX Resources is operating at the current time. Most of CNX Resources' value examination focuses on studying past and present price action to predict the probability of CNX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNX Resources' price. Additionally, you may evaluate how the addition of CNX Resources to your portfolios can decrease your overall portfolio volatility.