Faraday Copper Stock Forecast - 20 Period Moving Average
| FDY Stock | CAD 0.83 0.03 3.49% |
The 20 Period Moving Average forecasted value of Faraday Copper Corp on the next trading day is expected to be 0.90 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 1.54. Faraday Stock Forecast is based on your current time horizon. Although Faraday Copper's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Faraday Copper's systematic risk associated with finding meaningful patterns of Faraday Copper fundamentals over time.
Faraday |
Faraday Copper 20 Period Moving Average Price Forecast For the 1st of December
Given 90 days horizon, the 20 Period Moving Average forecasted value of Faraday Copper Corp on the next trading day is expected to be 0.90 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 1.54.Please note that although there have been many attempts to predict Faraday 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 Faraday Copper's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Faraday Copper Stock Forecast Pattern
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Faraday Copper Forecasted Value
In the context of forecasting Faraday Copper'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. Faraday Copper's downside and upside margins for the forecasting period are 0.01 and 2.89, respectively. We have considered Faraday Copper'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Faraday Copper stock data series using in forecasting. Note that when a statistical model is used to represent Faraday Copper 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 | 77.0742 |
| Bias | Arithmetic mean of the errors | -0.0167 |
| MAD | Mean absolute deviation | 0.0366 |
| MAPE | Mean absolute percentage error | 0.0411 |
| SAE | Sum of the absolute errors | 1.537 |
Predictive Modules for Faraday Copper
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Faraday Copper 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 Faraday Copper
For every potential investor in Faraday, whether a beginner or expert, Faraday Copper's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Faraday Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Faraday. Basic forecasting techniques help filter out the noise by identifying Faraday Copper's price trends.Faraday Copper 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 Faraday Copper stock to make a market-neutral strategy. Peer analysis of Faraday Copper could also be used in its relative valuation, which is a method of valuing Faraday Copper by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Faraday Copper 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 Faraday Copper'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 Faraday Copper's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Faraday Copper Market Strength Events
Market strength indicators help investors to evaluate how Faraday Copper stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Faraday Copper shares will generate the highest return on investment. By undertsting and applying Faraday Copper stock market strength indicators, traders can identify Faraday Copper Corp entry and exit signals to maximize returns.
Faraday Copper Risk Indicators
The analysis of Faraday Copper'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 Faraday Copper's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting faraday 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 | 1.5 | |||
| Semi Deviation | 1.5 | |||
| Standard Deviation | 1.96 | |||
| Variance | 3.86 | |||
| Downside Variance | 4.61 | |||
| Semi Variance | 2.24 | |||
| Expected Short fall | (2.32) |
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.
Other Information on Investing in Faraday Stock
Faraday Copper financial ratios help investors to determine whether Faraday Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Faraday with respect to the benefits of owning Faraday Copper security.