Libero Copper Stock Forecast - Simple Regression
LBC Stock | CAD 0.37 0.03 8.82% |
The Simple Regression forecasted value of Libero Copper Corp on the next trading day is expected to be 0.41 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.50. Libero Stock Forecast is based on your current time horizon.
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Libero Copper Simple Regression Price Forecast For the 13th of December 2024
Given 90 days horizon, the Simple Regression forecasted value of Libero Copper Corp on the next trading day is expected to be 0.41 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.50.Please note that although there have been many attempts to predict Libero 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 Libero Copper's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Libero Copper Stock Forecast Pattern
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Libero Copper Forecasted Value
In the context of forecasting Libero 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. Libero Copper's downside and upside margins for the forecasting period are 0 and 7.16, respectively. We have considered Libero 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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Libero Copper stock data series using in forecasting. Note that when a statistical model is used to represent Libero 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 | 113.7991 |
Bias | Arithmetic mean of the errors | None |
MAD | Mean absolute deviation | 0.0403 |
MAPE | Mean absolute percentage error | 0.1111 |
SAE | Sum of the absolute errors | 2.4979 |
Predictive Modules for Libero 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 Libero 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 Libero Copper
For every potential investor in Libero, whether a beginner or expert, Libero Copper's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Libero Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Libero. Basic forecasting techniques help filter out the noise by identifying Libero Copper's price trends.Libero 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 Libero Copper stock to make a market-neutral strategy. Peer analysis of Libero Copper could also be used in its relative valuation, which is a method of valuing Libero Copper by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Libero 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 Libero 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 Libero Copper's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Libero Copper Market Strength Events
Market strength indicators help investors to evaluate how Libero 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 Libero Copper shares will generate the highest return on investment. By undertsting and applying Libero Copper stock market strength indicators, traders can identify Libero Copper Corp entry and exit signals to maximize returns.
Accumulation Distribution | 37437.89 | |||
Daily Balance Of Power | 0.6 | |||
Rate Of Daily Change | 1.09 | |||
Day Median Price | 0.36 | |||
Day Typical Price | 0.36 | |||
Price Action Indicator | 0.03 | |||
Period Momentum Indicator | 0.03 |
Libero Copper Risk Indicators
The analysis of Libero 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 Libero Copper's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting libero 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 | 4.47 | |||
Semi Deviation | 4.22 | |||
Standard Deviation | 6.6 | |||
Variance | 43.63 | |||
Downside Variance | 38.92 | |||
Semi Variance | 17.82 | |||
Expected Short fall | (7.77) |
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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Additional Tools for Libero Stock Analysis
When running Libero Copper's price analysis, check to measure Libero Copper'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 Libero Copper is operating at the current time. Most of Libero Copper's value examination focuses on studying past and present price action to predict the probability of Libero Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Libero Copper's price. Additionally, you may evaluate how the addition of Libero Copper to your portfolios can decrease your overall portfolio volatility.