Lion Electric Stock Forecast - 8 Period Moving Average
| LEV Stock | CAD 0.35 0.00 0.00% |
The 8 Period Moving Average forecasted value of Lion Electric Corp on the next trading day is expected to be 0.35 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 1.96. Lion Stock Forecast is based on your current time horizon. Although Lion Electric's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Lion Electric's systematic risk associated with finding meaningful patterns of Lion Electric fundamentals over time.
Lion |
Lion Electric 8 Period Moving Average Price Forecast For the 20th of February
Given 90 days horizon, the 8 Period Moving Average forecasted value of Lion Electric Corp on the next trading day is expected to be 0.35 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 1.96.Please note that although there have been many attempts to predict Lion 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 Lion Electric's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Lion Electric Stock Forecast Pattern
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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 Lion Electric stock data series using in forecasting. Note that when a statistical model is used to represent Lion Electric 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 | 98.0259 |
| Bias | Arithmetic mean of the errors | -4.0E-4 |
| MAD | Mean absolute deviation | 0.0369 |
| MAPE | Mean absolute percentage error | 0.0937 |
| SAE | Sum of the absolute errors | 1.9563 |
Predictive Modules for Lion Electric
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Lion Electric 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.Lion Electric 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 Lion Electric stock to make a market-neutral strategy. Peer analysis of Lion Electric could also be used in its relative valuation, which is a method of valuing Lion Electric by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Lion Electric Market Strength Events
Market strength indicators help investors to evaluate how Lion Electric stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Lion Electric shares will generate the highest return on investment. By undertsting and applying Lion Electric stock market strength indicators, traders can identify Lion Electric Corp entry and exit signals to maximize returns.
Lion Electric Risk Indicators
The analysis of Lion Electric'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 Lion Electric's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lion 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 | 5.76 | |||
| Standard Deviation | 11.14 | |||
| Variance | 124.2 |
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 Lion Stock
Lion Electric financial ratios help investors to determine whether Lion 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 Lion with respect to the benefits of owning Lion Electric security.