Mirgor SA Stock Forecast - 8 Period Moving Average
| MIRG Stock | ARS 27,275 400.00 1.49% |
The 8 Period Moving Average forecasted value of Mirgor SA on the next trading day is expected to be 26,797 with a mean absolute deviation of 586.79 and the sum of the absolute errors of 31,100. Mirgor Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Mirgor SA stock prices and determine the direction of Mirgor SA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Mirgor SA's historical fundamentals, such as revenue growth or operating cash flow patterns.
Mirgor |
Mirgor SA 8 Period Moving Average Price Forecast For the 11th of January 2025
Given 90 days horizon, the 8 Period Moving Average forecasted value of Mirgor SA on the next trading day is expected to be 26,797 with a mean absolute deviation of 586.79, mean absolute percentage error of 699,105, and the sum of the absolute errors of 31,100.Please note that although there have been many attempts to predict Mirgor 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 Mirgor SA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mirgor SA Stock Forecast Pattern
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Mirgor SA Forecasted Value
In the context of forecasting Mirgor SA'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. Mirgor SA's downside and upside margins for the forecasting period are 26,795 and 26,798, respectively. We have considered Mirgor SA'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Mirgor SA stock data series using in forecasting. Note that when a statistical model is used to represent Mirgor SA 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 | 116.865 |
| Bias | Arithmetic mean of the errors | -412.1462 |
| MAD | Mean absolute deviation | 586.7925 |
| MAPE | Mean absolute percentage error | 0.0228 |
| SAE | Sum of the absolute errors | 31100.0 |
Predictive Modules for Mirgor SA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mirgor SA. 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 Mirgor SA
For every potential investor in Mirgor, whether a beginner or expert, Mirgor SA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mirgor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mirgor. Basic forecasting techniques help filter out the noise by identifying Mirgor SA's price trends.Mirgor SA 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 Mirgor SA stock to make a market-neutral strategy. Peer analysis of Mirgor SA could also be used in its relative valuation, which is a method of valuing Mirgor SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mirgor SA 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 Mirgor SA'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 Mirgor SA's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Mirgor SA Market Strength Events
Market strength indicators help investors to evaluate how Mirgor SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mirgor SA shares will generate the highest return on investment. By undertsting and applying Mirgor SA stock market strength indicators, traders can identify Mirgor SA entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0482 | |||
| Daily Balance Of Power | 0.3019 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 26812.5 | |||
| Day Typical Price | 26966.67 | |||
| Market Facilitation Index | 1325.0 | |||
| Price Action Indicator | 662.5 | |||
| Period Momentum Indicator | 400.0 | |||
| Relative Strength Index | 61.26 |
Mirgor SA Risk Indicators
The analysis of Mirgor SA'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 Mirgor SA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mirgor 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 | 1.09 | |||
| Semi Deviation | 1.06 | |||
| Standard Deviation | 1.53 | |||
| Variance | 2.34 | |||
| Downside Variance | 2.6 | |||
| Semi Variance | 1.12 | |||
| Expected Short fall | (1.23) |
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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Other Information on Investing in Mirgor Stock
Mirgor SA financial ratios help investors to determine whether Mirgor 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 Mirgor with respect to the benefits of owning Mirgor SA security.