NGL Energy Stock Forecast - Naive Prediction
| NGL Stock | USD 4.72 0.10 2.07% |
The Naive Prediction forecasted value of NGL Energy Partners on the next trading day is expected to be 4.79 with a mean absolute deviation of 0.10 and the sum of the absolute errors of 6.16. NGL Stock Forecast is based on your current time horizon. Although NGL Energy's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of NGL Energy's systematic risk associated with finding meaningful patterns of NGL Energy fundamentals over time.
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NGL Energy Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the NGL Energy's financial statements, predicting their influence on future market prices.
Cash | First Reported 2009-03-31 | Previous Quarter 5.3 M | Current Value 4.5 M | Quarterly Volatility 11.4 M |
NGL Energy Naive Prediction Price Forecast For the 4th of December
Given 90 days horizon, the Naive Prediction forecasted value of NGL Energy Partners on the next trading day is expected to be 4.79 with a mean absolute deviation of 0.10, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.16.Please note that although there have been many attempts to predict NGL 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 NGL Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
NGL Energy Stock Forecast Pattern
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NGL Energy Forecasted Value
In the context of forecasting NGL Energy'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. NGL Energy's downside and upside margins for the forecasting period are 1.98 and 7.61, respectively. We have considered NGL Energy'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of NGL Energy stock data series using in forecasting. Note that when a statistical model is used to represent NGL Energy 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 | 114.011 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.101 |
| MAPE | Mean absolute percentage error | 0.0224 |
| SAE | Sum of the absolute errors | 6.1606 |
Predictive Modules for NGL Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NGL Energy Partners. 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 NGL Energy
For every potential investor in NGL, whether a beginner or expert, NGL Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NGL Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NGL. Basic forecasting techniques help filter out the noise by identifying NGL Energy's price trends.View NGL Energy Related Equities
| Risk & Return | Correlation |
NGL Energy Partners 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 NGL Energy'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 NGL Energy's current price.| Cycle Indicators | ||
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NGL Energy Market Strength Events
Market strength indicators help investors to evaluate how NGL Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NGL Energy shares will generate the highest return on investment. By undertsting and applying NGL Energy stock market strength indicators, traders can identify NGL Energy Partners entry and exit signals to maximize returns.
NGL Energy Risk Indicators
The analysis of NGL Energy'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 NGL Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ngl 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 | 2.2 | |||
| Semi Deviation | 2.36 | |||
| Standard Deviation | 2.88 | |||
| Variance | 8.28 | |||
| Downside Variance | 7.06 | |||
| Semi Variance | 5.59 | |||
| Expected Short fall | (2.59) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of NGL Energy to cross-verify your projections. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NGL Energy. If investors know NGL will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NGL Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.60) | Earnings Share (2.34) | Revenue Per Share 50.855 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0357 |
The market value of NGL Energy Partners is measured differently than its book value, which is the value of NGL that is recorded on the company's balance sheet. Investors also form their own opinion of NGL Energy's value that differs from its market value or its book value, called intrinsic value, which is NGL Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NGL Energy's market value can be influenced by many factors that don't directly affect NGL Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NGL Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NGL Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NGL Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.