Orissa Minerals Stock Forecast - 4 Period Moving Average

ORISSAMINE   7,792  21.00  0.27%   
The 4 Period Moving Average forecasted value of The Orissa Minerals on the next trading day is expected to be 7,811 with a mean absolute deviation of 233.91 and the sum of the absolute errors of 13,333. Orissa Stock Forecast is based on your current time horizon. Although Orissa Minerals' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Orissa Minerals' systematic risk associated with finding meaningful patterns of Orissa Minerals fundamentals over time.
  
At this time, Orissa Minerals' Intangible Assets are very stable compared to the past year. As of the 4th of December 2024, Other Assets is likely to grow to about 2.7 B, though Total Stockholder Equity is likely to grow to (101.9 M).
A four-period moving average forecast model for The Orissa Minerals is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

Orissa Minerals 4 Period Moving Average Price Forecast For the 5th of December

Given 90 days horizon, the 4 Period Moving Average forecasted value of The Orissa Minerals on the next trading day is expected to be 7,811 with a mean absolute deviation of 233.91, mean absolute percentage error of 100,082, and the sum of the absolute errors of 13,333.
Please note that although there have been many attempts to predict Orissa 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 Orissa Minerals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Orissa Minerals Stock Forecast Pattern

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Orissa Minerals Forecasted Value

In the context of forecasting Orissa Minerals' 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. Orissa Minerals' downside and upside margins for the forecasting period are 7,809 and 7,814, respectively. We have considered Orissa Minerals' 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.
Market Value
7,792
7,811
Expected Value
7,814
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Orissa Minerals stock data series using in forecasting. Note that when a statistical model is used to represent Orissa Minerals 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.
AICAkaike Information Criteria122.2727
BiasArithmetic mean of the errors 0.0039
MADMean absolute deviation233.9136
MAPEMean absolute percentage error0.0277
SAESum of the absolute errors13333.075
The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of Orissa Minerals. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for The Orissa Minerals and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for Orissa Minerals

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Orissa Minerals. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orissa Minerals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
7,8077,8098,594
Details
Intrinsic
Valuation
LowRealHigh
6,7256,7288,594
Details
Bollinger
Band Projection (param)
LowMiddleHigh
7,6037,7447,885
Details

Other Forecasting Options for Orissa Minerals

For every potential investor in Orissa, whether a beginner or expert, Orissa Minerals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Orissa Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Orissa. Basic forecasting techniques help filter out the noise by identifying Orissa Minerals' price trends.

Orissa Minerals 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 Orissa Minerals stock to make a market-neutral strategy. Peer analysis of Orissa Minerals could also be used in its relative valuation, which is a method of valuing Orissa Minerals by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Orissa Minerals 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 Orissa Minerals' 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 Orissa Minerals' current price.

Orissa Minerals Market Strength Events

Market strength indicators help investors to evaluate how Orissa Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Orissa Minerals shares will generate the highest return on investment. By undertsting and applying Orissa Minerals stock market strength indicators, traders can identify The Orissa Minerals entry and exit signals to maximize returns.

Orissa Minerals Risk Indicators

The analysis of Orissa Minerals' 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 Orissa Minerals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting orissa 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.
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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Orissa Stock

Orissa Minerals financial ratios help investors to determine whether Orissa 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 Orissa with respect to the benefits of owning Orissa Minerals security.