ShaMaran Petroleum Stock Forecast - 20 Period Moving Average

SNM Stock  SEK 0.89  0.01  1.11%   
The 20 Period Moving Average forecasted value of ShaMaran Petroleum Corp on the next trading day is expected to be 0.89 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 3.79. ShaMaran Stock Forecast is based on your current time horizon.
  
A commonly used 20-period moving average forecast model for ShaMaran Petroleum Corp is based on a synthetically constructed ShaMaran Petroleumdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

ShaMaran Petroleum 20 Period Moving Average Price Forecast For the 23rd of December

Given 90 days horizon, the 20 Period Moving Average forecasted value of ShaMaran Petroleum Corp on the next trading day is expected to be 0.89 with a mean absolute deviation of 0.09, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.79.
Please note that although there have been many attempts to predict ShaMaran 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 ShaMaran Petroleum's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ShaMaran Petroleum Stock Forecast Pattern

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ShaMaran Petroleum Forecasted Value

In the context of forecasting ShaMaran Petroleum'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. ShaMaran Petroleum's downside and upside margins for the forecasting period are 0.01 and 3.92, respectively. We have considered ShaMaran Petroleum'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.
Market Value
0.89
0.89
Expected Value
3.92
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of ShaMaran Petroleum stock data series using in forecasting. Note that when a statistical model is used to represent ShaMaran Petroleum 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 Criteria77.01
BiasArithmetic mean of the errors -0.0914
MADMean absolute deviation0.0924
MAPEMean absolute percentage error0.117
SAESum of the absolute errors3.7895
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. ShaMaran Petroleum Corp 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for ShaMaran Petroleum

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ShaMaran Petroleum 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.
Hype
Prediction
LowEstimatedHigh
0.040.893.92
Details
Intrinsic
Valuation
LowRealHigh
0.040.813.84
Details

Other Forecasting Options for ShaMaran Petroleum

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

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

ShaMaran Petroleum 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 ShaMaran Petroleum'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 ShaMaran Petroleum's current price.

ShaMaran Petroleum Market Strength Events

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

ShaMaran Petroleum Risk Indicators

The analysis of ShaMaran Petroleum'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 ShaMaran Petroleum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shamaran 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.

Thematic Opportunities

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Additional Tools for ShaMaran Stock Analysis

When running ShaMaran Petroleum's price analysis, check to measure ShaMaran Petroleum'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 ShaMaran Petroleum is operating at the current time. Most of ShaMaran Petroleum's value examination focuses on studying past and present price action to predict the probability of ShaMaran Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ShaMaran Petroleum's price. Additionally, you may evaluate how the addition of ShaMaran Petroleum to your portfolios can decrease your overall portfolio volatility.