Solaris Oilfield Stock Forecast - Naive Prediction
| SOIDelisted Stock | USD 11.52 0.56 5.11% |
The Naive Prediction forecasted value of Solaris Oilfield Infrastructure on the next trading day is expected to be 9.96 with a mean absolute deviation of 0.49 and the sum of the absolute errors of 29.73. Solaris Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Solaris Oilfield's historical fundamentals, such as revenue growth or operating cash flow patterns.
Solaris |
Solaris Oilfield Naive Prediction Price Forecast For the 12th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Solaris Oilfield Infrastructure on the next trading day is expected to be 9.96 with a mean absolute deviation of 0.49, mean absolute percentage error of 0.35, and the sum of the absolute errors of 29.73.Please note that although there have been many attempts to predict Solaris 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 Solaris Oilfield's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Solaris Oilfield Stock Forecast Pattern
| Backtest Solaris Oilfield | Solaris Oilfield Price Prediction | Buy or Sell Advice |
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 Solaris Oilfield stock data series using in forecasting. Note that when a statistical model is used to represent Solaris Oilfield 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 | 117.0686 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4874 |
| MAPE | Mean absolute percentage error | 0.0462 |
| SAE | Sum of the absolute errors | 29.7292 |
Predictive Modules for Solaris Oilfield
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Solaris Oilfield Inf. 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.Solaris Oilfield 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 Solaris Oilfield stock to make a market-neutral strategy. Peer analysis of Solaris Oilfield could also be used in its relative valuation, which is a method of valuing Solaris Oilfield by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Solaris Oilfield Market Strength Events
Market strength indicators help investors to evaluate how Solaris Oilfield stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Solaris Oilfield shares will generate the highest return on investment. By undertsting and applying Solaris Oilfield stock market strength indicators, traders can identify Solaris Oilfield Infrastructure entry and exit signals to maximize returns.
Solaris Oilfield Risk Indicators
The analysis of Solaris Oilfield'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 Solaris Oilfield's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting solaris 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 | 2.52 | |||
| Semi Deviation | 2.11 | |||
| Standard Deviation | 5.21 | |||
| Variance | 27.19 | |||
| Downside Variance | 6.76 | |||
| Semi Variance | 4.43 | |||
| Expected Short fall | (3.13) |
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.
Currently Active Assets on Macroaxis
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Other Consideration for investing in Solaris Stock
If you are still planning to invest in Solaris Oilfield Inf check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Solaris Oilfield's history and understand the potential risks before investing.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |