Magnis Resources Stock Forecast - Double Exponential Smoothing
| U1P Stock | EUR 0.04 0.00 0.00% |
The Double Exponential Smoothing forecasted value of Magnis Resources Limited on the next trading day is expected to be 0.04 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Magnis Stock Forecast is based on your current time horizon.
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Magnis Resources Double Exponential Smoothing Price Forecast For the 9th of January
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Magnis Resources Limited on the next trading day is expected to be 0.04 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict Magnis 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 Magnis Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Magnis Resources Stock Forecast Pattern
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Magnis Resources Forecasted Value
In the context of forecasting Magnis Resources' 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. Magnis Resources' downside and upside margins for the forecasting period are 0.04 and 0.04, respectively. We have considered Magnis Resources' 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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Magnis Resources stock data series using in forecasting. Note that when a statistical model is used to represent Magnis Resources 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 | Huge |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Magnis Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Magnis Resources. 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 Magnis Resources
For every potential investor in Magnis, whether a beginner or expert, Magnis Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Magnis Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Magnis. Basic forecasting techniques help filter out the noise by identifying Magnis Resources' price trends.Magnis Resources 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 Magnis Resources stock to make a market-neutral strategy. Peer analysis of Magnis Resources could also be used in its relative valuation, which is a method of valuing Magnis Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Magnis Resources 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 Magnis Resources' 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 Magnis Resources' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Magnis Resources Market Strength Events
Market strength indicators help investors to evaluate how Magnis Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magnis Resources shares will generate the highest return on investment. By undertsting and applying Magnis Resources stock market strength indicators, traders can identify Magnis Resources Limited entry and exit signals to maximize returns.
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Additional Tools for Magnis Stock Analysis
When running Magnis Resources' price analysis, check to measure Magnis Resources' 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 Magnis Resources is operating at the current time. Most of Magnis Resources' value examination focuses on studying past and present price action to predict the probability of Magnis Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnis Resources' price. Additionally, you may evaluate how the addition of Magnis Resources to your portfolios can decrease your overall portfolio volatility.