Major Drilling Stock Forward View - Simple Exponential Smoothing
| 3MJ Stock | EUR 9.40 0.30 3.09% |
Major Stock outlook is based on your current time horizon. We recommend always using this module together with an analysis of Major Drilling's historical fundamentals, such as revenue growth or operating cash flow patterns.
As of 30th of January 2026, The value of RSI of Major Drilling's share price is at 59. This suggests that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Major Drilling, making its price go up or down. Momentum 59
Buy Extended
Oversold | Overbought |
Using Major Drilling hype-based prediction, you can estimate the value of Major Drilling Group from the perspective of Major Drilling response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Major Drilling Group on the next trading day is expected to be 9.42 with a mean absolute deviation of 0.20 and the sum of the absolute errors of 11.98. Major Drilling after-hype prediction price | EUR 9.4 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Major |
Major Drilling Additional Predictive Modules
Most predictive techniques to examine Major price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Major using various technical indicators. When you analyze Major charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Major Drilling Simple Exponential Smoothing Price Forecast For the 31st of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Major Drilling Group on the next trading day is expected to be 9.42 with a mean absolute deviation of 0.20, mean absolute percentage error of 0.07, and the sum of the absolute errors of 11.98.Please note that although there have been many attempts to predict Major 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 Major Drilling's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Major Drilling Stock Forecast Pattern
| Backtest Major Drilling | Major Drilling Price Prediction | Buy or Sell Advice |
Major Drilling Forecasted Value
In the context of forecasting Major Drilling'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. Major Drilling's downside and upside margins for the forecasting period are 6.06 and 12.78, respectively. We have considered Major Drilling'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Major Drilling stock data series using in forecasting. Note that when a statistical model is used to represent Major Drilling 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 | 113.5471 |
| Bias | Arithmetic mean of the errors | -0.0392 |
| MAD | Mean absolute deviation | 0.1996 |
| MAPE | Mean absolute percentage error | 0.0244 |
| SAE | Sum of the absolute errors | 11.9761 |
Predictive Modules for Major Drilling
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Major Drilling Group. 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.Major Drilling After-Hype Price Density Analysis
As far as predicting the price of Major Drilling at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Major Drilling or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Major Drilling, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Major Drilling Estimiated After-Hype Price Volatility
In the context of predicting Major Drilling's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Major Drilling's historical news coverage. Major Drilling's after-hype downside and upside margins for the prediction period are 6.04 and 12.76, respectively. We have considered Major Drilling's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Major Drilling is slightly risky at this time. Analysis and calculation of next after-hype price of Major Drilling Group is based on 3 months time horizon.
Major Drilling Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Major Drilling is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Major Drilling backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Major Drilling, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.42 | 3.36 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
9.40 | 9.40 | 0.00 |
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Major Drilling Hype Timeline
Major Drilling Group is presently traded for 9.40on Frankfurt Exchange of Germany. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Major is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is presently at 0.42%. %. The volatility of related hype on Major Drilling is about 0.0%, with the expected price after the next announcement by competition of 9.40. About 80.0% of the company shares are owned by institutions such as pension funds. The company has Price-to-Book (P/B) ratio of 1.87. In the past many companies with similar price-to-book ratios have beat the market. Major Drilling Group last dividend was issued on the 7th of October 2015. The entity had 3:1 split on the 21st of March 2011. Assuming the 90 days horizon the next estimated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Major Drilling to cross-verify your projections.Major Drilling Related Hype Analysis
Having access to credible news sources related to Major Drilling's direct competition is more important than ever and may enhance your ability to predict Major Drilling's future price movements. Getting to know how Major Drilling's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Major Drilling may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| UCE | ULTRA CLEAN HLDGS | 0.00 | 0 per month | 0.00 | (0.05) | 4.55 | (4.92) | 14.69 | |
| WIQ | Clean Energy Fuels | 0.00 | 0 per month | 0.00 | (0.12) | 3.80 | (3.94) | 25.95 | |
| 4VGA | REGAL ASIAN INVESTMENTS | 0.00 | 0 per month | 1.42 | 0.18 | 4.52 | (2.31) | 11.26 | |
| 33Z | ZEDER INVESTMENTS | 0.00 | 0 per month | 0.00 | (0.06) | 3.88 | (4.69) | 10.95 | |
| TG9 | Cleanaway Waste Management | 0.00 | 0 per month | 0.95 | (0.04) | 2.03 | (1.41) | 6.88 | |
| 8PM | PennyMac Mortgage Investment | 0.00 | 0 per month | 0.99 | 0.04 | 2.61 | (1.95) | 7.21 | |
| BEW | DIVERSIFIED ROYALTY | 0.00 | 0 per month | 2.66 | 0.07 | 4.55 | (4.31) | 17.09 | |
| 3I7 | Westshore Terminals Investment | 0.00 | 0 per month | 0.87 | 0.15 | 1.91 | (1.96) | 4.43 |
Other Forecasting Options for Major Drilling
For every potential investor in Major, whether a beginner or expert, Major Drilling's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Major Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Major. Basic forecasting techniques help filter out the noise by identifying Major Drilling's price trends.Major Drilling 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 Major Drilling stock to make a market-neutral strategy. Peer analysis of Major Drilling could also be used in its relative valuation, which is a method of valuing Major Drilling by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Major Drilling Market Strength Events
Market strength indicators help investors to evaluate how Major Drilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Major Drilling shares will generate the highest return on investment. By undertsting and applying Major Drilling stock market strength indicators, traders can identify Major Drilling Group entry and exit signals to maximize returns.
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 9.4 | |||
| Day Typical Price | 9.4 | |||
| Price Action Indicator | (0.15) | |||
| Period Momentum Indicator | (0.30) | |||
| Relative Strength Index | 59.41 |
Major Drilling Risk Indicators
The analysis of Major Drilling'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 Major Drilling's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting major 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 | 2.49 | |||
| Semi Deviation | 2.56 | |||
| Standard Deviation | 3.21 | |||
| Variance | 10.33 | |||
| Downside Variance | 8.6 | |||
| Semi Variance | 6.53 | |||
| Expected Short fall | (3.07) |
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.
Story Coverage note for Major Drilling
The number of cover stories for Major Drilling depends on current market conditions and Major Drilling's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Major Drilling is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Major Drilling's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Other Information on Investing in Major Stock
Major Drilling financial ratios help investors to determine whether Major 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 Major with respect to the benefits of owning Major Drilling security.