Agnico Eagle Stock Forecast - Simple Moving Average
| AEM Stock | CAD 289.25 6.93 2.45% |
The Simple Moving Average forecasted value of Agnico Eagle Mines on the next trading day is expected to be 289.25 with a mean absolute deviation of 4.93 and the sum of the absolute errors of 295.69. Agnico Stock Forecast is based on your current time horizon. Although Agnico Eagle's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Agnico Eagle's systematic risk associated with finding meaningful patterns of Agnico Eagle fundamentals over time.
As of today the relative strength momentum indicator of Agnico Eagle's share price is below 20 . This suggests that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Quarterly Earnings Growth 0.858 | EPS Estimate Next Quarter 2.1952 | EPS Estimate Current Year 8.1545 | EPS Estimate Next Year 11.3272 | Wall Street Target Price 277.4561 |
Using Agnico Eagle hype-based prediction, you can estimate the value of Agnico Eagle Mines from the perspective of Agnico Eagle response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of Agnico Eagle Mines on the next trading day is expected to be 289.25 with a mean absolute deviation of 4.93 and the sum of the absolute errors of 295.69. Agnico Eagle after-hype prediction price | CAD 292.64 |
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.
Agnico |
Agnico Eagle Additional Predictive Modules
Most predictive techniques to examine Agnico price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Agnico using various technical indicators. When you analyze Agnico 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 |
Agnico Eagle Simple Moving Average Price Forecast For the 22nd of January
Given 90 days horizon, the Simple Moving Average forecasted value of Agnico Eagle Mines on the next trading day is expected to be 289.25 with a mean absolute deviation of 4.93, mean absolute percentage error of 37.10, and the sum of the absolute errors of 295.69.Please note that although there have been many attempts to predict Agnico 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 Agnico Eagle's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Agnico Eagle Stock Forecast Pattern
| Backtest Agnico Eagle | Agnico Eagle Price Prediction | Buy or Sell Advice |
Agnico Eagle Forecasted Value
In the context of forecasting Agnico Eagle'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. Agnico Eagle's downside and upside margins for the forecasting period are 287.00 and 291.50, respectively. We have considered Agnico Eagle'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 Moving Average forecasting method's relative quality and the estimations of the prediction error of Agnico Eagle stock data series using in forecasting. Note that when a statistical model is used to represent Agnico Eagle 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 | 119.8864 |
| Bias | Arithmetic mean of the errors | -1.5168 |
| MAD | Mean absolute deviation | 4.9281 |
| MAPE | Mean absolute percentage error | 0.0204 |
| SAE | Sum of the absolute errors | 295.685 |
Predictive Modules for Agnico Eagle
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Agnico Eagle Mines. 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 Agnico Eagle
For every potential investor in Agnico, whether a beginner or expert, Agnico Eagle's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Agnico Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Agnico. Basic forecasting techniques help filter out the noise by identifying Agnico Eagle's price trends.Agnico Eagle 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 Agnico Eagle stock to make a market-neutral strategy. Peer analysis of Agnico Eagle could also be used in its relative valuation, which is a method of valuing Agnico Eagle by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Agnico Eagle Mines 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 Agnico Eagle'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 Agnico Eagle's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Agnico Eagle Market Strength Events
Market strength indicators help investors to evaluate how Agnico Eagle stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Agnico Eagle shares will generate the highest return on investment. By undertsting and applying Agnico Eagle stock market strength indicators, traders can identify Agnico Eagle Mines entry and exit signals to maximize returns.
| Accumulation Distribution | 23016.02 | |||
| Daily Balance Of Power | 1.273897 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 287.08 | |||
| Day Typical Price | 287.8 | |||
| Price Action Indicator | 5.63 | |||
| Period Momentum Indicator | 6.93 |
Agnico Eagle Risk Indicators
The analysis of Agnico Eagle'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 Agnico Eagle's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting agnico 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 | 1.9 | |||
| Semi Deviation | 2.82 | |||
| Standard Deviation | 2.59 | |||
| Variance | 6.7 | |||
| Downside Variance | 9.07 | |||
| Semi Variance | 7.97 | |||
| Expected Short fall | (1.88) |
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.
When determining whether Agnico Eagle Mines is a strong investment it is important to analyze Agnico Eagle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Agnico Eagle's future performance. For an informed investment choice regarding Agnico Stock, refer to the following important reports: Check out Historical Fundamental Analysis of Agnico Eagle to cross-verify your projections. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.