Alaska Hydro Stock Forecast - 20 Period Moving Average

AKH-H Stock  CAD 0.01  0.01  33.33%   
The 20 Period Moving Average forecasted value of Alaska Hydro on the next trading day is expected to be 0.01 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.09. Alaska Stock Forecast is based on your current time horizon.
  
At this time, Alaska Hydro's Total Assets are fairly stable compared to the past year. Other Current Liabilities is likely to climb to about 24.8 K in 2024, whereas Total Current Liabilities is likely to drop slightly above 96.3 K in 2024.
A commonly used 20-period moving average forecast model for Alaska Hydro is based on a synthetically constructed Alaska Hydrodaily 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.

Alaska Hydro 20 Period Moving Average Price Forecast For the 28th of November

Given 90 days horizon, the 20 Period Moving Average forecasted value of Alaska Hydro on the next trading day is expected to be 0.01 with a mean absolute deviation of 0, mean absolute percentage error of 0.00000548, and the sum of the absolute errors of 0.09.
Please note that although there have been many attempts to predict Alaska 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 Alaska Hydro's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Alaska Hydro Stock Forecast Pattern

Backtest Alaska HydroAlaska Hydro Price PredictionBuy or Sell Advice 

Alaska Hydro Forecasted Value

In the context of forecasting Alaska Hydro'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. Alaska Hydro's downside and upside margins for the forecasting period are 0.0001 and 19.31, respectively. We have considered Alaska Hydro'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
0.01
0.0001
Downside
0.01
Expected Value
19.31
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 Alaska Hydro stock data series using in forecasting. Note that when a statistical model is used to represent Alaska Hydro 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 Criteria69.2383
BiasArithmetic mean of the errors -3.0E-4
MADMean absolute deviation0.0021
MAPEMean absolute percentage error0.174
SAESum of the absolute errors0.088
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. Alaska Hydro 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Alaska Hydro

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alaska Hydro. 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
0.000.0119.15
Details
Intrinsic
Valuation
LowRealHigh
0.000.0119.15
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alaska Hydro. Your research has to be compared to or analyzed against Alaska Hydro's peers to derive any actionable benefits. When done correctly, Alaska Hydro's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alaska Hydro.

Other Forecasting Options for Alaska Hydro

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

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

Alaska Hydro 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 Alaska Hydro'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 Alaska Hydro's current price.

Alaska Hydro Market Strength Events

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

Alaska Hydro Risk Indicators

The analysis of Alaska Hydro'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 Alaska Hydro's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting alaska 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

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Alaska Stock Analysis

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