AltynGold Plc Stock Forecast - Simple Exponential Smoothing
| ALTN Stock | 1,700 150.00 9.68% |
AltynGold Stock outlook is based on your current time horizon.
The relative strength momentum indicator of AltynGold Plc's stock price is slightly above 67. This suggests that the stock is rather overbought by investors at the present time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling AltynGold, making its price go up or down. Momentum 67
Buy Stretched
Oversold | Overbought |
Quarterly Earnings Growth 2.268 | EPS Estimate Current Year 2.0567 | EPS Estimate Next Year 2.1036 | Wall Street Target Price 190 | Quarterly Revenue Growth 0.823 |
Using AltynGold Plc hype-based prediction, you can estimate the value of AltynGold plc from the perspective of AltynGold Plc response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of AltynGold plc on the next trading day is expected to be 1,696 with a mean absolute deviation of 39.91 and the sum of the absolute errors of 2,435. AltynGold Plc after-hype prediction price | GBX 0.0 |
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.
AltynGold |
AltynGold Plc Additional Predictive Modules
Most predictive techniques to examine AltynGold price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for AltynGold using various technical indicators. When you analyze AltynGold 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 |
AltynGold Plc Simple Exponential Smoothing Price Forecast For the 30th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of AltynGold plc on the next trading day is expected to be 1,696 with a mean absolute deviation of 39.91, mean absolute percentage error of 2,761, and the sum of the absolute errors of 2,435.Please note that although there have been many attempts to predict AltynGold 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 AltynGold Plc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
AltynGold Plc Stock Forecast Pattern
| Backtest AltynGold Plc | AltynGold Plc Price Prediction | Buy or Sell Advice |
AltynGold Plc Forecasted Value
In the context of forecasting AltynGold Plc'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. AltynGold Plc's downside and upside margins for the forecasting period are 1,692 and 1,700, respectively. We have considered AltynGold Plc'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 AltynGold Plc stock data series using in forecasting. Note that when a statistical model is used to represent AltynGold Plc 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 | 126.0339 |
| Bias | Arithmetic mean of the errors | -15.1485 |
| MAD | Mean absolute deviation | 39.9109 |
| MAPE | Mean absolute percentage error | 0.0332 |
| SAE | Sum of the absolute errors | 2434.5635 |
Predictive Modules for AltynGold Plc
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AltynGold plc. 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.AltynGold Plc After-Hype Price Density Analysis
As far as predicting the price of AltynGold Plc 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 AltynGold Plc 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 AltynGold Plc, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
AltynGold Plc Estimiated After-Hype Price Volatility
In the context of predicting AltynGold Plc's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on AltynGold Plc's historical news coverage. AltynGold Plc's after-hype downside and upside margins for the prediction period are 0.00 and 4.43, respectively. We have considered AltynGold Plc'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
AltynGold Plc is very steady at this time. Analysis and calculation of next after-hype price of AltynGold plc is based on 3 months time horizon.
AltynGold Plc Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as AltynGold Plc is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading AltynGold Plc 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 AltynGold Plc, 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 |
1.09 | 4.46 | 53.41 | 2.46 | 5 Events / Month | 1 Events / Month | In about 5 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
1,700 | 0.00 | 0.00 |
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AltynGold Plc Hype Timeline
AltynGold plc is presently traded for 1,700on London Exchange of UK. The entity has historical hype elasticity of 53.41, and average elasticity to hype of competition of -2.46. AltynGold is projected not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is about 9.1%. The immediate return on the next news is projected to be very small, whereas the daily expected return is presently at 1.09%. %. The volatility of related hype on AltynGold Plc is about 197.85%, with the expected price after the next announcement by competition of 1,698. About 66.0% of the company shares are held by company insiders. The company had not issued any dividends in recent years. AltynGold plc had 1:100 split on the 23rd of November 2020. Assuming the 90 days trading horizon the next projected press release will be in about 5 days. Check out Historical Fundamental Analysis of AltynGold Plc to cross-verify your projections.AltynGold Plc Related Hype Analysis
Having access to credible news sources related to AltynGold Plc's direct competition is more important than ever and may enhance your ability to predict AltynGold Plc's future price movements. Getting to know how AltynGold Plc'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 AltynGold Plc may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| 0R9C | Cellnex Telecom SA | (0.04) | 5 per month | 0.00 | (0.18) | 1.79 | (2.85) | 6.81 | |
| MTEC | Made Tech Group | 0.58 | 4 per month | 1.97 | 0.06 | 5.38 | (3.40) | 31.82 | |
| 0K19 | Microchip Technology | (0.46) | 4 per month | 2.26 | 0.11 | 4.76 | (3.16) | 14.61 | |
| 0R2T | Micron Technology | (16.00) | 9 per month | 3.16 | 0.24 | 8.37 | (5.13) | 20.40 | |
| 0HCK | Align Technology | (4.06) | 3 per month | 1.48 | 0.11 | 3.63 | (2.69) | 8.59 | |
| PRTC | PureTech Health plc | 4.20 | 5 per month | 1.20 | (0.04) | 2.23 | (1.91) | 7.35 | |
| AATG | Albion Technology General | 0.00 | 2 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Other Forecasting Options for AltynGold Plc
For every potential investor in AltynGold, whether a beginner or expert, AltynGold Plc's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AltynGold Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AltynGold. Basic forecasting techniques help filter out the noise by identifying AltynGold Plc's price trends.AltynGold Plc 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 AltynGold Plc stock to make a market-neutral strategy. Peer analysis of AltynGold Plc could also be used in its relative valuation, which is a method of valuing AltynGold Plc by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AltynGold Plc Market Strength Events
Market strength indicators help investors to evaluate how AltynGold Plc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AltynGold Plc shares will generate the highest return on investment. By undertsting and applying AltynGold Plc stock market strength indicators, traders can identify AltynGold plc entry and exit signals to maximize returns.
| Accumulation Distribution | 7503.31 | |||
| Daily Balance Of Power | 1.304348 | |||
| Rate Of Daily Change | 1.1 | |||
| Day Median Price | 1652.5 | |||
| Day Typical Price | 1668.33 | |||
| Market Facilitation Index | 0.001 | |||
| Price Action Indicator | 122.5 | |||
| Period Momentum Indicator | 150.0 | |||
| Relative Strength Index | 67.2 |
AltynGold Plc Risk Indicators
The analysis of AltynGold Plc'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 AltynGold Plc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting altyngold 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 | 3.36 | |||
| Semi Deviation | 3.23 | |||
| Standard Deviation | 4.44 | |||
| Variance | 19.7 | |||
| Downside Variance | 16.81 | |||
| Semi Variance | 10.46 | |||
| Expected Short fall | (3.86) |
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 AltynGold Plc
The number of cover stories for AltynGold Plc depends on current market conditions and AltynGold Plc's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that AltynGold Plc 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 AltynGold Plc'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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AltynGold Plc Short Properties
AltynGold Plc's future price predictability will typically decrease when AltynGold Plc's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of AltynGold plc often depends not only on the future outlook of the potential AltynGold Plc's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. AltynGold Plc's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 27.3 M | |
| Cash And Short Term Investments | 10.4 M |
Additional Tools for AltynGold Stock Analysis
When running AltynGold Plc's price analysis, check to measure AltynGold Plc'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 AltynGold Plc is operating at the current time. Most of AltynGold Plc's value examination focuses on studying past and present price action to predict the probability of AltynGold Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AltynGold Plc's price. Additionally, you may evaluate how the addition of AltynGold Plc to your portfolios can decrease your overall portfolio volatility.