Awale Resources Stock Forecast - Simple Moving Average

ARIC Stock  CAD 0.49  0.01  2.00%   
The Simple Moving Average forecasted value of Awale Resources on the next trading day is expected to be 0.49 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.61. Awale Stock Forecast is based on your current time horizon.
  
Payables Turnover is likely to drop to 0.01 in 2024. Fixed Asset Turnover is likely to drop to 0 in 2024. Common Stock Shares Outstanding is likely to climb to about 65.8 M in 2024, whereas Net Loss is likely to drop (748.6 K) in 2024.
A two period moving average forecast for Awale Resources is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Awale Resources Simple Moving Average Price Forecast For the 28th of November

Given 90 days horizon, the Simple Moving Average forecasted value of Awale Resources on the next trading day is expected to be 0.49 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0002, and the sum of the absolute errors of 0.61.
Please note that although there have been many attempts to predict Awale 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 Awale Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Awale Resources Stock Forecast Pattern

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Awale Resources Forecasted Value

In the context of forecasting Awale 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. Awale Resources' downside and upside margins for the forecasting period are 0 and 3.56, respectively. We have considered Awale 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.
Market Value
0.49
0.49
Expected Value
3.56
Upside

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 Awale Resources stock data series using in forecasting. Note that when a statistical model is used to represent Awale 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.
AICAkaike Information Criteria107.922
BiasArithmetic mean of the errors 4.0E-4
MADMean absolute deviation0.0101
MAPEMean absolute percentage error0.0216
SAESum of the absolute errors0.605
The simple moving average model is conceptually a linear regression of the current value of Awale Resources price series against current and previous (unobserved) value of Awale Resources. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for Awale 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 Awale 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Awale Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.030.503.57
Details
Intrinsic
Valuation
LowRealHigh
0.020.413.48
Details

Other Forecasting Options for Awale Resources

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

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

Awale 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 Awale 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 Awale Resources' current price.

Awale Resources Market Strength Events

Market strength indicators help investors to evaluate how Awale 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 Awale Resources shares will generate the highest return on investment. By undertsting and applying Awale Resources stock market strength indicators, traders can identify Awale Resources entry and exit signals to maximize returns.

Awale Resources Risk Indicators

The analysis of Awale Resources' 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 Awale Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting awale 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

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Additional Tools for Awale Stock Analysis

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