Bass Oil Stock Forecast - Simple Regression
| BAS Stock | 0.05 0 6.38% |
The Simple Regression forecasted value of Bass Oil on the next trading day is expected to be 0.06 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.29. Bass Stock Forecast is based on your current time horizon.
At this time, the value of RSI of Bass Oil's share price is approaching 48 suggesting that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Bass Oil, making its price go up or down. Momentum 48
Impartial
Oversold | Overbought |
Using Bass Oil hype-based prediction, you can estimate the value of Bass Oil from the perspective of Bass Oil response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Bass Oil on the next trading day is expected to be 0.06 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.29. Bass Oil after-hype prediction price | AUD 0.05 |
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.
Bass |
Bass Oil Additional Predictive Modules
Most predictive techniques to examine Bass price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Bass using various technical indicators. When you analyze Bass 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 |
Bass Oil Simple Regression Price Forecast For the 23rd of January
Given 90 days horizon, the Simple Regression forecasted value of Bass Oil on the next trading day is expected to be 0.06 with a mean absolute deviation of 0, mean absolute percentage error of 0.000042, and the sum of the absolute errors of 0.29.Please note that although there have been many attempts to predict Bass 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 Bass Oil's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bass Oil Stock Forecast Pattern
| Backtest Bass Oil | Bass Oil Price Prediction | Buy or Sell Advice |
Bass Oil Forecasted Value
In the context of forecasting Bass Oil'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. Bass Oil's downside and upside margins for the forecasting period are 0.0005 and 13.54, respectively. We have considered Bass Oil'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 Regression forecasting method's relative quality and the estimations of the prediction error of Bass Oil stock data series using in forecasting. Note that when a statistical model is used to represent Bass Oil 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 | 109.8795 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0047 |
| MAPE | Mean absolute percentage error | 0.1069 |
| SAE | Sum of the absolute errors | 0.2921 |
Predictive Modules for Bass Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bass Oil. 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.Bass Oil After-Hype Price Prediction Density Analysis
As far as predicting the price of Bass Oil 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 Bass Oil 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 Bass Oil, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Bass Oil Estimiated After-Hype Price Volatility
In the context of predicting Bass Oil's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Bass Oil's historical news coverage. Bass Oil's after-hype downside and upside margins for the prediction period are 0.00 and 13.53, respectively. We have considered Bass Oil'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
Bass Oil is out of control at this time. Analysis and calculation of next after-hype price of Bass Oil is based on 3 months time horizon.
Bass Oil Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Bass Oil is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bass Oil 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 Bass Oil, 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 |
0.97 | 13.48 | 0.00 | 0.02 | 0 Events / Month | 2 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
0.05 | 0.05 | 6.38 |
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Bass Oil Hype Timeline
Bass Oil is currently traded for 0.05on Australian Securities Exchange of Australia. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.02. Bass is projected to increase in value after the next headline, with the price projected to jump to 0.05 or above. The average volatility of media hype impact on the company the price is insignificant. The price appreciation on the next news is anticipated to be 6.38%, whereas the daily expected return is currently at 0.97%. The volatility of related hype on Bass Oil is about 54190.95%, with the expected price after the next announcement by competition of 0.03. The company has Profit Margin (PM) of (0.04) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 0.01 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.01. Assuming the 90 days trading horizon the next projected press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Bass Oil to cross-verify your projections.Bass Oil Related Hype Analysis
Having access to credible news sources related to Bass Oil's direct competition is more important than ever and may enhance your ability to predict Bass Oil's future price movements. Getting to know how Bass Oil'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 Bass Oil may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| AGI | Ainsworth Game Technology | 0.00 | 3 per month | 0.88 | (0.07) | 1.94 | (1.94) | 7.77 | |
| TG1 | Techgen Metals | 0 | 6 per month | 4.87 | 0.11 | 9.38 | (8.33) | 28.25 | |
| CHN | Chalice Mining | (0.06) | 3 per month | 4.33 | 0.04 | 8.82 | (7.53) | 21.98 | |
| OBM | Ora Banda Mining | (0.03) | 9 per month | 3.11 | 0.04 | 6.14 | (5.00) | 14.77 | |
| BM1 | Ballard Mining | (0.02) | 7 per month | 3.21 | 0.17 | 8.00 | (5.66) | 20.76 | |
| BET | Betmakers Technology Group | 0.01 | 6 per month | 3.04 | (0) | 6.25 | (5.88) | 18.06 | |
| EVN | Evolution Mining | (0.1) | 7 per month | 2.84 | 0.10 | 4.41 | (4.47) | 14.68 | |
| DMM | DMC Mining | 0.00 | 2 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Other Forecasting Options for Bass Oil
For every potential investor in Bass, whether a beginner or expert, Bass Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bass Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bass. Basic forecasting techniques help filter out the noise by identifying Bass Oil's price trends.Bass Oil 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 Bass Oil stock to make a market-neutral strategy. Peer analysis of Bass Oil could also be used in its relative valuation, which is a method of valuing Bass Oil by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bass Oil Market Strength Events
Market strength indicators help investors to evaluate how Bass Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bass Oil shares will generate the highest return on investment. By undertsting and applying Bass Oil stock market strength indicators, traders can identify Bass Oil entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.06 | |||
| Day Median Price | 0.05 | |||
| Day Typical Price | 0.05 | |||
| Price Action Indicator | 0.0015 | |||
| Period Momentum Indicator | 0.003 | |||
| Relative Strength Index | 51.57 |
Bass Oil Risk Indicators
The analysis of Bass Oil'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 Bass Oil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bass 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 | 5.85 | |||
| Semi Deviation | 5.39 | |||
| Standard Deviation | 13.48 | |||
| Variance | 181.7 | |||
| Downside Variance | 47.07 | |||
| Semi Variance | 29.07 | |||
| Expected Short fall | (8.22) |
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 Bass Oil
The number of cover stories for Bass Oil depends on current market conditions and Bass Oil's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Bass Oil 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 Bass Oil'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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Bass Oil Short Properties
Bass Oil's future price predictability will typically decrease when Bass Oil's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Bass Oil often depends not only on the future outlook of the potential Bass Oil'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. Bass Oil's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 269.4 M | |
| Cash And Short Term Investments | 619.6 K |
Additional Tools for Bass Stock Analysis
When running Bass Oil's price analysis, check to measure Bass Oil'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 Bass Oil is operating at the current time. Most of Bass Oil's value examination focuses on studying past and present price action to predict the probability of Bass Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bass Oil's price. Additionally, you may evaluate how the addition of Bass Oil to your portfolios can decrease your overall portfolio volatility.