Brooge Holdings Stock Forecast - Naive Prediction
| BROG Stock | USD 1.26 0.08 5.97% |
The Naive Prediction forecasted value of Brooge Holdings on the next trading day is expected to be 1.25 with a mean absolute deviation of 0.1 and the sum of the absolute errors of 6.06. Brooge Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Brooge Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns.
Brooge |
Brooge Holdings Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Brooge Holdings on the next trading day is expected to be 1.25 with a mean absolute deviation of 0.1, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.06.Please note that although there have been many attempts to predict Brooge 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 Brooge Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Brooge Holdings Stock Forecast Pattern
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Brooge Holdings Forecasted Value
In the context of forecasting Brooge Holdings' 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. Brooge Holdings' downside and upside margins for the forecasting period are 0.01 and 8.57, respectively. We have considered Brooge Holdings' 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Brooge Holdings stock data series using in forecasting. Note that when a statistical model is used to represent Brooge Holdings 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 | 113.9804 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0993 |
| MAPE | Mean absolute percentage error | 0.0676 |
| SAE | Sum of the absolute errors | 6.0556 |
Predictive Modules for Brooge Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Brooge Holdings. 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 Brooge Holdings
For every potential investor in Brooge, whether a beginner or expert, Brooge Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Brooge Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Brooge. Basic forecasting techniques help filter out the noise by identifying Brooge Holdings' price trends.View Brooge Holdings Related Equities
| Risk & Return | Correlation |
Brooge Holdings 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 Brooge Holdings' 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 Brooge Holdings' current price.| Cycle Indicators | ||
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| Volume Indicators |
Brooge Holdings Market Strength Events
Market strength indicators help investors to evaluate how Brooge Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Brooge Holdings shares will generate the highest return on investment. By undertsting and applying Brooge Holdings stock market strength indicators, traders can identify Brooge Holdings entry and exit signals to maximize returns.
Brooge Holdings Risk Indicators
The analysis of Brooge Holdings' 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 Brooge Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting brooge 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 | 5.67 | |||
| Semi Deviation | 6.68 | |||
| Standard Deviation | 7.32 | |||
| Variance | 53.59 | |||
| Downside Variance | 56.27 | |||
| Semi Variance | 44.65 | |||
| Expected Short fall | (6.37) |
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.
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When determining whether Brooge Holdings is a strong investment it is important to analyze Brooge Holdings' 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 Brooge Holdings' future performance. For an informed investment choice regarding Brooge Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Brooge Holdings to cross-verify your projections. For more detail on how to invest in Brooge Stock please use our How to Invest in Brooge Holdings guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Petroleum and Natural Gas space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Brooge Holdings. If investors know Brooge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Brooge Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Brooge Holdings is measured differently than its book value, which is the value of Brooge that is recorded on the company's balance sheet. Investors also form their own opinion of Brooge Holdings' value that differs from its market value or its book value, called intrinsic value, which is Brooge Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Brooge Holdings' market value can be influenced by many factors that don't directly affect Brooge Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Brooge Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Brooge Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brooge Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.