Champion Iron Stock Forecast - Simple Exponential Smoothing
| CIA Stock | CAD 6.02 0.02 0.33% |
The Simple Exponential Smoothing forecasted value of Champion Iron on the next trading day is expected to be 6.02 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.35. Champion Stock Forecast is based on your current time horizon. Although Champion Iron's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Champion Iron's systematic risk associated with finding meaningful patterns of Champion Iron fundamentals over time.
As of today the relative strength momentum indicator of Champion Iron's share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Quarterly Earnings Growth 1.786 | EPS Estimate Next Quarter 0.0933 | EPS Estimate Current Year 0.3589 | EPS Estimate Next Year 0.3447 | Wall Street Target Price 6.925 |
Using Champion Iron hype-based prediction, you can estimate the value of Champion Iron from the perspective of Champion Iron response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Champion Iron on the next trading day is expected to be 6.02 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.35. Champion Iron after-hype prediction price | CAD 6.04 |
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.
Champion |
Champion Iron Additional Predictive Modules
Most predictive techniques to examine Champion price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Champion using various technical indicators. When you analyze Champion 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 |
Champion Iron Simple Exponential Smoothing Price Forecast For the 24th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Champion Iron on the next trading day is expected to be 6.02 with a mean absolute deviation of 0.09, mean absolute percentage error of 0.02, and the sum of the absolute errors of 5.35.Please note that although there have been many attempts to predict Champion 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 Champion Iron's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Champion Iron Stock Forecast Pattern
| Backtest Champion Iron | Champion Iron Price Prediction | Buy or Sell Advice |
Champion Iron Forecasted Value
In the context of forecasting Champion Iron'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. Champion Iron's downside and upside margins for the forecasting period are 3.59 and 8.45, respectively. We have considered Champion Iron'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 Champion Iron stock data series using in forecasting. Note that when a statistical model is used to represent Champion Iron 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 | 113.9252 |
| Bias | Arithmetic mean of the errors | -0.0277 |
| MAD | Mean absolute deviation | 0.0877 |
| MAPE | Mean absolute percentage error | 0.0165 |
| SAE | Sum of the absolute errors | 5.35 |
Predictive Modules for Champion Iron
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Champion Iron. 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.Champion Iron After-Hype Price Prediction Density Analysis
As far as predicting the price of Champion Iron 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 Champion Iron 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 Champion Iron, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Champion Iron Estimiated After-Hype Price Volatility
In the context of predicting Champion Iron's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Champion Iron's historical news coverage. Champion Iron's after-hype downside and upside margins for the prediction period are 3.61 and 8.47, respectively. We have considered Champion Iron'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
Champion Iron is somewhat reliable at this time. Analysis and calculation of next after-hype price of Champion Iron is based on 3 months time horizon.
Champion Iron Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Champion Iron is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Champion Iron 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 Champion Iron, 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 |
0.57 | 2.43 | 0.02 | 0.05 | 7 Events / Month | 2 Events / Month | In about 7 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
6.02 | 6.04 | 0.33 |
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Champion Iron Hype Timeline
Champion Iron is currently traded for 6.02on Toronto Exchange of Canada. The entity has historical hype elasticity of 0.02, and average elasticity to hype of competition of 0.05. Champion is forecasted to increase in value after the next headline, with the price projected to jump to 6.04 or above. The average volatility of media hype impact on the company the price is over 100%. The price boost on the next news is estimated to be 0.33%, whereas the daily expected return is currently at 0.57%. The volatility of related hype on Champion Iron is about 2963.41%, with the expected price after the next announcement by competition of 6.07. The company reported the revenue of 1.61 B. Net Income was 142.04 M with profit before overhead, payroll, taxes, and interest of 515.11 M. Assuming the 90 days trading horizon the next forecasted press release will be in about 7 days. Check out Historical Fundamental Analysis of Champion Iron to cross-verify your projections.Champion Iron Related Hype Analysis
Having access to credible news sources related to Champion Iron's direct competition is more important than ever and may enhance your ability to predict Champion Iron's future price movements. Getting to know how Champion Iron'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 Champion Iron may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| LIF | Labrador Iron Ore | 0.17 | 7 per month | 0.62 | 0.04 | 1.59 | (1.29) | 5.36 | |
| ERO | Ero Copper Corp | 0.02 | 4 per month | 2.44 | 0.14 | 4.74 | (3.76) | 11.41 | |
| ARIS | Aris Mining | (0.01) | 10 per month | 2.64 | 0.27 | 6.38 | (3.84) | 14.23 | |
| SKE | Skeena Resources | 0.02 | 3 per month | 2.73 | 0.20 | 5.60 | (3.54) | 12.89 | |
| IE | Ivanhoe Energy | 0.15 | 3 per month | 4.13 | 0.03 | 6.37 | (5.67) | 25.19 | |
| AAUC | Allied Gold | (0.49) | 9 per month | 3.35 | 0.18 | 6.26 | (5.05) | 15.55 | |
| WDO | Wesdome Gold Mines | 0.21 | 8 per month | 2.93 | 0.02 | 3.95 | (4.49) | 14.33 | |
| MAU | Montage Gold Corp | (0.04) | 9 per month | 2.27 | 0.21 | 6.54 | (4.62) | 13.13 | |
| ERD | Erdene Resource Development | 1.03 | 7 per month | 2.56 | (0.02) | 5.56 | (4.07) | 21.47 | |
| SVM | Silvercorp Metals | (0.24) | 7 per month | 2.77 | 0.21 | 7.27 | (4.93) | 14.18 |
Other Forecasting Options for Champion Iron
For every potential investor in Champion, whether a beginner or expert, Champion Iron's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Champion Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Champion. Basic forecasting techniques help filter out the noise by identifying Champion Iron's price trends.Champion Iron 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 Champion Iron stock to make a market-neutral strategy. Peer analysis of Champion Iron could also be used in its relative valuation, which is a method of valuing Champion Iron by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Champion Iron Market Strength Events
Market strength indicators help investors to evaluate how Champion Iron stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Champion Iron shares will generate the highest return on investment. By undertsting and applying Champion Iron stock market strength indicators, traders can identify Champion Iron entry and exit signals to maximize returns.
| Accumulation Distribution | 5689.55 | |||
| Daily Balance Of Power | (0.20) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 5.97 | |||
| Day Typical Price | 5.99 | |||
| Price Action Indicator | 0.04 | |||
| Period Momentum Indicator | (0.02) |
Champion Iron Risk Indicators
The analysis of Champion Iron'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 Champion Iron's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting champion 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 | 1.65 | |||
| Semi Deviation | 1.21 | |||
| Standard Deviation | 2.37 | |||
| Variance | 5.61 | |||
| Downside Variance | 2.94 | |||
| Semi Variance | 1.47 | |||
| Expected Short fall | (2.15) |
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 Champion Iron
The number of cover stories for Champion Iron depends on current market conditions and Champion Iron's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Champion Iron 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 Champion Iron'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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Champion Iron Short Properties
Champion Iron's future price predictability will typically decrease when Champion Iron's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Champion Iron often depends not only on the future outlook of the potential Champion Iron'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. Champion Iron's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 527.7 M | |
| Cash And Short Term Investments | 117.5 M |
Other Information on Investing in Champion Stock
Champion Iron financial ratios help investors to determine whether Champion Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Champion with respect to the benefits of owning Champion Iron security.