CMC Metals Stock Forecast - 20 Period Moving Average
| CMB Stock | CAD 0.02 0.01 33.33% |
The 20 Period Moving Average forecasted value of CMC Metals on the next trading day is expected to be 0.02 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.16. CMC Stock Forecast is based on your current time horizon.
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CMC Metals 20 Period Moving Average Price Forecast For the 25th of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of CMC Metals on the next trading day is expected to be 0.02 with a mean absolute deviation of 0, mean absolute percentage error of 0.000022, and the sum of the absolute errors of 0.16.Please note that although there have been many attempts to predict CMC 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 CMC Metals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CMC Metals Stock Forecast Pattern
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CMC Metals Forecasted Value
In the context of forecasting CMC Metals' 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. CMC Metals' downside and upside margins for the forecasting period are 0.0002 and 22.61, respectively. We have considered CMC Metals' 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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of CMC Metals stock data series using in forecasting. Note that when a statistical model is used to represent CMC Metals 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 | 70.6444 |
| Bias | Arithmetic mean of the errors | 6.0E-4 |
| MAD | Mean absolute deviation | 0.0039 |
| MAPE | Mean absolute percentage error | 0.1689 |
| SAE | Sum of the absolute errors | 0.161 |
Predictive Modules for CMC Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CMC Metals. 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 CMC Metals
For every potential investor in CMC, whether a beginner or expert, CMC Metals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CMC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CMC. Basic forecasting techniques help filter out the noise by identifying CMC Metals' price trends.CMC Metals 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 CMC Metals stock to make a market-neutral strategy. Peer analysis of CMC Metals could also be used in its relative valuation, which is a method of valuing CMC Metals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CMC Metals 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 CMC Metals' 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 CMC Metals' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
CMC Metals Market Strength Events
Market strength indicators help investors to evaluate how CMC Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CMC Metals shares will generate the highest return on investment. By undertsting and applying CMC Metals stock market strength indicators, traders can identify CMC Metals entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.67 | |||
| Day Median Price | 0.02 | |||
| Day Typical Price | 0.02 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 60.01 |
CMC Metals Risk Indicators
The analysis of CMC Metals' 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 CMC Metals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cmc 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 | 13.15 | |||
| Semi Deviation | 14.02 | |||
| Standard Deviation | 22.67 | |||
| Variance | 513.92 | |||
| Downside Variance | 1234.57 | |||
| Semi Variance | 196.61 | |||
| Expected Short fall | (50.00) |
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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Additional Tools for CMC Stock Analysis
When running CMC Metals' price analysis, check to measure CMC Metals' 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 CMC Metals is operating at the current time. Most of CMC Metals' value examination focuses on studying past and present price action to predict the probability of CMC Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMC Metals' price. Additionally, you may evaluate how the addition of CMC Metals to your portfolios can decrease your overall portfolio volatility.