Collective Mining Stock Forecast - Naive Prediction
| CNL Stock | 14.59 0.42 2.80% |
The Naive Prediction forecasted value of Collective Mining on the next trading day is expected to be 14.23 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 21.10. Collective Stock Forecast is based on your current time horizon. Although Collective Mining's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Collective Mining's systematic risk associated with finding meaningful patterns of Collective Mining fundamentals over time.
As of now the relative strength momentum indicator of Collective Mining'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 |
EPS Estimate Next Quarter (0.12) | EPS Estimate Current Year (0.48) | EPS Estimate Next Year (0.37) | Wall Street Target Price 16.5 | EPS Estimate Current Quarter (0.09) |
Using Collective Mining hype-based prediction, you can estimate the value of Collective Mining from the perspective of Collective Mining response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Collective Mining on the next trading day is expected to be 14.23 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 21.10. Collective Mining after-hype prediction price | USD 14.59 |
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.
Collective | Build AI portfolio with Collective Stock |
Collective Mining Additional Predictive Modules
Most predictive techniques to examine Collective price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Collective using various technical indicators. When you analyze Collective 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 |
Collective Mining Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Collective Mining's financial statements, predicting their influence on future market prices.
Cash | First Reported 2001-06-30 | Previous Quarter 70.6 M | Current Value 52.9 M | Quarterly Volatility 63.8 M |
Collective Mining Naive Prediction Price Forecast For the 3rd of January
Given 90 days horizon, the Naive Prediction forecasted value of Collective Mining on the next trading day is expected to be 14.23 with a mean absolute deviation of 0.35, mean absolute percentage error of 0.18, and the sum of the absolute errors of 21.10.Please note that although there have been many attempts to predict Collective 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 Collective Mining's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Collective Mining Stock Forecast Pattern
| Backtest Collective Mining | Collective Mining Price Prediction | Buy or Sell Advice |
Collective Mining Forecasted Value
In the context of forecasting Collective Mining'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. Collective Mining's downside and upside margins for the forecasting period are 10.58 and 17.89, respectively. We have considered Collective Mining'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Collective Mining stock data series using in forecasting. Note that when a statistical model is used to represent Collective Mining 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 | 116.3764 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3459 |
| MAPE | Mean absolute percentage error | 0.0287 |
| SAE | Sum of the absolute errors | 21.0993 |
Predictive Modules for Collective Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Collective Mining. 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 Collective Mining
For every potential investor in Collective, whether a beginner or expert, Collective Mining's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Collective Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Collective. Basic forecasting techniques help filter out the noise by identifying Collective Mining's price trends.Collective Mining 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 Collective Mining stock to make a market-neutral strategy. Peer analysis of Collective Mining could also be used in its relative valuation, which is a method of valuing Collective Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Collective Mining 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 Collective Mining's 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 Collective Mining's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Collective Mining Market Strength Events
Market strength indicators help investors to evaluate how Collective Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Collective Mining shares will generate the highest return on investment. By undertsting and applying Collective Mining stock market strength indicators, traders can identify Collective Mining entry and exit signals to maximize returns.
Collective Mining Risk Indicators
The analysis of Collective Mining'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 Collective Mining's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting collective 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 | 2.83 | |||
| Semi Deviation | 4.37 | |||
| Standard Deviation | 3.77 | |||
| Variance | 14.24 | |||
| Downside Variance | 20.67 | |||
| Semi Variance | 19.1 | |||
| Expected Short fall | (2.55) |
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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Try AI Portfolio ProphetCheck out Historical Fundamental Analysis of Collective Mining to cross-verify your projections. For more information on how to buy Collective Stock please use our How to buy in Collective Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Diversified Metals & Mining 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 Collective Mining. If investors know Collective 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 Collective Mining 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 Collective Mining is measured differently than its book value, which is the value of Collective that is recorded on the company's balance sheet. Investors also form their own opinion of Collective Mining's value that differs from its market value or its book value, called intrinsic value, which is Collective Mining's 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 Collective Mining's market value can be influenced by many factors that don't directly affect Collective Mining's 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 Collective Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Collective Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Collective Mining's 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.