Centor Energy Stock Forecast - Double Exponential Smoothing
The Double Exponential Smoothing forecasted value of Centor Energy on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Centor Stock Forecast is based on your current time horizon. Although Centor Energy's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Centor Energy's systematic risk associated with finding meaningful patterns of Centor Energy fundamentals over time.
Centor |
Centor Energy Double Exponential Smoothing Price Forecast For the 28th of November
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Centor Energy on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict Centor 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 Centor Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Centor Energy Stock Forecast Pattern
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Centor Energy Forecasted Value
In the context of forecasting Centor Energy'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. Centor Energy's downside and upside margins for the forecasting period are 0.00 and 0.00, respectively. We have considered Centor Energy'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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Centor Energy stock data series using in forecasting. Note that when a statistical model is used to represent Centor Energy 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 | Huge |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Centor Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Centor Energy. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Centor Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Centor Energy
For every potential investor in Centor, whether a beginner or expert, Centor Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Centor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Centor. Basic forecasting techniques help filter out the noise by identifying Centor Energy's price trends.Centor Energy 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 Centor Energy stock to make a market-neutral strategy. Peer analysis of Centor Energy could also be used in its relative valuation, which is a method of valuing Centor Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Centor Energy 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 Centor Energy'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 Centor Energy's current price.| Cycle Indicators | ||
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Pair Trading with Centor Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centor Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centor Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Centor Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centor Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centor Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centor Energy to buy it.
The correlation of Centor Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centor Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centor Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centor Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Centor Energy to cross-verify your projections. To learn how to invest in Centor Stock, please use our How to Invest in Centor Energy guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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 Centor Energy. If investors know Centor 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 Centor Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (6.09) |
The market value of Centor Energy is measured differently than its book value, which is the value of Centor that is recorded on the company's balance sheet. Investors also form their own opinion of Centor Energy's value that differs from its market value or its book value, called intrinsic value, which is Centor Energy'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 Centor Energy's market value can be influenced by many factors that don't directly affect Centor Energy'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 Centor Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centor Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centor Energy'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.