ConocoPhillips Stock Forecast - Naive Prediction
| COPH34 Stock | BRL 53.88 2.49 4.85% |
The Naive Prediction forecasted value of ConocoPhillips on the next trading day is expected to be 51.12 with a mean absolute deviation of 0.95 and the sum of the absolute errors of 59.12. ConocoPhillips Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ConocoPhillips stock prices and determine the direction of ConocoPhillips's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ConocoPhillips' historical fundamentals, such as revenue growth or operating cash flow patterns.
ConocoPhillips |
ConocoPhillips Naive Prediction Price Forecast For the 29th of November
Given 90 days horizon, the Naive Prediction forecasted value of ConocoPhillips on the next trading day is expected to be 51.12 with a mean absolute deviation of 0.95, mean absolute percentage error of 1.58, and the sum of the absolute errors of 59.12.Please note that although there have been many attempts to predict ConocoPhillips 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 ConocoPhillips' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ConocoPhillips Stock Forecast Pattern
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ConocoPhillips Forecasted Value
In the context of forecasting ConocoPhillips' 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. ConocoPhillips' downside and upside margins for the forecasting period are 48.83 and 53.41, respectively. We have considered ConocoPhillips' 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 ConocoPhillips stock data series using in forecasting. Note that when a statistical model is used to represent ConocoPhillips 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 | 120.4038 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.9535 |
| MAPE | Mean absolute percentage error | 0.0188 |
| SAE | Sum of the absolute errors | 59.118 |
Predictive Modules for ConocoPhillips
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ConocoPhillips. 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 ConocoPhillips
For every potential investor in ConocoPhillips, whether a beginner or expert, ConocoPhillips' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ConocoPhillips Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ConocoPhillips. Basic forecasting techniques help filter out the noise by identifying ConocoPhillips' price trends.ConocoPhillips 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 ConocoPhillips stock to make a market-neutral strategy. Peer analysis of ConocoPhillips could also be used in its relative valuation, which is a method of valuing ConocoPhillips by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ConocoPhillips 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 ConocoPhillips' 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 ConocoPhillips' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ConocoPhillips Market Strength Events
Market strength indicators help investors to evaluate how ConocoPhillips stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ConocoPhillips shares will generate the highest return on investment. By undertsting and applying ConocoPhillips stock market strength indicators, traders can identify ConocoPhillips entry and exit signals to maximize returns.
ConocoPhillips Risk Indicators
The analysis of ConocoPhillips' 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 ConocoPhillips' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting conocophillips 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 | 1.45 | |||
| Semi Deviation | 2.21 | |||
| Standard Deviation | 2.2 | |||
| Variance | 4.86 | |||
| Downside Variance | 5.28 | |||
| Semi Variance | 4.89 | |||
| Expected Short fall | (1.46) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in ConocoPhillips Stock
When determining whether ConocoPhillips is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ConocoPhillips Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Conocophillips Stock. Highlighted below are key reports to facilitate an investment decision about Conocophillips Stock:Check out Historical Fundamental Analysis of ConocoPhillips to cross-verify your projections. For information on how to trade ConocoPhillips Stock refer to our How to Trade ConocoPhillips Stock guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.