Centaurus Metals Stock Forecast - Simple Moving Average

CTM Stock   0.45  0.02  4.65%   
The Simple Moving Average forecasted value of Centaurus Metals on the next trading day is expected to be 0.45 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.90. Centaurus Stock Forecast is based on your current time horizon.
  
At this time, Centaurus Metals' Cash And Short Term Investments are comparatively stable compared to the past year. Net Receivables is likely to gain to about 1.7 M in 2024, despite the fact that Retained Earnings are likely to grow to (210.5 M).
A two period moving average forecast for Centaurus Metals is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Centaurus Metals Simple Moving Average Price Forecast For the 28th of November

Given 90 days horizon, the Simple Moving Average forecasted value of Centaurus Metals on the next trading day is expected to be 0.45 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0004, and the sum of the absolute errors of 0.90.
Please note that although there have been many attempts to predict Centaurus 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 Centaurus Metals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Centaurus Metals Stock Forecast Pattern

Backtest Centaurus MetalsCentaurus Metals Price PredictionBuy or Sell Advice 

Centaurus Metals Forecasted Value

In the context of forecasting Centaurus 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. Centaurus Metals' downside and upside margins for the forecasting period are 0 and 5.18, respectively. We have considered Centaurus 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.
Market Value
0.45
0.45
Expected Value
5.18
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Centaurus Metals stock data series using in forecasting. Note that when a statistical model is used to represent Centaurus 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.
AICAkaike Information Criteria108.3874
BiasArithmetic mean of the errors -0.0013
MADMean absolute deviation0.0149
MAPEMean absolute percentage error0.0325
SAESum of the absolute errors0.895
The simple moving average model is conceptually a linear regression of the current value of Centaurus Metals price series against current and previous (unobserved) value of Centaurus Metals. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for Centaurus 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 Centaurus 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.
Hype
Prediction
LowEstimatedHigh
0.020.465.19
Details
Intrinsic
Valuation
LowRealHigh
0.020.395.12
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.02-0.02-0.01
Details

Other Forecasting Options for Centaurus Metals

For every potential investor in Centaurus, whether a beginner or expert, Centaurus Metals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Centaurus Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Centaurus. Basic forecasting techniques help filter out the noise by identifying Centaurus Metals' price trends.

Centaurus 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 Centaurus Metals stock to make a market-neutral strategy. Peer analysis of Centaurus Metals could also be used in its relative valuation, which is a method of valuing Centaurus Metals by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Centaurus 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 Centaurus 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 Centaurus Metals' current price.

Centaurus Metals Market Strength Events

Market strength indicators help investors to evaluate how Centaurus 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 Centaurus Metals shares will generate the highest return on investment. By undertsting and applying Centaurus Metals stock market strength indicators, traders can identify Centaurus Metals entry and exit signals to maximize returns.

Centaurus Metals Risk Indicators

The analysis of Centaurus 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 Centaurus Metals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting centaurus 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.
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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Centaurus Stock Analysis

When running Centaurus Metals' price analysis, check to measure Centaurus 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 Centaurus Metals is operating at the current time. Most of Centaurus Metals' value examination focuses on studying past and present price action to predict the probability of Centaurus Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centaurus Metals' price. Additionally, you may evaluate how the addition of Centaurus Metals to your portfolios can decrease your overall portfolio volatility.