Equinox Gold Stock Forecast - Naive Prediction

Equinox Gold Additional Predictive Modules

Most predictive techniques to examine Equinox price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Equinox using various technical indicators. When you analyze Equinox 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. A naive forecasting model for Equinox Gold is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Equinox Gold Corp value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Equinox Gold Naive Prediction Price Forecast For the 23rd of January

Given 90 days horizon, the Naive Prediction forecasted value of Equinox Gold Corp on the next trading day is expected to be 15.83 with a mean absolute deviation of 0.33, mean absolute percentage error of 0.18, and the sum of the absolute errors of 20.39.

Equinox Gold Stock Forecast Pattern

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Equinox Gold Price Prediction

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Equinox Gold Forecasted Value

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 Equinox Gold stock data series using in forecasting. Note that when a statistical model is used to represent Equinox Gold 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. This model is not at all useful as a medium-long range forecasting tool of Equinox Gold Corp. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Equinox Gold. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Equinox Gold

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Equinox Gold Corp. 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 Low Estimated High 12.60 15.93 19.26 Details

Intrinsic Valuation Low Real High 11.21 14.54 17.87 Details

Bollinger Band Projection (param) Low Middle High 13.46 14.49 15.53 Details

Equinox Gold After-Hype Price Prediction Density Analysis

Equinox Gold Estimiated After-Hype Price Volatility

Equinox Gold Stock Price Prediction Analysis

Equinox Gold Hype Timeline

On the 22nd of January Equinox Gold Corp is traded for 15.93. The entity has historical hype elasticity of 1.48, and average elasticity to hype of competition of -0.17. Equinox is projected not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is about 148.66%. The immediate return on the next news is projected to be very small, whereas the daily expected return is currently at 0.66%. %. The volatility of related hype on Equinox Gold is about 1326.69%, with the expected price after the next announcement by competition of 15.76. About 61.0% of the company shares are held by institutions such as insurance companies. The book value of Equinox Gold was currently reported as 7.12. The company last dividend was issued on the 20th of August 2019. Equinox Gold Corp had 1:5 split on the 20th of August 2019. Considering the 90-day investment horizon the next projected press release will be in about 20 days. Check out Historical Fundamental Analysis of Equinox Gold to cross-verify your projections.

Equinox Gold Related Hype Analysis

Other Forecasting Options for Equinox Gold

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

Equinox Gold Related Equities

Risk & Return

Correlation

Equinox Gold Market Strength Events

Equinox Gold Risk Indicators

Story Coverage note for Equinox Gold

Other Macroaxis Stories

Equinox Gold Short Properties

Additional Tools for Equinox Stock Analysis