Fremont Gold Stock Forecast - Simple Exponential Smoothing
| FRE Stock | CAD 0.12 0.01 7.69% |
The Simple Exponential Smoothing forecasted value of Fremont Gold on the next trading day is expected to be 0.12 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.46. Fremont Stock Forecast is based on your current time horizon.
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Fremont Gold Simple Exponential Smoothing Price Forecast For the 27th of November
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Fremont Gold on the next trading day is expected to be 0.12 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0002, and the sum of the absolute errors of 0.46.Please note that although there have been many attempts to predict Fremont 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 Fremont Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Fremont Gold Stock Forecast Pattern
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Fremont Gold Forecasted Value
In the context of forecasting Fremont Gold'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. Fremont Gold's downside and upside margins for the forecasting period are 0 and 9.02, respectively. We have considered Fremont Gold'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Fremont Gold stock data series using in forecasting. Note that when a statistical model is used to represent Fremont 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.| AIC | Akaike Information Criteria | 107.6593 |
| Bias | Arithmetic mean of the errors | 3.0E-4 |
| MAD | Mean absolute deviation | 0.0077 |
| MAPE | Mean absolute percentage error | 0.0542 |
| SAE | Sum of the absolute errors | 0.46 |
Predictive Modules for Fremont 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 Fremont Gold. 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 Fremont Gold
For every potential investor in Fremont, whether a beginner or expert, Fremont Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fremont Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fremont. Basic forecasting techniques help filter out the noise by identifying Fremont Gold's price trends.Fremont Gold 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 Fremont Gold stock to make a market-neutral strategy. Peer analysis of Fremont Gold could also be used in its relative valuation, which is a method of valuing Fremont Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fremont Gold 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 Fremont Gold'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 Fremont Gold's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Fremont Gold Market Strength Events
Market strength indicators help investors to evaluate how Fremont Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fremont Gold shares will generate the highest return on investment. By undertsting and applying Fremont Gold stock market strength indicators, traders can identify Fremont Gold entry and exit signals to maximize returns.
| Accumulation Distribution | 0.23 | |||
| Daily Balance Of Power | (0.33) | |||
| Rate Of Daily Change | 0.92 | |||
| Day Median Price | 0.12 | |||
| Day Typical Price | 0.12 | |||
| Market Facilitation Index | 0.03 | |||
| Period Momentum Indicator | (0.01) |
Fremont Gold Risk Indicators
The analysis of Fremont Gold'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 Fremont Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fremont 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 | 5.48 | |||
| Semi Deviation | 5.8 | |||
| Standard Deviation | 8.93 | |||
| Variance | 79.66 | |||
| Downside Variance | 110.52 | |||
| Semi Variance | 33.63 | |||
| Expected Short fall | (14.29) |
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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Additional Tools for Fremont Stock Analysis
When running Fremont Gold's price analysis, check to measure Fremont Gold's 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 Fremont Gold is operating at the current time. Most of Fremont Gold's value examination focuses on studying past and present price action to predict the probability of Fremont Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fremont Gold's price. Additionally, you may evaluate how the addition of Fremont Gold to your portfolios can decrease your overall portfolio volatility.