Galore Resources Stock Forecast - 4 Period Moving Average
| GRI Stock | CAD 0.01 0.00 0.00% |
The 4 Period Moving Average forecasted value of Galore Resources on the next trading day is expected to be 0.01 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.13. Galore Stock Forecast is based on your current time horizon.
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Galore Resources 4 Period Moving Average Price Forecast For the 12th of December 2024
Given 90 days horizon, the 4 Period Moving Average forecasted value of Galore Resources on the next trading day is expected to be 0.01 with a mean absolute deviation of 0, mean absolute percentage error of 0.000016, and the sum of the absolute errors of 0.13.Please note that although there have been many attempts to predict Galore 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 Galore Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Galore Resources Stock Forecast Pattern
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Galore Resources Forecasted Value
In the context of forecasting Galore Resources' 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. Galore Resources' downside and upside margins for the forecasting period are 0.0001 and 25.36, respectively. We have considered Galore Resources' 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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Galore Resources stock data series using in forecasting. Note that when a statistical model is used to represent Galore Resources 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 | 99.7302 |
| Bias | Arithmetic mean of the errors | 4.0E-4 |
| MAD | Mean absolute deviation | 0.0023 |
| MAPE | Mean absolute percentage error | 0.182 |
| SAE | Sum of the absolute errors | 0.13 |
Predictive Modules for Galore Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Galore Resources. 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 Galore Resources
For every potential investor in Galore, whether a beginner or expert, Galore Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Galore Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Galore. Basic forecasting techniques help filter out the noise by identifying Galore Resources' price trends.Galore Resources 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 Galore Resources stock to make a market-neutral strategy. Peer analysis of Galore Resources could also be used in its relative valuation, which is a method of valuing Galore Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Galore Resources 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 Galore Resources' 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 Galore Resources' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Galore Resources Market Strength Events
Market strength indicators help investors to evaluate how Galore Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Galore Resources shares will generate the highest return on investment. By undertsting and applying Galore Resources stock market strength indicators, traders can identify Galore Resources entry and exit signals to maximize returns.
Galore Resources Risk Indicators
The analysis of Galore Resources' 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 Galore Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting galore 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 | 9.37 | |||
| Standard Deviation | 25.35 | |||
| Variance | 642.6 |
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 Galore Stock Analysis
When running Galore Resources' price analysis, check to measure Galore Resources' 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 Galore Resources is operating at the current time. Most of Galore Resources' value examination focuses on studying past and present price action to predict the probability of Galore Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galore Resources' price. Additionally, you may evaluate how the addition of Galore Resources to your portfolios can decrease your overall portfolio volatility.