Ignis Petroleum Stock Forecast - Simple Regression
| IGPG Stock | USD 0.0001 0.00 0.000003% |
The Simple Regression forecasted value of Ignis Petroleum Group on the next trading day is expected to be 0.000015 with a mean absolute deviation of 0.000031 and the sum of the absolute errors of 0. Ignis Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Ignis Petroleum's historical fundamentals, such as revenue growth or operating cash flow patterns.
At this time, Ignis Petroleum's Fixed Asset Turnover is most likely to increase in the upcoming years. The Ignis Petroleum's current Asset Turnover is estimated to increase to 2.11, while Payables Turnover is projected to decrease to 0.67. . The current Net Loss is estimated to decrease to about (1.6 M). Ignis Petroleum Simple Regression Price Forecast For the 27th of December
Given 90 days horizon, the Simple Regression forecasted value of Ignis Petroleum Group on the next trading day is expected to be 0.000015 with a mean absolute deviation of 0.000031, mean absolute percentage error of 0, and the sum of the absolute errors of 0.Please note that although there have been many attempts to predict Ignis 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 Ignis Petroleum's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ignis Petroleum Stock Forecast Pattern
| Backtest Ignis Petroleum | Ignis Petroleum Price Prediction | Buy or Sell Advice |
Ignis Petroleum Forecasted Value
In the context of forecasting Ignis Petroleum'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. Ignis Petroleum's downside and upside margins for the forecasting period are 0.000001 and 178.19, respectively. We have considered Ignis Petroleum'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 Regression forecasting method's relative quality and the estimations of the prediction error of Ignis Petroleum stock data series using in forecasting. Note that when a statistical model is used to represent Ignis Petroleum 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 | 97.8405 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 9.223372036854776E14 |
| SAE | Sum of the absolute errors | 0.0019 |
Predictive Modules for Ignis Petroleum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ignis Petroleum Group. 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 Ignis Petroleum
For every potential investor in Ignis, whether a beginner or expert, Ignis Petroleum's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ignis Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ignis. Basic forecasting techniques help filter out the noise by identifying Ignis Petroleum's price trends.Ignis Petroleum 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 Ignis Petroleum stock to make a market-neutral strategy. Peer analysis of Ignis Petroleum could also be used in its relative valuation, which is a method of valuing Ignis Petroleum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ignis Petroleum Group 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 Ignis Petroleum'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 Ignis Petroleum's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ignis Petroleum Market Strength Events
Market strength indicators help investors to evaluate how Ignis Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ignis Petroleum shares will generate the highest return on investment. By undertsting and applying Ignis Petroleum stock market strength indicators, traders can identify Ignis Petroleum Group entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.0E-4 | |||
| Day Typical Price | 1.0E-4 |
Currently Active Assets on Macroaxis
| DD | Dupont De Nemours | |
| CRDO | Credo Technology Group | |
| GOOG | Alphabet Inc Class C | |
| BAC | Bank of America | |
| CRM | Salesforce |
Check out Historical Fundamental Analysis of Ignis Petroleum to cross-verify your projections. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Oil & Gas E&P space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ignis Petroleum. If investors know Ignis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ignis Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Ignis Petroleum Group is measured differently than its book value, which is the value of Ignis that is recorded on the company's balance sheet. Investors also form their own opinion of Ignis Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Ignis Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ignis Petroleum's market value can be influenced by many factors that don't directly affect Ignis Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ignis Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ignis Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ignis Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.