Iridium World Stock Forecast - Naive Prediction
The Naive Prediction forecasted value of Iridium World Communications on the next trading day is expected to be 0.000022 with a mean absolute deviation of 0.00000954 and the sum of the absolute errors of 0.0006. Iridium Stock Forecast is based on your current time horizon. Although Iridium World's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Iridium World's systematic risk associated with finding meaningful patterns of Iridium World fundamentals over time.
As of today the relative strength index (rsi) of Iridium World's share price is below 20 . This usually indicates that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Iridium World hype-based prediction, you can estimate the value of Iridium World Communications from the perspective of Iridium World response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Iridium World Communications on the next trading day is expected to be 0.000022 with a mean absolute deviation of 0.00000954 and the sum of the absolute errors of 0.0006. Iridium World after-hype prediction price | USD 0.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Iridium World to cross-verify your projections. Iridium World Additional Predictive Modules
Most predictive techniques to examine Iridium price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Iridium using various technical indicators. When you analyze Iridium 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.| Cycle Indicators | ||
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Iridium World Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Iridium World's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2010-12-31 | Previous Quarter 0.0 | Current Value 0.0 | Quarterly Volatility 0.0 |
Iridium World Naive Prediction Price Forecast For the 22nd of January
Given 90 days horizon, the Naive Prediction forecasted value of Iridium World Communications on the next trading day is expected to be 0.000022 with a mean absolute deviation of 0.00000954, mean absolute percentage error of 0, and the sum of the absolute errors of 0.0006.Please note that although there have been many attempts to predict Iridium 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 Iridium World's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Iridium World Stock Forecast Pattern
| Backtest Iridium World | Iridium World Price Prediction | Buy or Sell Advice |
Iridium World Forecasted Value
In the context of forecasting Iridium World'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. Iridium World's downside and upside margins for the forecasting period are 0.00 and 12.80, respectively. We have considered Iridium World'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Iridium World stock data series using in forecasting. Note that when a statistical model is used to represent Iridium World 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 | 95.8002 |
| 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 | 6.0E-4 |
Predictive Modules for Iridium World
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Iridium World Commun. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iridium World's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Iridium World
For every potential investor in Iridium, whether a beginner or expert, Iridium World's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Iridium Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Iridium. Basic forecasting techniques help filter out the noise by identifying Iridium World's price trends.Iridium World 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 Iridium World stock to make a market-neutral strategy. Peer analysis of Iridium World could also be used in its relative valuation, which is a method of valuing Iridium World by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Iridium World Commun 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 Iridium World'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 Iridium World's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Pair Trading with Iridium World
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Iridium World position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Iridium World will appreciate offsetting losses from the drop in the long position's value.Moving against Iridium Stock
| 0.6 | CMCSA | Comcast Corp | PairCorr |
| 0.54 | WF | Woori Financial Group | PairCorr |
| 0.39 | KB | KB Financial Group | PairCorr |
| 0.34 | SHG | Shinhan Financial | PairCorr |
| 0.31 | KDDIF | KDDI Corp | PairCorr |
The ability to find closely correlated positions to Iridium World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iridium World when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Iridium World - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Iridium World Communications to buy it.
The correlation of Iridium World is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Iridium World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Iridium World Commun moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Iridium World can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Iridium Stock Analysis
When running Iridium World's price analysis, check to measure Iridium World'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 Iridium World is operating at the current time. Most of Iridium World's value examination focuses on studying past and present price action to predict the probability of Iridium World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iridium World's price. Additionally, you may evaluate how the addition of Iridium World to your portfolios can decrease your overall portfolio volatility.