MagIndustries Corp Stock Forecast - Naive Prediction
| MAAFF Stock | USD 0.0001 0.00 0.00% |
The Naive Prediction forecasted value of MagIndustries Corp on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0 and the sum of the absolute errors of 0. MagIndustries Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of MagIndustries Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
MagIndustries |
MagIndustries Corp Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the MagIndustries Corp's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2000-03-31 | Previous Quarter 343 K | Current Value 922 K | Quarterly Volatility 25.1 M |
MagIndustries Corp Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of MagIndustries Corp on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0, 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 MagIndustries 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 MagIndustries Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
MagIndustries Corp Stock Forecast Pattern
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MagIndustries Corp Forecasted Value
In the context of forecasting MagIndustries Corp'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. MagIndustries Corp's downside and upside margins for the forecasting period are 0.0001 and 0.0001, respectively. We have considered MagIndustries Corp'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 MagIndustries Corp stock data series using in forecasting. Note that when a statistical model is used to represent MagIndustries Corp 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 | 30.385 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for MagIndustries Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MagIndustries 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.Other Forecasting Options for MagIndustries Corp
For every potential investor in MagIndustries, whether a beginner or expert, MagIndustries Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MagIndustries Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MagIndustries. Basic forecasting techniques help filter out the noise by identifying MagIndustries Corp's price trends.MagIndustries Corp 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 MagIndustries Corp stock to make a market-neutral strategy. Peer analysis of MagIndustries Corp could also be used in its relative valuation, which is a method of valuing MagIndustries Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MagIndustries Corp 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 MagIndustries Corp'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 MagIndustries Corp's current price.| Cycle Indicators | ||
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MagIndustries Corp Market Strength Events
Market strength indicators help investors to evaluate how MagIndustries Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MagIndustries Corp shares will generate the highest return on investment. By undertsting and applying MagIndustries Corp stock market strength indicators, traders can identify MagIndustries Corp entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.0E-4 | |||
| Day Typical Price | 1.0E-4 |
Currently Active Assets on Macroaxis
When determining whether MagIndustries Corp is a strong investment it is important to analyze MagIndustries Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MagIndustries Corp's future performance. For an informed investment choice regarding MagIndustries Stock, refer to the following important reports:Check out Historical Fundamental Analysis of MagIndustries Corp to cross-verify your projections. For more detail on how to invest in MagIndustries Stock please use our How to Invest in MagIndustries Corp guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Paper & Forest Products 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 MagIndustries Corp. If investors know MagIndustries 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 MagIndustries Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.003 | Return On Assets (0.06) | Return On Equity (0.35) |
The market value of MagIndustries Corp is measured differently than its book value, which is the value of MagIndustries that is recorded on the company's balance sheet. Investors also form their own opinion of MagIndustries Corp's value that differs from its market value or its book value, called intrinsic value, which is MagIndustries Corp'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 MagIndustries Corp's market value can be influenced by many factors that don't directly affect MagIndustries Corp'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 MagIndustries Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if MagIndustries Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MagIndustries Corp'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.