Magellan Aerospace Pink Sheet Forecast - Naive Prediction

Magellan Aerospace Additional Predictive Modules

Most predictive techniques to examine Magellan price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Magellan using various technical indicators. When you analyze Magellan 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. A naive forecasting model for Magellan Aerospace is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Magellan Aerospace value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Magellan Aerospace Naive Prediction Price Forecast For the 24th of January

Given 90 days horizon, the Naive Prediction forecasted value of Magellan Aerospace on the next trading day is expected to be 18.10 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.12, and the sum of the absolute errors of 17.27.

Magellan Aerospace Pink Sheet Forecast Pattern

Backtest Magellan Aerospace

Magellan Aerospace Price Prediction

Buy or Sell Advice

Magellan Aerospace Forecasted Value

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 Magellan Aerospace pink sheet data series using in forecasting. Note that when a statistical model is used to represent Magellan Aerospace pink sheet, 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. This model is not at all useful as a medium-long range forecasting tool of Magellan Aerospace. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Magellan Aerospace. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Magellan Aerospace

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Magellan Aerospace. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.

Hype Prediction Low Estimated High 14.74 17.04 19.34 Details

Intrinsic Valuation Low Real High 16.18 18.48 20.78 Details

Bollinger Band Projection (param) Low Middle High 12.02 14.45 16.89 Details

Magellan Aerospace After-Hype Price Prediction Density Analysis

Magellan Aerospace Estimiated After-Hype Price Volatility

Magellan Aerospace Pink Sheet Price Prediction Analysis

Magellan Aerospace Hype Timeline

Magellan Aerospace is now traded for 17.04. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -3.53. Magellan is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is now at 0.52%. %. The volatility of related hype on Magellan Aerospace is about 31.35%, with the expected price after the next announcement by competition of 13.51. About 79.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.57. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Magellan Aerospace has Price/Earnings (P/E) ratio of 116.3. The entity recorded a loss per share of 0.09. The firm last dividend was issued on the 14th of December 2022. Magellan Aerospace had 1:5 split on the 26th of May 2008. Assuming the 90 days horizon the next forecasted press release will be uncertain. Check out Historical Fundamental Analysis of Magellan Aerospace to cross-verify your projections.

Magellan Aerospace Related Hype Analysis

Other Forecasting Options for Magellan Aerospace

For every potential investor in Magellan, whether a beginner or expert, Magellan Aerospace's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Magellan Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Magellan. Basic forecasting techniques help filter out the noise by identifying Magellan Aerospace's price trends.

Magellan Aerospace Related Equities

Risk & Return

Correlation

Magellan Aerospace Market Strength Events

Magellan Aerospace Risk Indicators

Story Coverage note for Magellan Aerospace

Other Macroaxis Stories

Other Information on Investing in Magellan Pink Sheet