Nutrien Stock Forecast - 20 Period Moving Average
| N7T Stock | EUR 43.71 0.53 1.20% |
The 20 Period Moving Average forecasted value of Nutrien on the next trading day is expected to be 44.52 with a mean absolute deviation of 0.97 and the sum of the absolute errors of 39.81. Nutrien Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Nutrien's historical fundamentals, such as revenue growth or operating cash flow patterns.
Nutrien |
Nutrien 20 Period Moving Average Price Forecast For the 3rd of December
Given 90 days horizon, the 20 Period Moving Average forecasted value of Nutrien on the next trading day is expected to be 44.52 with a mean absolute deviation of 0.97, mean absolute percentage error of 1.55, and the sum of the absolute errors of 39.81.Please note that although there have been many attempts to predict Nutrien 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 Nutrien's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nutrien Stock Forecast Pattern
| Backtest Nutrien | Nutrien Price Prediction | Buy or Sell Advice |
Nutrien Forecasted Value
In the context of forecasting Nutrien'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. Nutrien's downside and upside margins for the forecasting period are 42.77 and 46.26, respectively. We have considered Nutrien'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Nutrien stock data series using in forecasting. Note that when a statistical model is used to represent Nutrien 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 | 81.7944 |
| Bias | Arithmetic mean of the errors | -0.2627 |
| MAD | Mean absolute deviation | 0.9711 |
| MAPE | Mean absolute percentage error | 0.0217 |
| SAE | Sum of the absolute errors | 39.815 |
Predictive Modules for Nutrien
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nutrien. 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 Nutrien
For every potential investor in Nutrien, whether a beginner or expert, Nutrien's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nutrien Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nutrien. Basic forecasting techniques help filter out the noise by identifying Nutrien's price trends.Nutrien 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 Nutrien stock to make a market-neutral strategy. Peer analysis of Nutrien could also be used in its relative valuation, which is a method of valuing Nutrien by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nutrien 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 Nutrien'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 Nutrien's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
Nutrien Market Strength Events
Market strength indicators help investors to evaluate how Nutrien stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nutrien shares will generate the highest return on investment. By undertsting and applying Nutrien stock market strength indicators, traders can identify Nutrien entry and exit signals to maximize returns.
Nutrien Risk Indicators
The analysis of Nutrien's 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 Nutrien's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nutrien 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 | 1.38 | |||
| Semi Deviation | 1.74 | |||
| Standard Deviation | 1.75 | |||
| Variance | 3.05 | |||
| Downside Variance | 3.38 | |||
| Semi Variance | 3.03 | |||
| Expected Short fall | (1.38) |
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 Information and Resources on Investing in Nutrien Stock
When determining whether Nutrien is a strong investment it is important to analyze Nutrien'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 Nutrien's future performance. For an informed investment choice regarding Nutrien Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Nutrien to cross-verify your projections. For more detail on how to invest in Nutrien Stock please use our How to Invest in Nutrien guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.