Nextdecade Corp Stock Forecast - Naive Prediction
| NEXT Stock | USD 7.24 0.05 0.70% |
The Naive Prediction forecasted value of Nextdecade Corp on the next trading day is expected to be 6.80 with a mean absolute deviation of 0.17 and the sum of the absolute errors of 10.71. Nextdecade Stock Forecast is based on your current time horizon.
Nextdecade |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Nextdecade Corp's financial statements to predict how it will affect future prices.
Cash | First Reported 2014-03-31 | Previous Quarter 203.1 M | Current Value 38.2 M | Quarterly Volatility 64.9 M |
Nextdecade Corp Naive Prediction Price Forecast For the 1st of December
Given 90 days horizon, the Naive Prediction forecasted value of Nextdecade Corp on the next trading day is expected to be 6.80 with a mean absolute deviation of 0.17, mean absolute percentage error of 0.06, and the sum of the absolute errors of 10.71.Please note that although there have been many attempts to predict Nextdecade 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 Nextdecade Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nextdecade Corp Stock Forecast Pattern
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Nextdecade Corp Forecasted Value
In the context of forecasting Nextdecade 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. Nextdecade Corp's downside and upside margins for the forecasting period are 3.15 and 10.44, respectively. We have considered Nextdecade 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 Nextdecade Corp stock data series using in forecasting. Note that when a statistical model is used to represent Nextdecade 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 | 117.1009 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1728 |
| MAPE | Mean absolute percentage error | 0.0304 |
| SAE | Sum of the absolute errors | 10.7122 |
Predictive Modules for Nextdecade 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 Nextdecade 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nextdecade Corp'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 Nextdecade Corp
For every potential investor in Nextdecade, whether a beginner or expert, Nextdecade Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nextdecade Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nextdecade. Basic forecasting techniques help filter out the noise by identifying Nextdecade Corp's price trends.View Nextdecade Corp Related Equities
| Risk & Return | Correlation |
Nextdecade 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 Nextdecade 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 Nextdecade Corp's current price.| Cycle Indicators | ||
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Nextdecade Corp Market Strength Events
Market strength indicators help investors to evaluate how Nextdecade 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 Nextdecade Corp shares will generate the highest return on investment. By undertsting and applying Nextdecade Corp stock market strength indicators, traders can identify Nextdecade Corp entry and exit signals to maximize returns.
Nextdecade Corp Risk Indicators
The analysis of Nextdecade Corp'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 Nextdecade Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nextdecade 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 | 2.55 | |||
| Semi Deviation | 2.4 | |||
| Standard Deviation | 3.64 | |||
| Variance | 13.23 | |||
| Downside Variance | 7.93 | |||
| Semi Variance | 5.78 | |||
| Expected Short fall | (3.02) |
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 Tools for Nextdecade Stock Analysis
When running Nextdecade Corp's price analysis, check to measure Nextdecade Corp'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 Nextdecade Corp is operating at the current time. Most of Nextdecade Corp's value examination focuses on studying past and present price action to predict the probability of Nextdecade Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextdecade Corp's price. Additionally, you may evaluate how the addition of Nextdecade Corp to your portfolios can decrease your overall portfolio volatility.