NGL Energy Stock Forecast - Simple Exponential Smoothing
| NGL Stock | USD 10.00 0.03 0.30% |
The Simple Exponential Smoothing forecasted value of NGL Energy Partners on the next trading day is expected to be 10.00 with a mean absolute deviation of 0.21 and the sum of the absolute errors of 12.31. NGL Stock Forecast is based on your current time horizon. Although NGL Energy's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of NGL Energy's systematic risk associated with finding meaningful patterns of NGL Energy fundamentals over time.
As of now the value of relative strength index of NGL Energy's share price is below 20 . This 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 |
Quarterly Earnings Growth (0.60) | EPS Estimate Next Quarter 0.09 | EPS Estimate Current Year 0.43 | EPS Estimate Next Year 0.94 | Wall Street Target Price 5 |
Using NGL Energy hype-based prediction, you can estimate the value of NGL Energy Partners from the perspective of NGL Energy response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards NGL Energy using NGL Energy's stock options and short interest. It helps to benchmark the overall future attitude of investors towards NGL using crowd psychology based on the activity and movement of NGL Energy's stock price.
NGL Energy Short Interest
An investor who is long NGL Energy may also wish to track short interest. As short interest increases, investors should be becoming more worried about NGL Energy and may potentially protect profits, hedge NGL Energy with its derivative instruments, or be ready for some potential downside.
200 Day MA 5.6077 | Short Percent 0.0399 | Short Ratio 12.51 | Shares Short Prior Month 3.9 M | 50 Day MA 8.9384 |
NGL Energy Partners Hype to Price Pattern
Investor biases related to NGL Energy's public news can be used to forecast risks associated with an investment in NGL. The trend in average sentiment can be used to explain how an investor holding NGL can time the market purely based on public headlines and social activities around NGL Energy Partners. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of NGL Energy's market sentiment to its price can help taders to make decisions based on the overall investors consensus about NGL Energy.
NGL Energy Implied Volatility | 0.84 |
NGL Energy's implied volatility exposes the market's sentiment of NGL Energy Partners stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NGL Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NGL Energy stock will not fluctuate a lot when NGL Energy's options are near their expiration.
The Simple Exponential Smoothing forecasted value of NGL Energy Partners on the next trading day is expected to be 10.00 with a mean absolute deviation of 0.21 and the sum of the absolute errors of 12.31. NGL Energy after-hype prediction price | USD 10.0 |
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 NGL Energy to cross-verify your projections. Open Interest Against 2026-02-20 NGL Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast NGL Energy's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in NGL Energy's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for NGL Energy stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current NGL Energy's open interest, investors have to compare it to NGL Energy's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of NGL Energy is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in NGL. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
NGL Energy Additional Predictive Modules
Most predictive techniques to examine NGL price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for NGL using various technical indicators. When you analyze NGL 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
NGL Energy Simple Exponential Smoothing Price Forecast For the 3rd of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of NGL Energy Partners on the next trading day is expected to be 10.00 with a mean absolute deviation of 0.21, mean absolute percentage error of 0.11, and the sum of the absolute errors of 12.31.Please note that although there have been many attempts to predict NGL 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 NGL Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
NGL Energy Stock Forecast Pattern
| Backtest NGL Energy | NGL Energy Price Prediction | Buy or Sell Advice |
NGL Energy Forecasted Value
In the context of forecasting NGL Energy'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. NGL Energy's downside and upside margins for the forecasting period are 5.83 and 14.17, respectively. We have considered NGL Energy'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of NGL Energy stock data series using in forecasting. Note that when a statistical model is used to represent NGL Energy 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 | 114.0544 |
| Bias | Arithmetic mean of the errors | -0.0648 |
| MAD | Mean absolute deviation | 0.2052 |
| MAPE | Mean absolute percentage error | 0.0232 |
| SAE | Sum of the absolute errors | 12.31 |
Predictive Modules for NGL Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NGL Energy Partners. 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 NGL Energy
For every potential investor in NGL, whether a beginner or expert, NGL Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NGL Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NGL. Basic forecasting techniques help filter out the noise by identifying NGL Energy's price trends.NGL Energy 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 NGL Energy stock to make a market-neutral strategy. Peer analysis of NGL Energy could also be used in its relative valuation, which is a method of valuing NGL Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NGL Energy Partners 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 NGL Energy'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 NGL Energy's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
NGL Energy Market Strength Events
Market strength indicators help investors to evaluate how NGL Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NGL Energy shares will generate the highest return on investment. By undertsting and applying NGL Energy stock market strength indicators, traders can identify NGL Energy Partners entry and exit signals to maximize returns.
NGL Energy Risk Indicators
The analysis of NGL Energy'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 NGL Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ngl 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 | 2.42 | |||
| Semi Deviation | 1.6 | |||
| Standard Deviation | 4.09 | |||
| Variance | 16.75 | |||
| Downside Variance | 4.98 | |||
| Semi Variance | 2.55 | |||
| Expected Short fall | (2.86) |
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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Is Oil & Gas Storage & Transportation 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 NGL Energy. If investors know NGL 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 NGL Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.60) | Earnings Share (0.40) | Revenue Per Share | Quarterly Revenue Growth (0.11) | Return On Assets |
The market value of NGL Energy Partners is measured differently than its book value, which is the value of NGL that is recorded on the company's balance sheet. Investors also form their own opinion of NGL Energy's value that differs from its market value or its book value, called intrinsic value, which is NGL Energy'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 NGL Energy's market value can be influenced by many factors that don't directly affect NGL Energy'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 NGL Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NGL Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NGL Energy'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.