N2OFF Stock Forecast - 20 Period Moving Average
| NITO Stock | 0.21 0.01 5.00% |
The 20 Period Moving Average forecasted value of N2OFF Inc on the next trading day is expected to be 0.23 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.19. N2OFF Stock Forecast is based on your current time horizon. Although N2OFF's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of N2OFF's systematic risk associated with finding meaningful patterns of N2OFF fundamentals over time.
N2OFF |
N2OFF 20 Period Moving Average Price Forecast For the 26th of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of N2OFF Inc on the next trading day is expected to be 0.23 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.19.Please note that although there have been many attempts to predict N2OFF 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 N2OFF's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
N2OFF Stock Forecast Pattern
| Backtest N2OFF | N2OFF Price Prediction | Buy or Sell Advice |
N2OFF Forecasted Value
In the context of forecasting N2OFF'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. N2OFF's downside and upside margins for the forecasting period are 0 and 7.64, respectively. We have considered N2OFF'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 N2OFF stock data series using in forecasting. Note that when a statistical model is used to represent N2OFF 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 | 74.4557 |
| Bias | Arithmetic mean of the errors | 0.0167 |
| MAD | Mean absolute deviation | 0.029 |
| MAPE | Mean absolute percentage error | 0.1235 |
| SAE | Sum of the absolute errors | 1.188 |
Predictive Modules for N2OFF
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as N2OFF Inc. 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 N2OFF'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 N2OFF
For every potential investor in N2OFF, whether a beginner or expert, N2OFF's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. N2OFF Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in N2OFF. Basic forecasting techniques help filter out the noise by identifying N2OFF's price trends.N2OFF 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 N2OFF stock to make a market-neutral strategy. Peer analysis of N2OFF could also be used in its relative valuation, which is a method of valuing N2OFF by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
N2OFF Inc 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 N2OFF'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 N2OFF's current price.| Cycle Indicators | ||
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| Volume Indicators |
N2OFF Market Strength Events
Market strength indicators help investors to evaluate how N2OFF stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading N2OFF shares will generate the highest return on investment. By undertsting and applying N2OFF stock market strength indicators, traders can identify N2OFF Inc entry and exit signals to maximize returns.
N2OFF Risk Indicators
The analysis of N2OFF'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 N2OFF's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting n2off 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 | 5.69 | |||
| Standard Deviation | 8.04 | |||
| Variance | 64.68 |
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.
Pair Trading with N2OFF
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if N2OFF position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in N2OFF will appreciate offsetting losses from the drop in the long position's value.Moving against N2OFF Stock
| 0.78 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | CF | CF Industries Holdings | PairCorr |
| 0.58 | IE | Ivanhoe Electric | PairCorr |
| 0.56 | MHGVY | Mowi ASA ADR | PairCorr |
| 0.56 | CC | Chemours | PairCorr |
The ability to find closely correlated positions to N2OFF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace N2OFF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back N2OFF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling N2OFF Inc to buy it.
The correlation of N2OFF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as N2OFF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if N2OFF Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for N2OFF can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of N2OFF to cross-verify your projections. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Fertilizers & Agricultural Chemicals 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 N2OFF. If investors know N2OFF 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 N2OFF listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.12) | Revenue Per Share 0.07 | Quarterly Revenue Growth (0.55) | Return On Assets (0.47) | Return On Equity (1.13) |
The market value of N2OFF Inc is measured differently than its book value, which is the value of N2OFF that is recorded on the company's balance sheet. Investors also form their own opinion of N2OFF's value that differs from its market value or its book value, called intrinsic value, which is N2OFF'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 N2OFF's market value can be influenced by many factors that don't directly affect N2OFF'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 N2OFF's value and its price as these two are different measures arrived at by different means. Investors typically determine if N2OFF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, N2OFF'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.