North American Stock Forecast - Simple Exponential Smoothing
| NOA Stock | USD 14.61 0.08 0.54% |
The Simple Exponential Smoothing forecasted value of North American Construction on the next trading day is expected to be 14.61 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.77. North Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast North American stock prices and determine the direction of North American Construction's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of North American's historical fundamentals, such as revenue growth or operating cash flow patterns.
The relative strength index (RSI) of North American's share price is above 70 at this time. This indicates that the stock is becoming overbought or overvalued. The idea behind Relative Strength Index (RSI) is that it helps to track how fast people are buying or selling North, making its price go up or down. Momentum 73
Buy Stretched
Oversold | Overbought |
Quarterly Earnings Growth 0.148 | EPS Estimate Next Quarter 0.71 | EPS Estimate Current Year 1.895 | EPS Estimate Next Year 2.9733 | Wall Street Target Price 29.3064 |
Using North American hype-based prediction, you can estimate the value of North American Construction from the perspective of North American response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards North American using North American's stock options and short interest. It helps to benchmark the overall future attitude of investors towards North using crowd psychology based on the activity and movement of North American's stock price.
North American Short Interest
A significant increase or decrease in North American's short interest from the previous month could be a good indicator of investor sentiment towards North. Short interest can provide insight into the potential direction of North American stock and how bullish or bearish investors feel about the market overall.
200 Day MA 15.0707 | Short Percent 0.0107 | Short Ratio 2.2 | Shares Short Prior Month 767.6 K | 50 Day MA 14.1866 |
North American Const Hype to Price Pattern
Investor biases related to North American's public news can be used to forecast risks associated with an investment in North. The trend in average sentiment can be used to explain how an investor holding North can time the market purely based on public headlines and social activities around North American Construction. 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 North American's market sentiment to its price can help taders to make decisions based on the overall investors consensus about North American.
North American Implied Volatility | 1.16 |
North American's implied volatility exposes the market's sentiment of North American Construction stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if North American'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 North American stock will not fluctuate a lot when North American's options are near their expiration.
The Simple Exponential Smoothing forecasted value of North American Construction on the next trading day is expected to be 14.61 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.77. North American after-hype prediction price | USD 14.6 |
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 North American to cross-verify your projections. Open Interest Against 2026-02-20 North Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast North American'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 North American's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for North American 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 North American's open interest, investors have to compare it to North American'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 North American 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 North. 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.
North American Additional Predictive Modules
Most predictive techniques to examine North price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for North using various technical indicators. When you analyze North 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 |
North American Simple Exponential Smoothing Price Forecast For the 7th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of North American Construction on the next trading day is expected to be 14.61 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.13, and the sum of the absolute errors of 15.77.Please note that although there have been many attempts to predict North 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 North American's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
North American Stock Forecast Pattern
| Backtest North American | North American Price Prediction | Buy or Sell Advice |
North American Forecasted Value
In the context of forecasting North American'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. North American's downside and upside margins for the forecasting period are 11.99 and 17.23, respectively. We have considered North American'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 North American stock data series using in forecasting. Note that when a statistical model is used to represent North American 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 | 116.0923 |
| Bias | Arithmetic mean of the errors | -0.0038 |
| MAD | Mean absolute deviation | 0.2585 |
| MAPE | Mean absolute percentage error | 0.0184 |
| SAE | Sum of the absolute errors | 15.7696 |
Predictive Modules for North American
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as North American Const. 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 North American
For every potential investor in North, whether a beginner or expert, North American's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. North Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in North. Basic forecasting techniques help filter out the noise by identifying North American's price trends.North American 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 North American stock to make a market-neutral strategy. Peer analysis of North American could also be used in its relative valuation, which is a method of valuing North American by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
North American Const 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 North American'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 North American's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
North American Market Strength Events
Market strength indicators help investors to evaluate how North American stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading North American shares will generate the highest return on investment. By undertsting and applying North American stock market strength indicators, traders can identify North American Construction entry and exit signals to maximize returns.
| Accumulation Distribution | 7373.51 | |||
| Daily Balance Of Power | (0.11) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 14.66 | |||
| Day Typical Price | 14.64 | |||
| Price Action Indicator | (0.09) | |||
| Period Momentum Indicator | (0.08) | |||
| Relative Strength Index | 73.97 |
North American Risk Indicators
The analysis of North American'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 North American's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting north 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 | 1.81 | |||
| Semi Deviation | 2.69 | |||
| Standard Deviation | 2.55 | |||
| Variance | 6.52 | |||
| Downside Variance | 7.5 | |||
| Semi Variance | 7.23 | |||
| Expected Short fall | (1.91) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| JBL | Jabil Circuit | |
| MRK | Merck Company | |
| AMGN | Amgen Inc |
Check out Historical Fundamental Analysis of North American to cross-verify your projections. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Oil & Gas Equipment & Services 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 North American. If investors know North 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 North American 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 0.148 | Dividend Share 0.48 | Earnings Share 0.92 | Revenue Per Share | Quarterly Revenue Growth 0.106 |
The market value of North American Const is measured differently than its book value, which is the value of North that is recorded on the company's balance sheet. Investors also form their own opinion of North American's value that differs from its market value or its book value, called intrinsic value, which is North American'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 North American's market value can be influenced by many factors that don't directly affect North American'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 North American's value and its price as these two are different measures arrived at by different means. Investors typically determine if North American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North American'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.