Northam Platinum Stock Forward View - Simple Exponential Smoothing
| NPH Stock | 38,700 1,693 4.57% |
Northam Stock outlook is based on your current time horizon. Investors can use this forecasting interface to forecast Northam Platinum stock prices and determine the direction of Northam Platinum Holdings's future trends based on various well-known forecasting models. We suggest always using this module together with an analysis of Northam Platinum's historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time, the value of RSI of Northam Platinum's share price is approaching 45. This indicates that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Northam Platinum, making its price go up or down. Momentum 45
Impartial
Oversold | Overbought |
Using Northam Platinum hype-based prediction, you can estimate the value of Northam Platinum Holdings from the perspective of Northam Platinum response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Northam Platinum Holdings on the next trading day is expected to be 38,700 with a mean absolute deviation of 1,067 and the sum of the absolute errors of 64,016. Northam Platinum after-hype prediction price | ZAC 38700.0 |
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.
Northam |
Northam Platinum Additional Predictive Modules
Most predictive techniques to examine Northam price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Northam using various technical indicators. When you analyze Northam 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 |
Northam Platinum Simple Exponential Smoothing Price Forecast For the 23rd of February
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Northam Platinum Holdings on the next trading day is expected to be 38,700 with a mean absolute deviation of 1,067, mean absolute percentage error of 2,154,001, and the sum of the absolute errors of 64,016.Please note that although there have been many attempts to predict Northam Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Northam Platinum's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Northam Platinum Stock Forecast Pattern
| Backtest Northam Platinum | Northam Platinum Price Prediction | Research Analysis |
Northam Platinum Forecasted Value
In the context of forecasting Northam Platinum'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. Northam Platinum's downside and upside margins for the forecasting period are 38,696 and 38,704, respectively. We have considered Northam Platinum'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 Northam Platinum stock data series using in forecasting. Note that when a statistical model is used to represent Northam Platinum 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 | 130.8555 |
| Bias | Arithmetic mean of the errors | -181.5333 |
| MAD | Mean absolute deviation | 1066.9333 |
| MAPE | Mean absolute percentage error | 0.0295 |
| SAE | Sum of the absolute errors | 64016.0 |
Predictive Modules for Northam Platinum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Northam Platinum Holdings. 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.Northam Platinum After-Hype Price Density Analysis
As far as predicting the price of Northam Platinum at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Northam Platinum or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Northam Platinum, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Northam Platinum Estimiated After-Hype Price Volatility
In the context of predicting Northam Platinum's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Northam Platinum's historical news coverage. Northam Platinum's after-hype downside and upside margins for the prediction period are 38,696 and 38,704, respectively. We have considered Northam Platinum's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Northam Platinum is very steady at this time. Analysis and calculation of next after-hype price of Northam Platinum Holdings is based on 3 months time horizon.
Northam Platinum Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Northam Platinum is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Northam Platinum backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Northam Platinum, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.59 | 3.78 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Uncertain |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
38,700 | 38,700 | 0.00 |
|
Northam Platinum Hype Timeline
Northam Platinum Holdings is now traded for 38,700on Johannesburg Exchange of South Africa. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Northam is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is now at 0.59%. %. The volatility of related hype on Northam Platinum is about 0.0%, with the expected price after the next announcement by competition of 38,700. About 67.0% of the company shares are owned by institutional investors. The book value of Northam Platinum was now reported as 76.19. The company recorded earning per share (EPS) of 25.46. Northam Platinum Holdings had not issued any dividends in recent years. Assuming the 90 days trading horizon the next forecasted press release will be uncertain. Check out Historical Fundamental Analysis of Northam Platinum to cross-verify your projections.Northam Platinum Related Hype Analysis
Having access to credible news sources related to Northam Platinum's direct competition is more important than ever and may enhance your ability to predict Northam Platinum's future price movements. Getting to know how Northam Platinum's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Northam Platinum may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| RCL | RCL Foods | 0.00 | 0 per month | 0.00 | (0.07) | 3.29 | (4.40) | 15.49 | |
| PHP | Primary Health Prop | 0.00 | 0 per month | 2.38 | 0.03 | 4.60 | (3.85) | 14.79 | |
| MDI | Master Drilling Group | 0.00 | 0 per month | 3.09 | 0.04 | 6.57 | (6.13) | 21.53 | |
| DTC | Datatec | 0.00 | 0 per month | 0.00 | (0.09) | 1.66 | (1.75) | 4.50 | |
| BLU | Blue Label Telecoms | 0.00 | 0 per month | 0.00 | (0.12) | 3.52 | (5.34) | 10.95 | |
| ANI | Afine Investments | 0.00 | 0 per month | 0.00 | (0.09) | 7.73 | (0.41) | 101.24 | |
| HCI | Hosken Consolidated Investments | 0.00 | 0 per month | 1.72 | 0.12 | 5.60 | (3.60) | 11.93 | |
| BOX | Boxer Retail | 0.00 | 0 per month | 0.00 | (0.07) | 2.12 | (3.10) | 6.04 |
Other Forecasting Options for Northam Platinum
For every potential investor in Northam, whether a beginner or expert, Northam Platinum's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Northam Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Northam. Basic forecasting techniques help filter out the noise by identifying Northam Platinum's price trends.Northam Platinum 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 Northam Platinum stock to make a market-neutral strategy. Peer analysis of Northam Platinum could also be used in its relative valuation, which is a method of valuing Northam Platinum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Northam Platinum Market Strength Events
Market strength indicators help investors to evaluate how Northam Platinum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northam Platinum shares will generate the highest return on investment. By undertsting and applying Northam Platinum stock market strength indicators, traders can identify Northam Platinum Holdings entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0481 | |||
| Daily Balance Of Power | 0.9049 | |||
| Rate Of Daily Change | 1.05 | |||
| Day Median Price | 37939.5 | |||
| Day Typical Price | 38193.0 | |||
| Market Facilitation Index | 1871.0 | |||
| Price Action Indicator | 1607.0 | |||
| Period Momentum Indicator | 1693.0 | |||
| Relative Strength Index | 45.88 |
Northam Platinum Risk Indicators
The analysis of Northam Platinum'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 Northam Platinum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting northam 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 | 2.85 | |||
| Semi Deviation | 3.83 | |||
| Standard Deviation | 3.77 | |||
| Variance | 14.18 | |||
| Downside Variance | 18.89 | |||
| Semi Variance | 14.66 | |||
| Expected Short fall | (3.01) |
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.
Story Coverage note for Northam Platinum
The number of cover stories for Northam Platinum depends on current market conditions and Northam Platinum's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Northam Platinum is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Northam Platinum's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Other Macroaxis Stories
Our audience includes start-ups and big corporations as well as marketing, public relation firms, and advertising agencies, including technology and finance journalists. Our platform and its news and story outlet are popular among finance students, amateur traders, self-guided investors, entrepreneurs, retirees and baby boomers, academic researchers, financial advisers, as well as professional money managers - a very diverse and influential demographic landscape united by one goal - build optimal investment portfolios
Story Categories
Currently Trending Categories
Northam Platinum Short Properties
Northam Platinum's future price predictability will typically decrease when Northam Platinum's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Northam Platinum Holdings often depends not only on the future outlook of the potential Northam Platinum's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Northam Platinum's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 395.3 M | |
| Cash And Short Term Investments | 926.1 M |
Other Information on Investing in Northam Stock
Northam Platinum financial ratios help investors to determine whether Northam Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Northam with respect to the benefits of owning Northam Platinum security.