QORIA Stock Forecast - Simple Exponential Smoothing
| QOR Stock | 0.59 0.01 1.67% |
The Simple Exponential Smoothing forecasted value of QORIA on the next trading day is expected to be 0.59 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.87. QORIA Stock Forecast is based on your current time horizon.
At this time the relative strength indicator of QORIA's share price is below 20 indicating 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 |
EPS Estimate Current Year (0.01) | EPS Estimate Next Year 0.0036 | Wall Street Target Price 0.8971 | Quarterly Revenue Growth 0.217 |
Using QORIA hype-based prediction, you can estimate the value of QORIA from the perspective of QORIA response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of QORIA on the next trading day is expected to be 0.59 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.87. QORIA after-hype prediction price | AUD 0.59 |
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.
QORIA |
QORIA Additional Predictive Modules
Most predictive techniques to examine QORIA price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for QORIA using various technical indicators. When you analyze QORIA 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 |
QORIA Simple Exponential Smoothing Price Forecast For the 3rd of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of QORIA on the next trading day is expected to be 0.59 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0004, and the sum of the absolute errors of 0.87.Please note that although there have been many attempts to predict QORIA 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 QORIA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
QORIA Stock Forecast Pattern
| Backtest QORIA | QORIA Price Prediction | Buy or Sell Advice |
QORIA Forecasted Value
In the context of forecasting QORIA'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. QORIA's downside and upside margins for the forecasting period are 0.01 and 3.46, respectively. We have considered QORIA'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 QORIA stock data series using in forecasting. Note that when a statistical model is used to represent QORIA 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 | 108.4444 |
| Bias | Arithmetic mean of the errors | 0.0052 |
| MAD | Mean absolute deviation | 0.0145 |
| MAPE | Mean absolute percentage error | 0.0218 |
| SAE | Sum of the absolute errors | 0.87 |
Predictive Modules for QORIA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as QORIA. 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 QORIA
For every potential investor in QORIA, whether a beginner or expert, QORIA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. QORIA Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in QORIA. Basic forecasting techniques help filter out the noise by identifying QORIA's price trends.QORIA 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 QORIA stock to make a market-neutral strategy. Peer analysis of QORIA could also be used in its relative valuation, which is a method of valuing QORIA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
QORIA 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 QORIA'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 QORIA's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
QORIA Market Strength Events
Market strength indicators help investors to evaluate how QORIA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading QORIA shares will generate the highest return on investment. By undertsting and applying QORIA stock market strength indicators, traders can identify QORIA entry and exit signals to maximize returns.
| Accumulation Distribution | 0.05 | |||
| Daily Balance Of Power | (0.33) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 0.59 | |||
| Day Typical Price | 0.59 | |||
| Market Facilitation Index | 0.03 | |||
| Period Momentum Indicator | (0.01) |
QORIA Risk Indicators
The analysis of QORIA'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 QORIA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting qoria 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 | 2.36 | |||
| Standard Deviation | 3.23 | |||
| Variance | 10.45 |
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 QORIA Stock Analysis
When running QORIA's price analysis, check to measure QORIA'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 QORIA is operating at the current time. Most of QORIA's value examination focuses on studying past and present price action to predict the probability of QORIA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move QORIA's price. Additionally, you may evaluate how the addition of QORIA to your portfolios can decrease your overall portfolio volatility.