Sisecam Resources Stock Forecast - Naive Prediction
| SIREDelisted Stock | USD 25.33 0.00 0.00% |
The Naive Prediction forecasted value of Sisecam Resources LP on the next trading day is expected to be 25.51 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 2.12. Sisecam Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sisecam Resources stock prices and determine the direction of Sisecam Resources LP's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Sisecam Resources' historical fundamentals, such as revenue growth or operating cash flow patterns.
Sisecam |
Sisecam Resources Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of Sisecam Resources LP on the next trading day is expected to be 25.51 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 2.12.Please note that although there have been many attempts to predict Sisecam 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 Sisecam Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sisecam Resources Stock Forecast Pattern
| Backtest Sisecam Resources | Sisecam Resources Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Sisecam Resources stock data series using in forecasting. Note that when a statistical model is used to represent Sisecam Resources 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 | 112.0323 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0348 |
| MAPE | Mean absolute percentage error | 0.0014 |
| SAE | Sum of the absolute errors | 2.1212 |
Predictive Modules for Sisecam Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sisecam Resources. 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.Sisecam Resources 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 Sisecam Resources stock to make a market-neutral strategy. Peer analysis of Sisecam Resources could also be used in its relative valuation, which is a method of valuing Sisecam Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sisecam Resources Market Strength Events
Market strength indicators help investors to evaluate how Sisecam Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sisecam Resources shares will generate the highest return on investment. By undertsting and applying Sisecam Resources stock market strength indicators, traders can identify Sisecam Resources LP entry and exit signals to maximize returns.
Sisecam Resources Risk Indicators
The analysis of Sisecam Resources' 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 Sisecam Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sisecam 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 | 0.1147 | |||
| Standard Deviation | 0.1886 | |||
| Variance | 0.0356 | |||
| Downside Variance | 0.0201 | |||
| Semi Variance | (0.03) | |||
| Expected Short fall | (0.16) |
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.Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Other Consideration for investing in Sisecam Stock
If you are still planning to invest in Sisecam Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sisecam Resources' history and understand the potential risks before investing.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |