Sovereign Lithium Stock Forecast - Simple Regression
| SLCO Stock | USD 0.0001 0.00 0.00% |
The Simple Regression forecasted value of Sovereign Lithium on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0 and the sum of the absolute errors of 0. Sovereign Stock Forecast is based on your current time horizon. Although Sovereign Lithium's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Sovereign Lithium's systematic risk associated with finding meaningful patterns of Sovereign Lithium fundamentals over time.
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Sovereign Lithium Simple Regression Price Forecast For the 28th of December
Given 90 days horizon, the Simple Regression forecasted value of Sovereign Lithium on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0, mean absolute percentage error of 0, and the sum of the absolute errors of 0.Please note that although there have been many attempts to predict Sovereign 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 Sovereign Lithium's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sovereign Lithium Stock Forecast Pattern
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Sovereign Lithium Forecasted Value
In the context of forecasting Sovereign Lithium'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. Sovereign Lithium's downside and upside margins for the forecasting period are 0.0001 and 0.0001, respectively. We have considered Sovereign Lithium'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 Regression forecasting method's relative quality and the estimations of the prediction error of Sovereign Lithium stock data series using in forecasting. Note that when a statistical model is used to represent Sovereign Lithium 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 | 30.3989 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Sovereign Lithium
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sovereign Lithium. 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 Sovereign Lithium'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 Sovereign Lithium
For every potential investor in Sovereign, whether a beginner or expert, Sovereign Lithium's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sovereign Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sovereign. Basic forecasting techniques help filter out the noise by identifying Sovereign Lithium's price trends.Sovereign Lithium 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 Sovereign Lithium stock to make a market-neutral strategy. Peer analysis of Sovereign Lithium could also be used in its relative valuation, which is a method of valuing Sovereign Lithium by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sovereign Lithium 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 Sovereign Lithium'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 Sovereign Lithium's current price.| Cycle Indicators | ||
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| Math Transform | ||
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Sovereign Lithium Market Strength Events
Market strength indicators help investors to evaluate how Sovereign Lithium stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sovereign Lithium shares will generate the highest return on investment. By undertsting and applying Sovereign Lithium stock market strength indicators, traders can identify Sovereign Lithium entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.0E-4 | |||
| Day Typical Price | 1.0E-4 |
Pair Trading with Sovereign Lithium
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 Sovereign Lithium 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 Sovereign Lithium will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sovereign Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sovereign Lithium 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 Sovereign Lithium - 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 Sovereign Lithium to buy it.
The correlation of Sovereign Lithium 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 Sovereign Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sovereign Lithium 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 Sovereign Lithium 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 Sovereign Lithium to cross-verify your projections. To learn how to invest in Sovereign Stock, please use our How to Invest in Sovereign Lithium guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Diversified Metals & Mining 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 Sovereign Lithium. If investors know Sovereign 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 Sovereign Lithium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Sovereign Lithium is measured differently than its book value, which is the value of Sovereign that is recorded on the company's balance sheet. Investors also form their own opinion of Sovereign Lithium's value that differs from its market value or its book value, called intrinsic value, which is Sovereign Lithium'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 Sovereign Lithium's market value can be influenced by many factors that don't directly affect Sovereign Lithium'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 Sovereign Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sovereign Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sovereign Lithium'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.