ShaMaran Petroleum Stock Forecast - Simple Moving Average
| SNM Stock | SEK 1.57 0.03 1.88% |
The Simple Moving Average forecasted value of ShaMaran Petroleum Corp on the next trading day is expected to be 1.65 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.43. ShaMaran Stock Forecast is based on your current time horizon.
At this time, the value of RSI of ShaMaran Petroleum's share price is approaching 48. This usually implies 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 ShaMaran Petroleum, making its price go up or down. Momentum 48
Impartial
Oversold | Overbought |
Using ShaMaran Petroleum hype-based prediction, you can estimate the value of ShaMaran Petroleum Corp from the perspective of ShaMaran Petroleum response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of ShaMaran Petroleum Corp on the next trading day is expected to be 1.65 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.43. ShaMaran Petroleum after-hype prediction price | SEK 1.57 |
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.
ShaMaran |
ShaMaran Petroleum Additional Predictive Modules
Most predictive techniques to examine ShaMaran price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for ShaMaran using various technical indicators. When you analyze ShaMaran 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 | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volatility Indicators | ||
| Volume Indicators |
ShaMaran Petroleum Simple Moving Average Price Forecast For the 23rd of January
Given 90 days horizon, the Simple Moving Average forecasted value of ShaMaran Petroleum Corp on the next trading day is expected to be 1.57 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.60.Please note that although there have been many attempts to predict ShaMaran 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 ShaMaran Petroleum's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ShaMaran Petroleum Stock Forecast Pattern
| Backtest ShaMaran Petroleum | ShaMaran Petroleum Price Prediction | Buy or Sell Advice |
ShaMaran Petroleum Forecasted Value
In the context of forecasting ShaMaran Petroleum'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. ShaMaran Petroleum's downside and upside margins for the forecasting period are 0.02 and 3.54, respectively. We have considered ShaMaran Petroleum'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 Moving Average forecasting method's relative quality and the estimations of the prediction error of ShaMaran Petroleum stock data series using in forecasting. Note that when a statistical model is used to represent ShaMaran Petroleum 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 | 107.861 |
| Bias | Arithmetic mean of the errors | -2.0E-4 |
| MAD | Mean absolute deviation | 0.0271 |
| MAPE | Mean absolute percentage error | 0.0166 |
| SAE | Sum of the absolute errors | 1.6 |
Predictive Modules for ShaMaran Petroleum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ShaMaran Petroleum Corp. 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.ShaMaran Petroleum After-Hype Price Prediction Density Analysis
As far as predicting the price of ShaMaran Petroleum 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 ShaMaran Petroleum 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 ShaMaran Petroleum, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
ShaMaran Petroleum Estimiated After-Hype Price Volatility
In the context of predicting ShaMaran Petroleum's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on ShaMaran Petroleum's historical news coverage. ShaMaran Petroleum's after-hype downside and upside margins for the prediction period are 0.08 and 3.54, respectively. We have considered ShaMaran Petroleum'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 outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
ShaMaran Petroleum is risky at this time. Analysis and calculation of next after-hype price of ShaMaran Petroleum Corp is based on 3 months time horizon.
ShaMaran Petroleum Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as ShaMaran Petroleum is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading ShaMaran Petroleum 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 ShaMaran Petroleum, 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 |
0.04 | 1.97 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
1.57 | 1.57 | 0.00 |
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ShaMaran Petroleum Hype Timeline
ShaMaran Petroleum Corp is at this time traded for 1.57on Stockholm Exchange of Sweden. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. ShaMaran is expected 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 expected to be very small, whereas the daily expected return is at this time at -0.04%. %. The volatility of related hype on ShaMaran Petroleum is about 0.0%, with the expected price after the next announcement by competition of 1.57. About 27.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.27. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. ShaMaran Petroleum Corp has Price/Earnings (P/E) ratio of 594.0. The entity had not issued any dividends in recent years. The firm had 100:93 split on the 12th of April 2022. Assuming the 90 days trading horizon the next expected press release will be within a week. Check out Historical Fundamental Analysis of ShaMaran Petroleum to cross-verify your projections.ShaMaran Petroleum Related Hype Analysis
Having access to credible news sources related to ShaMaran Petroleum's direct competition is more important than ever and may enhance your ability to predict ShaMaran Petroleum's future price movements. Getting to know how ShaMaran Petroleum'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 ShaMaran Petroleum may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| REDS | Redsense Medical AB | 0.00 | 0 per month | 3.85 | 0.0003 | 8.57 | (7.16) | 21.62 | |
| OBAB | Online Brands Nordic | 0.00 | 0 per month | 2.65 | 0.11 | 7.90 | (4.91) | 22.61 | |
| IVSO | Invisio Communications AB | 0.00 | 0 per month | 0.00 | (0.16) | 5.06 | (3.69) | 10.58 | |
| G2M | Gentoo Media | 0.00 | 0 per month | 0.00 | (0.04) | 5.70 | (6.54) | 17.63 | |
| ASKER | Asker Healthcare | 0.00 | 0 per month | 0.00 | (0.13) | 2.87 | (3.37) | 8.60 | |
| HAV-B | Havsfrun Investment AB | 0.00 | 0 per month | 0.00 | (0.19) | 3.60 | (3.70) | 9.68 |
Other Forecasting Options for ShaMaran Petroleum
For every potential investor in ShaMaran, whether a beginner or expert, ShaMaran Petroleum's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ShaMaran Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ShaMaran. Basic forecasting techniques help filter out the noise by identifying ShaMaran Petroleum's price trends.ShaMaran Petroleum 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 ShaMaran Petroleum stock to make a market-neutral strategy. Peer analysis of ShaMaran Petroleum could also be used in its relative valuation, which is a method of valuing ShaMaran Petroleum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ShaMaran Petroleum Market Strength Events
Market strength indicators help investors to evaluate how ShaMaran Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ShaMaran Petroleum shares will generate the highest return on investment. By undertsting and applying ShaMaran Petroleum stock market strength indicators, traders can identify ShaMaran Petroleum Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 23631.85 | |||
| Daily Balance Of Power | (1.50) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 1.56 | |||
| Day Typical Price | 1.56 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.03) | |||
| Relative Strength Index | 48.42 |
ShaMaran Petroleum Risk Indicators
The analysis of ShaMaran Petroleum'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 ShaMaran Petroleum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shamaran 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 | 1.37 | |||
| Standard Deviation | 1.97 | |||
| Variance | 3.9 |
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 ShaMaran Petroleum
The number of cover stories for ShaMaran Petroleum depends on current market conditions and ShaMaran Petroleum's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that ShaMaran Petroleum 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 ShaMaran Petroleum's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Tools for ShaMaran Stock Analysis
When running ShaMaran Petroleum's price analysis, check to measure ShaMaran Petroleum'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 ShaMaran Petroleum is operating at the current time. Most of ShaMaran Petroleum's value examination focuses on studying past and present price action to predict the probability of ShaMaran Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ShaMaran Petroleum's price. Additionally, you may evaluate how the addition of ShaMaran Petroleum to your portfolios can decrease your overall portfolio volatility.