Omv Petrom Stock Forward View - 8 Period Moving Average
| SNP Stock | 1.04 0.03 2.97% |
Omv Stock outlook is based on your current time horizon.
As of today, the value of RSI of Omv Petrom's share price is approaching 43. 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 Omv Petrom, making its price go up or down. Momentum 43
Sell Extended
Oversold | Overbought |
Using Omv Petrom hype-based prediction, you can estimate the value of Omv Petrom SA from the perspective of Omv Petrom response to recently generated media hype and the effects of current headlines on its competitors.
The 8 Period Moving Average forecasted value of Omv Petrom SA on the next trading day is expected to be 1.02 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.20. Omv Petrom after-hype prediction price | RON 1.04 |
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.
Omv |
Omv Petrom Additional Predictive Modules
Most predictive techniques to examine Omv price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Omv using various technical indicators. When you analyze Omv 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 |
Omv Petrom 8 Period Moving Average Price Forecast For the 21st of February
Given 90 days horizon, the 8 Period Moving Average forecasted value of Omv Petrom SA on the next trading day is expected to be 1.02 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0007, and the sum of the absolute errors of 1.20.Please note that although there have been many attempts to predict Omv 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 Omv Petrom's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Omv Petrom Stock Forecast Pattern
Omv Petrom Forecasted Value
In the context of forecasting Omv Petrom'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. Omv Petrom's downside and upside margins for the forecasting period are 0.01 and 2.17, respectively. We have considered Omv Petrom'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Omv Petrom stock data series using in forecasting. Note that when a statistical model is used to represent Omv Petrom 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 | 97.9331 |
| Bias | Arithmetic mean of the errors | -0.0072 |
| MAD | Mean absolute deviation | 0.0222 |
| MAPE | Mean absolute percentage error | 0.0221 |
| SAE | Sum of the absolute errors | 1.1988 |
Predictive Modules for Omv Petrom
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Omv Petrom SA. 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.Omv Petrom Estimiated After-Hype Price Volatility
As far as predicting the price of Omv Petrom 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 Omv Petrom 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 Omv Petrom, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Omv Petrom Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Omv Petrom is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Omv Petrom 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 Omv Petrom, 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 |
0.21 | 1.15 | 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 | |
1.04 | 1.04 | 0.00 |
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Omv Petrom Hype Timeline
Omv Petrom SA is at this time traded for 1.04on Bucharest Stock Exchange of Romania. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Omv is projected 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 projected to be very small, whereas the daily expected return is at this time at 0.21%. %. The volatility of related hype on Omv Petrom is about 0.0%, with the expected price after the next announcement by competition of 1.04. The company had not issued any dividends in recent years. Assuming the 90 days trading horizon the next projected press release will be within a week. Check out fundamental analysis of Omv Petrom to check your projections.Omv Petrom Related Hype Analysis
Having access to credible news sources related to Omv Petrom's direct competition is more important than ever and may enhance your ability to predict Omv Petrom's future price movements. Getting to know how Omv Petrom'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 Omv Petrom may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| IPRU | Iproeb SA | 0.00 | 0 per month | 1.12 | 0.01 | 3.01 | (2.19) | 8.41 | |
| TUFE | Turism Felix B | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| TVBETETF | Fondul Deschis De | 0.00 | 0 per month | 0.73 | 0.29 | 1.98 | (1.74) | 5.28 | |
| NRF | Norofert SA | 0.00 | 0 per month | 0.00 | (0.12) | 4.08 | (4.01) | 11.13 |
Other Forecasting Options for Omv Petrom
For every potential investor in Omv, whether a beginner or expert, Omv Petrom's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Omv Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Omv. Basic forecasting techniques help filter out the noise by identifying Omv Petrom's price trends.Omv Petrom 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 Omv Petrom stock to make a market-neutral strategy. Peer analysis of Omv Petrom could also be used in its relative valuation, which is a method of valuing Omv Petrom by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Omv Petrom Market Strength Events
Market strength indicators help investors to evaluate how Omv Petrom stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Omv Petrom shares will generate the highest return on investment. By undertsting and applying Omv Petrom stock market strength indicators, traders can identify Omv Petrom SA entry and exit signals to maximize returns.
Omv Petrom Risk Indicators
The analysis of Omv Petrom'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 Omv Petrom's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting omv 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 | 0.8454 | |||
| Semi Deviation | 0.9055 | |||
| Standard Deviation | 1.2 | |||
| Variance | 1.43 | |||
| Downside Variance | 3.53 | |||
| Semi Variance | 0.8199 | |||
| Expected Short fall | (1.43) |
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 Omv Petrom
The number of cover stories for Omv Petrom depends on current market conditions and Omv Petrom's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Omv Petrom 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 Omv Petrom'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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Other Information on Investing in Omv Stock
Omv Petrom financial ratios help investors to determine whether Omv 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 Omv with respect to the benefits of owning Omv Petrom security.