Sitio Royalties Stock Forecast - Simple Regression

Simple Regression model is a single variable regression model that attempts to put a straight line through Sitio Royalties price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Sitio Royalties Simple Regression Price Forecast For the 27th of November

Given 90 days horizon, the Simple Regression forecasted value of Sitio Royalties Corp on the next trading day is expected to be 24.16 with a mean absolute deviation of 0.51, mean absolute percentage error of 0.44, and the sum of the absolute errors of 30.90.

Sitio Royalties Stock Forecast Pattern

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Sitio Royalties Price Prediction

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Sitio Royalties Forecasted Value

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 Sitio Royalties stock data series using in forecasting. Note that when a statistical model is used to represent Sitio Royalties 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. In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Sitio Royalties Corp historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Sitio Royalties

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sitio Royalties 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.

Hype Prediction Low Estimated High 22.02 24.10 26.18 Details

Intrinsic Valuation Low Real High 21.64 27.86 29.94 Details

7 Analysts Consensus Low Target High 29.67 32.60 36.19 Details

Earnings Estimates (0) Low Projected EPS High 0.13 0.15 0.17 Details

Other Forecasting Options for Sitio Royalties

For every potential investor in Sitio, whether a beginner or expert, Sitio Royalties' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sitio Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sitio. Basic forecasting techniques help filter out the noise by identifying Sitio Royalties' price trends.

Sitio Royalties Related Equities

Risk & Return

Correlation

Sitio Royalties Corp 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 Sitio Royalties' 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 Sitio Royalties' current price.

Sitio Royalties Market Strength Events

Sitio Royalties Risk Indicators

Pair Trading with Sitio Royalties

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 Sitio Royalties 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 Sitio Royalties will appreciate offsetting losses from the drop in the long position's value.

Additional Tools for Sitio Stock Analysis