Ophir Resources Stock Forecast - Naive Prediction
| SUFF Stock | USD 0.0002 0.00 0.00% |
The Naive Prediction forecasted value of Ophir Resources Co on the next trading day is expected to be 0.0002 with a mean absolute deviation of 0 and the sum of the absolute errors of 0. Ophir Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Ophir Resources' historical fundamentals, such as revenue growth or operating cash flow patterns.
Ophir |
Ophir Resources Naive Prediction Price Forecast For the 29th of November
Given 90 days horizon, the Naive Prediction forecasted value of Ophir Resources Co on the next trading day is expected to be 0.0002 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 Ophir 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 Ophir Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ophir Resources Stock Forecast Pattern
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Ophir Resources Forecasted Value
In the context of forecasting Ophir Resources' 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. Ophir Resources' downside and upside margins for the forecasting period are 0.0002 and 0.0002, respectively. We have considered Ophir Resources' 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Ophir Resources stock data series using in forecasting. Note that when a statistical model is used to represent Ophir 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 | 31.7713 |
| 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 Ophir 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 Ophir 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.Other Forecasting Options for Ophir Resources
For every potential investor in Ophir, whether a beginner or expert, Ophir Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ophir Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ophir. Basic forecasting techniques help filter out the noise by identifying Ophir Resources' price trends.Ophir 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 Ophir Resources stock to make a market-neutral strategy. Peer analysis of Ophir Resources could also be used in its relative valuation, which is a method of valuing Ophir Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ophir Resources 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 Ophir Resources' 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 Ophir Resources' current price.| Cycle Indicators | ||
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Ophir Resources Market Strength Events
Market strength indicators help investors to evaluate how Ophir 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 Ophir Resources shares will generate the highest return on investment. By undertsting and applying Ophir Resources stock market strength indicators, traders can identify Ophir Resources Co entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 2.0E-4 | |||
| Day Typical Price | 2.0E-4 |
Currently Active Assets on Macroaxis
When determining whether Ophir Resources is a strong investment it is important to analyze Ophir Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ophir Resources' future performance. For an informed investment choice regarding Ophir Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Ophir Resources to cross-verify your projections. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Apparel, Accessories & Luxury Goods 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 Ophir Resources. If investors know Ophir 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 Ophir Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.526 | Return On Assets (0) | Return On Equity (0) |
The market value of Ophir Resources is measured differently than its book value, which is the value of Ophir that is recorded on the company's balance sheet. Investors also form their own opinion of Ophir Resources' value that differs from its market value or its book value, called intrinsic value, which is Ophir Resources' 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 Ophir Resources' market value can be influenced by many factors that don't directly affect Ophir Resources' 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 Ophir Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ophir Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ophir Resources' 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.