Solitario Exploration Stock Forecast - Naive Prediction
| XPL Stock | USD 0.72 0.01 1.37% |
The Naive Prediction forecasted value of Solitario Exploration Royalty on the next trading day is expected to be 0.74 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 0.95. Solitario Stock Forecast is based on your current time horizon. Although Solitario Exploration's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Solitario Exploration's systematic risk associated with finding meaningful patterns of Solitario Exploration fundamentals over time.
As of now the relative strength momentum indicator of Solitario Exploration's share price is below 20 . This entails that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
EPS Estimate Next Quarter (0.01) | EPS Estimate Current Year (0.04) | EPS Estimate Next Year (0.09) | Wall Street Target Price 1.5 | Quarterly Revenue Growth (0.19) |
Using Solitario Exploration hype-based prediction, you can estimate the value of Solitario Exploration Royalty from the perspective of Solitario Exploration response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Solitario Exploration Royalty on the next trading day is expected to be 0.74 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 0.95. Solitario Exploration after-hype prediction price | USD 0.71 |
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.
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Solitario Exploration Additional Predictive Modules
Most predictive techniques to examine Solitario price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Solitario using various technical indicators. When you analyze Solitario 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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| Overlap Studies | ||
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| Volume Indicators |
Solitario Exploration Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Solitario Exploration's financial statements, predicting their influence on future market prices.
Cash | First Reported 1997-03-31 | Previous Quarter 195 K | Current Value 372 K | Quarterly Volatility 2.7 M |
Solitario Exploration Naive Prediction Price Forecast For the 22nd of January
Given 90 days horizon, the Naive Prediction forecasted value of Solitario Exploration Royalty on the next trading day is expected to be 0.74 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0004, and the sum of the absolute errors of 0.95.Please note that although there have been many attempts to predict Solitario 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 Solitario Exploration's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Solitario Exploration Stock Forecast Pattern
| Backtest Solitario Exploration | Solitario Exploration Price Prediction | Buy or Sell Advice |
Solitario Exploration Forecasted Value
In the context of forecasting Solitario Exploration'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. Solitario Exploration's downside and upside margins for the forecasting period are 0.01 and 4.15, respectively. We have considered Solitario Exploration'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Solitario Exploration stock data series using in forecasting. Note that when a statistical model is used to represent Solitario Exploration 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 | 110.1795 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0156 |
| MAPE | Mean absolute percentage error | 0.0238 |
| SAE | Sum of the absolute errors | 0.9494 |
Predictive Modules for Solitario Exploration
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Solitario Exploration. 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 Solitario Exploration
For every potential investor in Solitario, whether a beginner or expert, Solitario Exploration's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Solitario Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Solitario. Basic forecasting techniques help filter out the noise by identifying Solitario Exploration's price trends.Solitario Exploration 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 Solitario Exploration stock to make a market-neutral strategy. Peer analysis of Solitario Exploration could also be used in its relative valuation, which is a method of valuing Solitario Exploration by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Solitario Exploration 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 Solitario Exploration'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 Solitario Exploration's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Solitario Exploration Market Strength Events
Market strength indicators help investors to evaluate how Solitario Exploration stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Solitario Exploration shares will generate the highest return on investment. By undertsting and applying Solitario Exploration stock market strength indicators, traders can identify Solitario Exploration Royalty entry and exit signals to maximize returns.
Solitario Exploration Risk Indicators
The analysis of Solitario Exploration'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 Solitario Exploration's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting solitario 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 | 2.9 | |||
| Standard Deviation | 3.7 | |||
| Variance | 13.72 |
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.
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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 Solitario Exploration. If investors know Solitario 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 Solitario Exploration listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.06) | Revenue Per Share | Quarterly Revenue Growth (0.19) | Return On Assets | Return On Equity |
The market value of Solitario Exploration is measured differently than its book value, which is the value of Solitario that is recorded on the company's balance sheet. Investors also form their own opinion of Solitario Exploration's value that differs from its market value or its book value, called intrinsic value, which is Solitario Exploration'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 Solitario Exploration's market value can be influenced by many factors that don't directly affect Solitario Exploration'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 Solitario Exploration's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solitario Exploration is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solitario Exploration'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.