Oat Futures Commodity Forecast - Naive Prediction

ZOUSX Commodity   297.25  6.00  2.06%   
The Naive Prediction forecasted value of Oat Futures on the next trading day is expected to be 286.13 with a mean absolute deviation of 5.85 and the sum of the absolute errors of 356.94. Investors can use prediction functions to forecast Oat Futures' commodity prices and determine the direction of Oat Futures's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. At this time, The RSI of Oat Futures' share price is at 50. This usually means that the commodity is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Oat Futures, making its price go up or down.

Momentum 50

 Impartial

 
Oversold
 
Overbought
The successful prediction of Oat Futures' future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Oat Futures, which may create opportunities for some arbitrage if properly timed.
Using Oat Futures hype-based prediction, you can estimate the value of Oat Futures from the perspective of Oat Futures response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Oat Futures on the next trading day is expected to be 286.13 with a mean absolute deviation of 5.85 and the sum of the absolute errors of 356.94.

Oat Futures after-hype prediction price

    
  USX 297.25  
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 commodity price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any commodity could be closely tied with the direction of predictive economic indicators such as various price indices.

Oat Futures Additional Predictive Modules

Most predictive techniques to examine Oat price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Oat using various technical indicators. When you analyze Oat 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.
A naive forecasting model for Oat Futures is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Oat Futures value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Oat Futures Naive Prediction Price Forecast For the 27th of January

Given 90 days horizon, the Naive Prediction forecasted value of Oat Futures on the next trading day is expected to be 286.13 with a mean absolute deviation of 5.85, mean absolute percentage error of 54.46, and the sum of the absolute errors of 356.94.
Please note that although there have been many attempts to predict Oat Commodity 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 Oat Futures' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Oat Futures Commodity Forecast Pattern

Oat Futures Forecasted Value

In the context of forecasting Oat Futures' Commodity 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. Oat Futures' downside and upside margins for the forecasting period are 284.08 and 288.19, respectively. We have considered Oat Futures' 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.
Market Value
297.25
284.08
Downside
286.13
Expected Value
288.19
Upside

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 Oat Futures commodity data series using in forecasting. Note that when a statistical model is used to represent Oat Futures commodity, 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.
AICAkaike Information Criteria122.108
BiasArithmetic mean of the errors None
MADMean absolute deviation5.8514
MAPEMean absolute percentage error0.0196
SAESum of the absolute errors356.9368
This model is not at all useful as a medium-long range forecasting tool of Oat Futures. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Oat Futures. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Oat Futures

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oat Futures. Regardless of method or technology, however, to accurately forecast the commodity market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the commodity 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oat Futures' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

Oat Futures Estimiated After-Hype Price Volatility

As far as predicting the price of Oat Futures 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 Oat Futures 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 Commodity prices, such as prices of Oat Futures, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Oat Futures Commodity Price Outlook Analysis

Have you ever been surprised when a price of a Commodity such as Oat Futures is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Oat Futures 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 Commodity 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 Oat Futures, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.06 
2.06
 0.00  
 0.00  
0 Events / Month
0 Events / Month
Any time
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
297.25
297.25
0.00 
0.00  
Notes

Oat Futures Hype Timeline

Oat Futures is at this time traded for 297.25. This commodity is not elastic to its hype. The commodity elasticity to the hype of similar commodities is 0.0. Oat 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 0.06%. %. The volatility of related hype on Oat Futures is about 0.0%, with the expected price after the next announcement by competition of 297.25. Assuming the 90 days horizon the next projected press release will be any time.
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any commodity could be closely tied with the direction of predictive economic indicators such as various price indices.

Oat Futures Related Hype Analysis

Having access to credible news sources related to Oat Futures' direct competition is more important than ever and may enhance your ability to predict Oat Futures' future price movements. Getting to know how Oat Futures' 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 Oat Futures may potentially react to the hype associated with one of its peers.

Other Forecasting Options for Oat Futures

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

Oat Futures Related Commodities

One prevalent trading approach among algorithmic traders in the commodities sector involves employing market-neutral strategies, wherein each trade is designed to hedge away specific risks. Given that this approach necessitates two distinct transactions, if one position underperforms unexpectedly, the other can potentially offset some of the losses. This method can be applied to commodities such as Oat Futures, pairing it with other commodities or financial instruments to create a balanced, market-neutral setup.
 Risk & Return  Correlation

Oat Futures Market Strength Events

Market strength indicators help investors to evaluate how Oat Futures commodity reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oat Futures shares will generate the highest return on investment. By undertsting and applying Oat Futures commodity market strength indicators, traders can identify Oat Futures entry and exit signals to maximize returns.

Oat Futures Risk Indicators

The analysis of Oat Futures' 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 Oat Futures' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting oat commodity 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.
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 Oat Futures

The number of cover stories for Oat Futures depends on current market conditions and Oat Futures' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Oat Futures 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 Oat Futures' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

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