Alamo Energy Stock Forecast - Naive Prediction
| ALME Stock | USD 0.0001 0.00 0.00% |
The Naive Prediction forecasted value of Alamo Energy Corp on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0.00000571 and the sum of the absolute errors of 0.0003. Alamo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Alamo Energy stock prices and determine the direction of Alamo Energy Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Alamo Energy's historical fundamentals, such as revenue growth or operating cash flow patterns.
Alamo |
Alamo Energy Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Alamo Energy's financial statements to predict how it will affect future prices.
Cash | First Reported 2010-12-31 | Previous Quarter 428.4 | Current Value 406.98 | Quarterly Volatility 75.1 K |
Alamo Energy Naive Prediction Price Forecast For the 1st of December
Given 90 days horizon, the Naive Prediction forecasted value of Alamo Energy Corp on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0.00000571, mean absolute percentage error of 0, and the sum of the absolute errors of 0.0003.Please note that although there have been many attempts to predict Alamo 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 Alamo Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Alamo Energy Stock Forecast Pattern
| Backtest Alamo Energy | Alamo Energy Price Prediction | Buy or Sell Advice |
Alamo Energy Forecasted Value
In the context of forecasting Alamo Energy'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. Alamo Energy's downside and upside margins for the forecasting period are 0.000001 and 125.99, respectively. We have considered Alamo Energy'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 Alamo Energy stock data series using in forecasting. Note that when a statistical model is used to represent Alamo Energy 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 | 95.4995 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 9.223372036854776E14 |
| SAE | Sum of the absolute errors | 3.0E-4 |
Predictive Modules for Alamo Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alamo Energy 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.Other Forecasting Options for Alamo Energy
For every potential investor in Alamo, whether a beginner or expert, Alamo Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Alamo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Alamo. Basic forecasting techniques help filter out the noise by identifying Alamo Energy's price trends.Alamo Energy 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 Alamo Energy stock to make a market-neutral strategy. Peer analysis of Alamo Energy could also be used in its relative valuation, which is a method of valuing Alamo Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Alamo Energy 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 Alamo Energy'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 Alamo Energy's current price.| Cycle Indicators | ||
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Alamo Energy Market Strength Events
Market strength indicators help investors to evaluate how Alamo Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alamo Energy shares will generate the highest return on investment. By undertsting and applying Alamo Energy stock market strength indicators, traders can identify Alamo Energy Corp entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.0E-4 | |||
| Day Typical Price | 1.0E-4 | |||
| Relative Strength Index | 100.0 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Alamo Energy Corp is a strong investment it is important to analyze Alamo Energy's 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 Alamo Energy's future performance. For an informed investment choice regarding Alamo Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Alamo Energy to cross-verify your projections. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Oil & Gas Exploration & Production 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 Alamo Energy. If investors know Alamo 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 Alamo Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Revenue Growth 0.807 | Return On Assets (0.19) |
The market value of Alamo Energy Corp is measured differently than its book value, which is the value of Alamo that is recorded on the company's balance sheet. Investors also form their own opinion of Alamo Energy's value that differs from its market value or its book value, called intrinsic value, which is Alamo Energy'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 Alamo Energy's market value can be influenced by many factors that don't directly affect Alamo Energy'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 Alamo Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alamo Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alamo Energy'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.