Bragg Gaming Stock Forecast - 8 Period Moving Average

BRAG Stock  CAD 4.69  0.05  1.05%   
The 8 Period Moving Average forecasted value of Bragg Gaming Group on the next trading day is expected to be 4.64 with a mean absolute deviation of 0.28 and the sum of the absolute errors of 14.89. Bragg Stock Forecast is based on your current time horizon. Although Bragg Gaming's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Bragg Gaming's systematic risk associated with finding meaningful patterns of Bragg Gaming fundamentals over time.
  
As of the 4th of December 2024, Fixed Asset Turnover is likely to grow to 36.58, while Inventory Turnover is likely to drop 25.56. . As of the 4th of December 2024, Common Stock Shares Outstanding is likely to grow to about 23.7 M, while Net Loss is likely to drop (4.2 M).
An 8-period moving average forecast model for Bragg Gaming is based on an artificially constructed time series of Bragg Gaming daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Bragg Gaming 8 Period Moving Average Price Forecast For the 5th of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of Bragg Gaming Group on the next trading day is expected to be 4.64 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.21, and the sum of the absolute errors of 14.89.
Please note that although there have been many attempts to predict Bragg 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 Bragg Gaming's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Bragg Gaming Stock Forecast Pattern

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Bragg Gaming Forecasted Value

In the context of forecasting Bragg Gaming'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. Bragg Gaming's downside and upside margins for the forecasting period are 0.12 and 9.16, respectively. We have considered Bragg Gaming'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.
Market Value
4.69
4.64
Expected Value
9.16
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Bragg Gaming stock data series using in forecasting. Note that when a statistical model is used to represent Bragg Gaming 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.
AICAkaike Information Criteria101.8405
BiasArithmetic mean of the errors 0.1956
MADMean absolute deviation0.2809
MAPEMean absolute percentage error0.0539
SAESum of the absolute errors14.8875
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Bragg Gaming Group 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Bragg Gaming

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bragg Gaming Group. 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
LowEstimatedHigh
0.144.669.18
Details
Intrinsic
Valuation
LowRealHigh
0.224.408.92
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.05-0.04-0.03
Details

Other Forecasting Options for Bragg Gaming

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

Bragg Gaming 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 Bragg Gaming stock to make a market-neutral strategy. Peer analysis of Bragg Gaming could also be used in its relative valuation, which is a method of valuing Bragg Gaming by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Bragg Gaming Group 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 Bragg Gaming'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 Bragg Gaming's current price.

Bragg Gaming Market Strength Events

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

Bragg Gaming Risk Indicators

The analysis of Bragg Gaming'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 Bragg Gaming's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bragg 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.
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.

Pair Trading with Bragg Gaming

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 Bragg Gaming 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 Bragg Gaming will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Bragg Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bragg Gaming when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bragg Gaming - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bragg Gaming Group to buy it.
The correlation of Bragg Gaming is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bragg Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bragg Gaming Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bragg Gaming can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Bragg Gaming Group is a strong investment it is important to analyze Bragg Gaming'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 Bragg Gaming's future performance. For an informed investment choice regarding Bragg Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Bragg Gaming to cross-verify your projections.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Please note, there is a significant difference between Bragg Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bragg Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bragg Gaming'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.