Century Petroleum Stock Forecast - Naive Prediction
| CYPE Stock | USD 0.00001 0.00 0.00% |
The Naive Prediction forecasted value of Century Petroleum Corp on the next trading day is expected to be 0.000001 with a mean absolute deviation of 0.00000041 and the sum of the absolute errors of 0.000025. Century Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Century Petroleum stock prices and determine the direction of Century Petroleum Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Century Petroleum's historical fundamentals, such as revenue growth or operating cash flow patterns.
Century |
Century Petroleum Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Century Petroleum's financial statements to predict how it will affect future prices.
Cash | First Reported 2010-12-31 | Previous Quarter 0.0 | Current Value 0.0 | Quarterly Volatility 13.1 K |
Century Petroleum Naive Prediction Price Forecast For the 12th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Century Petroleum Corp on the next trading day is expected to be 0.000001 with a mean absolute deviation of 0.00000041, mean absolute percentage error of 0, and the sum of the absolute errors of 0.000025.Please note that although there have been many attempts to predict Century 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 Century Petroleum's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Century Petroleum Stock Forecast Pattern
| Backtest Century Petroleum | Century Petroleum Price Prediction | Buy or Sell Advice |
Century Petroleum Forecasted Value
In the context of forecasting Century Petroleum'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. Century Petroleum's downside and upside margins for the forecasting period are 0.00 and 125.99, respectively. We have considered Century Petroleum'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 Century Petroleum stock data series using in forecasting. Note that when a statistical model is used to represent Century Petroleum 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 | 90.9077 |
| 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 | 0.0 |
Predictive Modules for Century Petroleum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Century Petroleum 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 Century Petroleum
For every potential investor in Century, whether a beginner or expert, Century Petroleum's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Century Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Century. Basic forecasting techniques help filter out the noise by identifying Century Petroleum's price trends.Century Petroleum 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 Century Petroleum stock to make a market-neutral strategy. Peer analysis of Century Petroleum could also be used in its relative valuation, which is a method of valuing Century Petroleum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Century Petroleum 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 Century Petroleum'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 Century Petroleum's current price.| Cycle Indicators | ||
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Century Petroleum Market Strength Events
Market strength indicators help investors to evaluate how Century Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Century Petroleum shares will generate the highest return on investment. By undertsting and applying Century Petroleum stock market strength indicators, traders can identify Century Petroleum Corp entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 9223372 T |
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 Century Petroleum Corp is a strong investment it is important to analyze Century Petroleum'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 Century Petroleum's future performance. For an informed investment choice regarding Century Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Century Petroleum to cross-verify your projections. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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 Century Petroleum. If investors know Century 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 Century Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Century Petroleum Corp is measured differently than its book value, which is the value of Century that is recorded on the company's balance sheet. Investors also form their own opinion of Century Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Century Petroleum'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 Century Petroleum's market value can be influenced by many factors that don't directly affect Century Petroleum'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 Century Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Petroleum'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.