Vaalco Energy Stock Forecast - Naive Prediction
| EGY Stock | USD 4.94 0.06 1.20% |
The Naive Prediction forecasted value of Vaalco Energy on the next trading day is expected to be 4.70 with a mean absolute deviation of 0.14 and the sum of the absolute errors of 8.89. Vaalco Stock Forecast is based on your current time horizon.
Vaalco |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Vaalco Energy's financial statements to predict how it will affect future prices.
Cash | First Reported 1990-12-31 | Previous Quarter 62.9 M | Current Value 89.1 M | Quarterly Volatility 40.8 M |
Vaalco Energy Naive Prediction Price Forecast For the 14th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Vaalco Energy on the next trading day is expected to be 4.70 with a mean absolute deviation of 0.14, mean absolute percentage error of 0.03, and the sum of the absolute errors of 8.89.Please note that although there have been many attempts to predict Vaalco 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 Vaalco Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Vaalco Energy Stock Forecast Pattern
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Vaalco Energy Forecasted Value
In the context of forecasting Vaalco 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. Vaalco Energy's downside and upside margins for the forecasting period are 2.47 and 6.93, respectively. We have considered Vaalco 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 Vaalco Energy stock data series using in forecasting. Note that when a statistical model is used to represent Vaalco 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 | 116.4697 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1433 |
| MAPE | Mean absolute percentage error | 0.0261 |
| SAE | Sum of the absolute errors | 8.887 |
Predictive Modules for Vaalco 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 Vaalco Energy. 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 Vaalco Energy
For every potential investor in Vaalco, whether a beginner or expert, Vaalco Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Vaalco Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Vaalco. Basic forecasting techniques help filter out the noise by identifying Vaalco Energy's price trends.View Vaalco Energy Related Equities
| Risk & Return | Correlation |
Vaalco Energy 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 Vaalco 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 Vaalco Energy's current price.| Cycle Indicators | ||
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| Volume Indicators |
Vaalco Energy Market Strength Events
Market strength indicators help investors to evaluate how Vaalco 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 Vaalco Energy shares will generate the highest return on investment. By undertsting and applying Vaalco Energy stock market strength indicators, traders can identify Vaalco Energy entry and exit signals to maximize returns.
| Accumulation Distribution | 36384.02 | |||
| Daily Balance Of Power | (0.35) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 5.0 | |||
| Day Typical Price | 4.98 | |||
| Price Action Indicator | (0.09) | |||
| Period Momentum Indicator | (0.06) |
Vaalco Energy Risk Indicators
The analysis of Vaalco Energy'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 Vaalco Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting vaalco 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 | 1.79 | |||
| Standard Deviation | 2.23 | |||
| Variance | 4.96 |
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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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.Additional Tools for Vaalco Stock Analysis
When running Vaalco Energy's price analysis, check to measure Vaalco Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vaalco Energy is operating at the current time. Most of Vaalco Energy's value examination focuses on studying past and present price action to predict the probability of Vaalco Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vaalco Energy's price. Additionally, you may evaluate how the addition of Vaalco Energy to your portfolios can decrease your overall portfolio volatility.