Equity Metals Stock Forecast - 4 Period Moving Average

EQTY Stock  CAD 0.21  0.02  8.70%   
The 4 Period Moving Average forecasted value of Equity Metals Corp on the next trading day is expected to be 0.21 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 0.97. Equity Stock Forecast is based on your current time horizon.
  
Payables Turnover is likely to climb to 0.28 in 2024, whereas Inventory Turnover is likely to drop (0.12) in 2024. . Common Stock Shares Outstanding is likely to climb to about 178.7 M in 2024, despite the fact that Net Loss is likely to grow to (4.3 M).
A four-period moving average forecast model for Equity Metals Corp is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

Equity Metals 4 Period Moving Average Price Forecast For the 14th of December 2024

Given 90 days horizon, the 4 Period Moving Average forecasted value of Equity Metals Corp on the next trading day is expected to be 0.21 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0005, and the sum of the absolute errors of 0.97.
Please note that although there have been many attempts to predict Equity 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 Equity Metals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Equity Metals Stock Forecast Pattern

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Equity Metals Forecasted Value

In the context of forecasting Equity Metals' 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. Equity Metals' downside and upside margins for the forecasting period are 0 and 7.22, respectively. We have considered Equity Metals' 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
0.21
0.21
Expected Value
7.22
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Equity Metals stock data series using in forecasting. Note that when a statistical model is used to represent Equity Metals 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 Criteria105.0133
BiasArithmetic mean of the errors 6.0E-4
MADMean absolute deviation0.0167
MAPEMean absolute percentage error0.0728
SAESum of the absolute errors0.9675
The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of Equity Metals. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for Equity Metals Corp and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for Equity Metals

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Equity Metals 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equity Metals' 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.
Hype
Prediction
LowEstimatedHigh
0.010.217.21
Details
Intrinsic
Valuation
LowRealHigh
0.010.197.19
Details

Other Forecasting Options for Equity Metals

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

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

Equity Metals 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 Equity Metals' 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 Equity Metals' current price.

Equity Metals Market Strength Events

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

Equity Metals Risk Indicators

The analysis of Equity Metals' 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 Equity Metals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting equity 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.

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Equity Stock Analysis

When running Equity Metals' price analysis, check to measure Equity Metals' 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 Equity Metals is operating at the current time. Most of Equity Metals' value examination focuses on studying past and present price action to predict the probability of Equity Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equity Metals' price. Additionally, you may evaluate how the addition of Equity Metals to your portfolios can decrease your overall portfolio volatility.