Grande Portage Stock Forecast - Naive Prediction

GPG Stock  CAD 0.20  0.01  4.76%   
The Naive Prediction forecasted value of Grande Portage Resources on the next trading day is expected to be 0.22 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.22. Grande Stock Forecast is based on your current time horizon.
  
Payables Turnover is likely to drop to 0 in 2024. Common Stock Shares Outstanding is likely to climb to about 133.8 M in 2024, whereas Net Loss is likely to drop (1.5 M) in 2024.
A naive forecasting model for Grande Portage is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Grande Portage Resources value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Grande Portage Naive Prediction Price Forecast For the 13th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Grande Portage Resources on the next trading day is expected to be 0.22 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0007, and the sum of the absolute errors of 1.22.
Please note that although there have been many attempts to predict Grande 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 Grande Portage's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Grande Portage Stock Forecast Pattern

Backtest Grande PortageGrande Portage Price PredictionBuy or Sell Advice 

Grande Portage Forecasted Value

In the context of forecasting Grande Portage'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. Grande Portage's downside and upside margins for the forecasting period are 0 and 6.88, respectively. We have considered Grande Portage'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
0.20
0.22
Expected Value
6.88
Upside

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 Grande Portage stock data series using in forecasting. Note that when a statistical model is used to represent Grande Portage 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 Criteria110.8995
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0201
MAPEMean absolute percentage error0.0778
SAESum of the absolute errors1.2244
This model is not at all useful as a medium-long range forecasting tool of Grande Portage Resources. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Grande Portage. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Grande Portage

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Grande Portage Resources. 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
0.010.216.87
Details
Intrinsic
Valuation
LowRealHigh
0.010.216.87
Details

Other Forecasting Options for Grande Portage

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

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

Grande Portage Resources 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 Grande Portage'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 Grande Portage's current price.

Grande Portage Market Strength Events

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

Grande Portage Risk Indicators

The analysis of Grande Portage'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 Grande Portage's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting grande 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

Explore Investment Opportunities

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.
Explore Investing Ideas  

Additional Tools for Grande Stock Analysis

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