Magellan Energy Stock Forecast - Naive Prediction
| MGLG Stock | USD 0.00001 0.00 0.00% |
The Naive Prediction forecasted value of Magellan Energy 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. Magellan Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Magellan Energy's historical fundamentals, such as revenue growth or operating cash flow patterns.
Magellan |
Magellan Energy Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Magellan Energy's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 2010-12-31 | Previous Quarter 74.7 K | Current Value 71 K | Quarterly Volatility 17.3 K |
Magellan Energy Naive Prediction Price Forecast For the 17th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Magellan Energy 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 Magellan 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 Magellan Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Magellan Energy Stock Forecast Pattern
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Magellan Energy Forecasted Value
In the context of forecasting Magellan 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. Magellan Energy's downside and upside margins for the forecasting period are 0.00 and 125.00, respectively. We have considered Magellan 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 Magellan Energy stock data series using in forecasting. Note that when a statistical model is used to represent Magellan 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 | 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 Magellan 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 Magellan 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 Magellan Energy
For every potential investor in Magellan, whether a beginner or expert, Magellan Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Magellan Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Magellan. Basic forecasting techniques help filter out the noise by identifying Magellan Energy's price trends.Magellan Energy 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 Magellan Energy stock to make a market-neutral strategy. Peer analysis of Magellan Energy could also be used in its relative valuation, which is a method of valuing Magellan Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Magellan 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 Magellan 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 Magellan Energy's current price.| Cycle Indicators | ||
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Magellan Energy Market Strength Events
Market strength indicators help investors to evaluate how Magellan 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 Magellan Energy shares will generate the highest return on investment. By undertsting and applying Magellan Energy stock market strength indicators, traders can identify Magellan Energy entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 9223372 T |
Currently Active Assets on Macroaxis
When determining whether Magellan Energy is a strong investment it is important to analyze Magellan Energy'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 Magellan Energy's future performance. For an informed investment choice regarding Magellan Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Magellan Energy to cross-verify your projections. For more detail on how to invest in Magellan Stock please use our How to Invest in Magellan Energy guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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 Magellan Energy. If investors know Magellan 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 Magellan Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Revenue Growth (0.32) | Return On Assets (0.05) | Return On Equity (0.99) |
The market value of Magellan Energy is measured differently than its book value, which is the value of Magellan that is recorded on the company's balance sheet. Investors also form their own opinion of Magellan Energy's value that differs from its market value or its book value, called intrinsic value, which is Magellan Energy'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 Magellan Energy's market value can be influenced by many factors that don't directly affect Magellan Energy'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 Magellan Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magellan Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magellan Energy'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.