NGL Energy Preferred Stock Forecast - 20 Period Moving Average
| NGL-PB Preferred Stock | USD 23.40 0.38 1.60% |
The 20 Period Moving Average forecasted value of NGL Energy Partners on the next trading day is expected to be 23.35 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 6.88. NGL Preferred Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast NGL Energy stock prices and determine the direction of NGL Energy Partners's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of NGL Energy's historical fundamentals, such as revenue growth or operating cash flow patterns.
NGL |
NGL Energy 20 Period Moving Average Price Forecast For the 1st of December
Given 90 days horizon, the 20 Period Moving Average forecasted value of NGL Energy Partners on the next trading day is expected to be 23.35 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.04, and the sum of the absolute errors of 6.88.Please note that although there have been many attempts to predict NGL Preferred 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 NGL Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
NGL Energy Preferred Stock Forecast Pattern
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NGL Energy Forecasted Value
In the context of forecasting NGL Energy's Preferred 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. NGL Energy's downside and upside margins for the forecasting period are 22.42 and 24.27, respectively. We have considered NGL 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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of NGL Energy preferred stock data series using in forecasting. Note that when a statistical model is used to represent NGL Energy preferred 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 | 79.9658 |
| Bias | Arithmetic mean of the errors | -0.1242 |
| MAD | Mean absolute deviation | 0.1637 |
| MAPE | Mean absolute percentage error | 0.007 |
| SAE | Sum of the absolute errors | 6.8765 |
Predictive Modules for NGL 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 NGL Energy Partners. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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 NGL Energy
For every potential investor in NGL, whether a beginner or expert, NGL Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NGL Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NGL. Basic forecasting techniques help filter out the noise by identifying NGL Energy's price trends.NGL 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 NGL Energy preferred stock to make a market-neutral strategy. Peer analysis of NGL Energy could also be used in its relative valuation, which is a method of valuing NGL Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NGL Energy Partners Technical and Predictive Analytics
The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of NGL 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 NGL Energy's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
NGL Energy Market Strength Events
Market strength indicators help investors to evaluate how NGL Energy preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NGL Energy shares will generate the highest return on investment. By undertsting and applying NGL Energy preferred stock market strength indicators, traders can identify NGL Energy Partners entry and exit signals to maximize returns.
| Accumulation Distribution | 2102.07 | |||
| Daily Balance Of Power | (0.76) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 23.65 | |||
| Day Typical Price | 23.57 | |||
| Price Action Indicator | (0.44) | |||
| Period Momentum Indicator | (0.38) | |||
| Relative Strength Index | 44.7 |
NGL Energy Risk Indicators
The analysis of NGL 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 NGL Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ngl preferred 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 | 0.6601 | |||
| Semi Deviation | 0.9765 | |||
| Standard Deviation | 0.935 | |||
| Variance | 0.8742 | |||
| Downside Variance | 1.19 | |||
| Semi Variance | 0.9536 | |||
| Expected Short fall | (0.66) |
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.
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.Other Information on Investing in NGL Preferred Stock
NGL Energy financial ratios help investors to determine whether NGL Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NGL with respect to the benefits of owning NGL Energy security.