Phoslock Environmental Stock Forecast - Naive Prediction
| PET Stock | 0.03 0.00 0.00% |
The Naive Prediction forecasted value of Phoslock Environmental Technologies on the next trading day is expected to be 0.03 with a mean absolute deviation of 0 and the sum of the absolute errors of 0. Phoslock Stock Forecast is based on your current time horizon.
Phoslock |
Phoslock Environmental Naive Prediction Price Forecast For the 13th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Phoslock Environmental Technologies on the next trading day is expected to be 0.03 with a mean absolute deviation of 0, mean absolute percentage error of 0, and the sum of the absolute errors of 0.Please note that although there have been many attempts to predict Phoslock 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 Phoslock Environmental's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Phoslock Environmental Stock Forecast Pattern
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Phoslock Environmental Forecasted Value
In the context of forecasting Phoslock Environmental'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. Phoslock Environmental's downside and upside margins for the forecasting period are 0.03 and 0.03, respectively. We have considered Phoslock Environmental'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 Phoslock Environmental stock data series using in forecasting. Note that when a statistical model is used to represent Phoslock Environmental 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 | 42.9376 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Phoslock Environmental
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Phoslock Environmental. 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 Phoslock Environmental
For every potential investor in Phoslock, whether a beginner or expert, Phoslock Environmental's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Phoslock Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Phoslock. Basic forecasting techniques help filter out the noise by identifying Phoslock Environmental's price trends.Phoslock Environmental 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 Phoslock Environmental stock to make a market-neutral strategy. Peer analysis of Phoslock Environmental could also be used in its relative valuation, which is a method of valuing Phoslock Environmental by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Phoslock Environmental 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 Phoslock Environmental'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 Phoslock Environmental's current price.| Cycle Indicators | ||
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Phoslock Environmental Market Strength Events
Market strength indicators help investors to evaluate how Phoslock Environmental stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Phoslock Environmental shares will generate the highest return on investment. By undertsting and applying Phoslock Environmental stock market strength indicators, traders can identify Phoslock Environmental Technologies entry and exit signals to maximize returns.
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Additional Tools for Phoslock Stock Analysis
When running Phoslock Environmental's price analysis, check to measure Phoslock Environmental'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 Phoslock Environmental is operating at the current time. Most of Phoslock Environmental's value examination focuses on studying past and present price action to predict the probability of Phoslock Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phoslock Environmental's price. Additionally, you may evaluate how the addition of Phoslock Environmental to your portfolios can decrease your overall portfolio volatility.