Seabridge Gold Stock Forecast - Naive Prediction
| SA Stock | USD 14.23 0.63 4.63% |
The Naive Prediction forecasted value of Seabridge Gold on the next trading day is expected to be 14.30 with a mean absolute deviation of 0.58 and the sum of the absolute errors of 35.55. Seabridge Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Seabridge Gold stock prices and determine the direction of Seabridge Gold's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Seabridge Gold's historical fundamentals, such as revenue growth or operating cash flow patterns.
Seabridge |
Seabridge Gold Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Seabridge Gold's financial statements to predict how it will affect future prices.
Cash | First Reported 2002-03-31 | Previous Quarter 71.3 M | Current Value 51.2 M | Quarterly Volatility 46.9 M |
Seabridge Gold Naive Prediction Price Forecast For the 12th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Seabridge Gold on the next trading day is expected to be 14.30 with a mean absolute deviation of 0.58, mean absolute percentage error of 0.51, and the sum of the absolute errors of 35.55.Please note that although there have been many attempts to predict Seabridge 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 Seabridge Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Seabridge Gold Stock Forecast Pattern
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Seabridge Gold Forecasted Value
In the context of forecasting Seabridge Gold'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. Seabridge Gold's downside and upside margins for the forecasting period are 11.55 and 17.06, respectively. We have considered Seabridge Gold'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 Seabridge Gold stock data series using in forecasting. Note that when a statistical model is used to represent Seabridge Gold 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 | 117.4339 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5827 |
| MAPE | Mean absolute percentage error | 0.035 |
| SAE | Sum of the absolute errors | 35.5469 |
Predictive Modules for Seabridge Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Seabridge Gold. 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 Seabridge Gold
For every potential investor in Seabridge, whether a beginner or expert, Seabridge Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Seabridge Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Seabridge. Basic forecasting techniques help filter out the noise by identifying Seabridge Gold's price trends.Seabridge Gold 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 Seabridge Gold stock to make a market-neutral strategy. Peer analysis of Seabridge Gold could also be used in its relative valuation, which is a method of valuing Seabridge Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Seabridge Gold 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 Seabridge Gold'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 Seabridge Gold's current price.| Cycle Indicators | ||
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Seabridge Gold Market Strength Events
Market strength indicators help investors to evaluate how Seabridge Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Seabridge Gold shares will generate the highest return on investment. By undertsting and applying Seabridge Gold stock market strength indicators, traders can identify Seabridge Gold entry and exit signals to maximize returns.
Seabridge Gold Risk Indicators
The analysis of Seabridge Gold'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 Seabridge Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting seabridge 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 | 2.05 | |||
| Standard Deviation | 2.81 | |||
| Variance | 7.92 |
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.Check out Historical Fundamental Analysis of Seabridge Gold to cross-verify your projections. For information on how to trade Seabridge Stock refer to our How to Trade Seabridge Stock guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Metals & Mining 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 Seabridge Gold. If investors know Seabridge 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 Seabridge Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.679 | Earnings Share (0.11) | Return On Assets (0.01) | Return On Equity (0.02) |
The market value of Seabridge Gold is measured differently than its book value, which is the value of Seabridge that is recorded on the company's balance sheet. Investors also form their own opinion of Seabridge Gold's value that differs from its market value or its book value, called intrinsic value, which is Seabridge Gold'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 Seabridge Gold's market value can be influenced by many factors that don't directly affect Seabridge Gold'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 Seabridge Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Seabridge Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seabridge Gold'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.