CLEANTECH LITH Stock Forecast - 4 Period Moving Average
| T2N Stock | 0.25 0.04 19.05% |
The 4 Period Moving Average forecasted value of CLEANTECH LITH LS on the next trading day is expected to be 0.23 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.73. CLEANTECH Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of CLEANTECH LITH's historical fundamentals, such as revenue growth or operating cash flow patterns.
CLEANTECH |
CLEANTECH LITH 4 Period Moving Average Price Forecast For the 15th of December 2024
Given 90 days horizon, the 4 Period Moving Average forecasted value of CLEANTECH LITH LS on the next trading day is expected to be 0.23 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0004, and the sum of the absolute errors of 0.73.Please note that although there have been many attempts to predict CLEANTECH 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 CLEANTECH LITH's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CLEANTECH LITH Stock Forecast Pattern
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CLEANTECH LITH Forecasted Value
In the context of forecasting CLEANTECH LITH'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. CLEANTECH LITH's downside and upside margins for the forecasting period are 0 and 5.21, respectively. We have considered CLEANTECH LITH'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of CLEANTECH LITH stock data series using in forecasting. Note that when a statistical model is used to represent CLEANTECH LITH 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 | 102.8151 |
| Bias | Arithmetic mean of the errors | 0.005 |
| MAD | Mean absolute deviation | 0.0128 |
| MAPE | Mean absolute percentage error | 0.0548 |
| SAE | Sum of the absolute errors | 0.73 |
Predictive Modules for CLEANTECH LITH
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CLEANTECH LITH LS. 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 CLEANTECH LITH
For every potential investor in CLEANTECH, whether a beginner or expert, CLEANTECH LITH's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CLEANTECH Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CLEANTECH. Basic forecasting techniques help filter out the noise by identifying CLEANTECH LITH's price trends.CLEANTECH LITH 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 CLEANTECH LITH stock to make a market-neutral strategy. Peer analysis of CLEANTECH LITH could also be used in its relative valuation, which is a method of valuing CLEANTECH LITH by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CLEANTECH LITH LS 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 CLEANTECH LITH'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 CLEANTECH LITH's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Volume Indicators |
CLEANTECH LITH Market Strength Events
Market strength indicators help investors to evaluate how CLEANTECH LITH stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CLEANTECH LITH shares will generate the highest return on investment. By undertsting and applying CLEANTECH LITH stock market strength indicators, traders can identify CLEANTECH LITH LS entry and exit signals to maximize returns.
CLEANTECH LITH Risk Indicators
The analysis of CLEANTECH LITH'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 CLEANTECH LITH's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cleantech 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 | 4.0 | |||
| Standard Deviation | 6.36 | |||
| Variance | 40.42 |
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.
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Other Information on Investing in CLEANTECH Stock
CLEANTECH LITH financial ratios help investors to determine whether CLEANTECH 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 CLEANTECH with respect to the benefits of owning CLEANTECH LITH security.