SFL Stock Forecast - Naive Prediction
| SFL Stock | USD 10.52 0.02 0.19% |
The Naive Prediction forecasted value of SFL Corporation on the next trading day is expected to be 10.42 with a mean absolute deviation of 0.1 and the sum of the absolute errors of 5.83. SFL Stock Forecast is based on your current time horizon. Although SFL's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of SFL's systematic risk associated with finding meaningful patterns of SFL fundamentals over time.
SFL |
SFL Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the SFL's financial statements, predicting their influence on future market prices.
Cash | First Reported 2002-12-31 | Previous Quarter 186.1 M | Current Value 163.8 M | Quarterly Volatility 72.1 M |
SFL Naive Prediction Price Forecast For the 2nd of December
Given 90 days horizon, the Naive Prediction forecasted value of SFL Corporation on the next trading day is expected to be 10.42 with a mean absolute deviation of 0.1, mean absolute percentage error of 0.02, and the sum of the absolute errors of 5.83.Please note that although there have been many attempts to predict SFL 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 SFL's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
SFL Stock Forecast Pattern
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SFL Forecasted Value
In the context of forecasting SFL'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. SFL's downside and upside margins for the forecasting period are 9.11 and 11.73, respectively. We have considered SFL'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 SFL stock data series using in forecasting. Note that when a statistical model is used to represent SFL 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 | 113.9408 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0955 |
| MAPE | Mean absolute percentage error | 0.0088 |
| SAE | Sum of the absolute errors | 5.828 |
Predictive Modules for SFL
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SFL Corporation. 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 SFL
For every potential investor in SFL, whether a beginner or expert, SFL's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SFL Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SFL. Basic forecasting techniques help filter out the noise by identifying SFL's price trends.SFL 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 SFL stock to make a market-neutral strategy. Peer analysis of SFL could also be used in its relative valuation, which is a method of valuing SFL by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SFL Corporation 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 SFL'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 SFL's current price.| Cycle Indicators | ||
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| Volume Indicators |
SFL Market Strength Events
Market strength indicators help investors to evaluate how SFL stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SFL shares will generate the highest return on investment. By undertsting and applying SFL stock market strength indicators, traders can identify SFL Corporation entry and exit signals to maximize returns.
SFL Risk Indicators
The analysis of SFL'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 SFL's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sfl 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 | 1.1 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.86 |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of SFL to cross-verify your projections. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Oil & Gas Storage & Transportation 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 SFL. If investors know SFL 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 SFL 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 0.45 | Dividend Share 1.07 | Earnings Share 1 | Revenue Per Share 6.881 | Quarterly Revenue Growth 0.246 |
The market value of SFL Corporation is measured differently than its book value, which is the value of SFL that is recorded on the company's balance sheet. Investors also form their own opinion of SFL's value that differs from its market value or its book value, called intrinsic value, which is SFL'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 SFL's market value can be influenced by many factors that don't directly affect SFL'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 SFL's value and its price as these two are different measures arrived at by different means. Investors typically determine if SFL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SFL'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.