Altius Minerals Stock Forecast - 20 Period Moving Average

ALS Stock  CAD 21.52  0.07  0.32%   
The 20 Period Moving Average forecasted value of Altius Minerals on the next trading day is expected to be 21.20 with a mean absolute deviation of  1.06  and the sum of the absolute errors of 43.26. Altius Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Altius Minerals stock prices and determine the direction of Altius Minerals's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Altius Minerals' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Altius Minerals' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Altius Minerals' systematic risk associated with finding meaningful patterns of Altius Minerals fundamentals over time.
Check out Historical Fundamental Analysis of Altius Minerals to cross-verify your projections.
  
As of the 2nd of May 2024, Payables Turnover is likely to grow to 5.59, while Inventory Turnover is likely to drop (3.62). . As of the 2nd of May 2024, Net Income Applicable To Common Shares is likely to grow to about 45.3 M, while Common Stock Shares Outstanding is likely to drop about 33.5 M.
Most investors in Altius Minerals cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Altius Minerals' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Altius Minerals' price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Altius Minerals is based on a synthetically constructed Altius Mineralsdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Altius Minerals 20 Period Moving Average Price Forecast For the 3rd of May

Given 90 days horizon, the 20 Period Moving Average forecasted value of Altius Minerals on the next trading day is expected to be 21.20 with a mean absolute deviation of 1.06, mean absolute percentage error of 1.68, and the sum of the absolute errors of 43.26.
Please note that although there have been many attempts to predict Altius 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 Altius Minerals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Altius Minerals Stock Forecast Pattern

Backtest Altius MineralsAltius Minerals Price PredictionBuy or Sell Advice 

Altius Minerals Forecasted Value

In the context of forecasting Altius Minerals' 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. Altius Minerals' downside and upside margins for the forecasting period are 19.48 and 22.92, respectively. We have considered Altius Minerals' 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.
Market Value
21.52
21.20
Expected Value
22.92
Upside

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 Altius Minerals stock data series using in forecasting. Note that when a statistical model is used to represent Altius Minerals 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.
AICAkaike Information Criteria81.8744
BiasArithmetic mean of the errors -1.0474
MADMean absolute deviation1.0552
MAPEMean absolute percentage error0.0517
SAESum of the absolute errors43.2635
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Altius Minerals 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Altius Minerals

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Altius Minerals. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Altius Minerals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
19.8321.5523.27
Details
Intrinsic
Valuation
LowRealHigh
19.3724.0125.73
Details
Bollinger
Band Projection (param)
LowMiddleHigh
20.7121.7822.49
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.020.070.11
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Altius Minerals. Your research has to be compared to or analyzed against Altius Minerals' peers to derive any actionable benefits. When done correctly, Altius Minerals' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Altius Minerals.

Other Forecasting Options for Altius Minerals

For every potential investor in Altius, whether a beginner or expert, Altius Minerals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Altius Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Altius. Basic forecasting techniques help filter out the noise by identifying Altius Minerals' price trends.

Altius Minerals 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 Altius Minerals stock to make a market-neutral strategy. Peer analysis of Altius Minerals could also be used in its relative valuation, which is a method of valuing Altius Minerals by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Altius Minerals 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 Altius Minerals' 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 Altius Minerals' current price.

Altius Minerals Market Strength Events

Market strength indicators help investors to evaluate how Altius Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Altius Minerals shares will generate the highest return on investment. By undertsting and applying Altius Minerals stock market strength indicators, traders can identify Altius Minerals entry and exit signals to maximize returns.

Altius Minerals Risk Indicators

The analysis of Altius Minerals' 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 Altius Minerals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting altius 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.
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.

Pair Trading with Altius Minerals

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altius Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altius Minerals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Altius Stock

  0.7FEC Frontera Energy CorpPairCorr

Moving against Altius Stock

  0.84SGR-U Slate Grocery REIT Earnings Call TomorrowPairCorr
  0.78TC Tucows IncPairCorr
The ability to find closely correlated positions to Altius Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altius Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altius Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altius Minerals to buy it.
The correlation of Altius Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altius Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altius Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altius Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Historical Fundamental Analysis of Altius Minerals to cross-verify your projections.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Altius Minerals' price analysis, check to measure Altius Minerals' 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 Altius Minerals is operating at the current time. Most of Altius Minerals' value examination focuses on studying past and present price action to predict the probability of Altius Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altius Minerals' price. Additionally, you may evaluate how the addition of Altius Minerals to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Altius Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Altius Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altius Minerals' 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.