CKX Lands Stock Forecast - Simple Moving Average
| CKX Stock | USD 13.75 0.15 1.08% |
The Simple Moving Average forecasted value of CKX Lands on the next trading day is expected to be 13.75 with a mean absolute deviation of 0.21 and the sum of the absolute errors of 12.82. CKX Stock Forecast is based on your current time horizon.
CKX |
Most investors in CKX Lands 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 CKX Lands' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets CKX Lands' price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for CKX Lands is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility. CKX Lands Simple Moving Average Price Forecast For the 13th of June 2024
Given 90 days horizon, the Simple Moving Average forecasted value of CKX Lands on the next trading day is expected to be 13.75 with a mean absolute deviation of 0.21, mean absolute percentage error of 0.08, and the sum of the absolute errors of 12.82.Please note that although there have been many attempts to predict CKX 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 CKX Lands' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CKX Lands Stock Forecast Pattern
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CKX Lands Forecasted Value
In the context of forecasting CKX Lands' 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. CKX Lands' downside and upside margins for the forecasting period are 11.62 and 15.88, respectively. We have considered CKX Lands' 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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of CKX Lands stock data series using in forecasting. Note that when a statistical model is used to represent CKX Lands 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 | 113.7398 |
| Bias | Arithmetic mean of the errors | -0.0042 |
| MAD | Mean absolute deviation | 0.2137 |
| MAPE | Mean absolute percentage error | 0.0155 |
| SAE | Sum of the absolute errors | 12.82 |
Predictive Modules for CKX Lands
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CKX Lands. 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 CKX Lands' 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.
Other Forecasting Options for CKX Lands
For every potential investor in CKX, whether a beginner or expert, CKX Lands' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CKX Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CKX. Basic forecasting techniques help filter out the noise by identifying CKX Lands' price trends.CKX Lands 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 CKX Lands stock to make a market-neutral strategy. Peer analysis of CKX Lands could also be used in its relative valuation, which is a method of valuing CKX Lands by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CKX Lands 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 CKX Lands' 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 CKX Lands' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
CKX Lands Market Strength Events
Market strength indicators help investors to evaluate how CKX Lands stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CKX Lands shares will generate the highest return on investment. By undertsting and applying CKX Lands stock market strength indicators, traders can identify CKX Lands entry and exit signals to maximize returns.
| Accumulation Distribution | 0.7 | |||
| Daily Balance Of Power | (7.50) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 13.74 | |||
| Day Typical Price | 13.74 | |||
| Price Action Indicator | (0.07) | |||
| Period Momentum Indicator | (0.15) |
CKX Lands Risk Indicators
The analysis of CKX Lands' 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 CKX Lands' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ckx 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 | 1.54 | |||
| Semi Deviation | 1.73 | |||
| Standard Deviation | 2.08 | |||
| Variance | 4.34 | |||
| Downside Variance | 4.42 | |||
| Semi Variance | 2.99 | |||
| Expected Short fall | (2.02) |
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.Additional Tools for CKX Stock Analysis
When running CKX Lands' price analysis, check to measure CKX Lands' 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 CKX Lands is operating at the current time. Most of CKX Lands' value examination focuses on studying past and present price action to predict the probability of CKX Lands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CKX Lands' price. Additionally, you may evaluate how the addition of CKX Lands to your portfolios can decrease your overall portfolio volatility.