Seabridge Gold Stock Forecast - Naive Prediction
| SA Stock | USD 15.33 0.36 2.40% |
The Naive Prediction forecasted value of Seabridge Gold on the next trading day is expected to be 15.95 with a mean absolute deviation of 0.51 and the sum of the absolute errors of 31.20. 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. Although Seabridge Gold's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Seabridge Gold's systematic risk associated with finding meaningful patterns of Seabridge Gold fundamentals over time.
Check out Historical Fundamental Analysis of Seabridge Gold to cross-verify your projections. Seabridge |
Open Interest Against 2024-05-17 Seabridge Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Seabridge Gold's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Seabridge Gold's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Seabridge Gold stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Seabridge Gold's open interest, investors have to compare it to Seabridge Gold's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Seabridge Gold is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Seabridge. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Seabridge Gold 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 Seabridge Gold's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Seabridge Gold's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Seabridge Gold is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Seabridge Gold value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period. Seabridge Gold Naive Prediction Price Forecast For the 11th of May 2024
Given 90 days horizon, the Naive Prediction forecasted value of Seabridge Gold on the next trading day is expected to be 15.95 with a mean absolute deviation of 0.51, mean absolute percentage error of 0.39, and the sum of the absolute errors of 31.20.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 12.09 and 19.81, 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 | 117.179 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5115 |
| MAPE | Mean absolute percentage error | 0.0371 |
| SAE | Sum of the absolute errors | 31.1992 |
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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Seabridge Gold's 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 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 15.33 | |||
| Day Typical Price | 15.33 | |||
| Price Action Indicator | 0.18 | |||
| Period Momentum Indicator | 0.36 |
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 | 2.51 | |||
| Semi Deviation | 2.5 | |||
| Standard Deviation | 3.77 | |||
| Variance | 14.22 | |||
| Downside Variance | 7.89 | |||
| Semi Variance | 6.27 | |||
| Expected Short fall | (3.00) |
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.
Currently Active Assets on Macroaxis
When determining whether Seabridge Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Seabridge Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Seabridge Gold Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Seabridge Gold Stock: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.Note that the Seabridge Gold information on this page should be used as a complementary analysis to other Seabridge Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Seabridge Stock analysis
When running Seabridge Gold's price analysis, check to measure Seabridge Gold's 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 Seabridge Gold is operating at the current time. Most of Seabridge Gold's value examination focuses on studying past and present price action to predict the probability of Seabridge Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seabridge Gold's price. Additionally, you may evaluate how the addition of Seabridge Gold to your portfolios can decrease your overall portfolio volatility.
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Is Seabridge Gold's industry 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 (0.54) | Earnings Share (0.25) | Return On Assets (0.01) | Return On Equity (0.04) |
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.