Forafric Global Stock Forward View - Simple Moving Average
| AFRI Stock | USD 9.64 0.07 0.73% |
The reference data on this page reflects Simple Moving Average output applied to Forafric Global PLC's historical daily closing prices. Forecast values and accuracy statistics are presented for informational purposes.
The Simple Moving Average forecasted value of Forafric Global PLC on the next trading day is projected to be 9.64 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.27.The simple moving average model is conceptually a linear regression of the current value of Forafric Global PLC price series against current and previous (unobserved) value of Forafric Global. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future The forecast reference data presented here for Forafric Global PLC reflects Simple Moving Average model output and is intended as reference material for analytical use. Simple Moving Average Price Forecast For the 23rd of March
Given 90 days horizon, the Simple Moving Average forecasted value of Forafric Global PLC on the next trading day is expected to be 9.64 with a mean absolute deviation of 0.11 , mean absolute percentage error of 0.02 , and the sum of the absolute errors of 6.27 .Please note that although there have been many attempts to predict Forafric Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Forafric Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Forafric Global | Forafric Global Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Forafric Global PLC focuses on identifying predictive downside and upside bands that can frame a realistic trading range. At the moment, the model places downside around 8.34 and upside around 10.94 for the forecasting period.
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 Forafric Global stock data series using in forecasting. Note that when a statistical model is used to represent Forafric Global 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 | 110.4083 |
| Bias | Arithmetic mean of the errors | 0.025 |
| MAD | Mean absolute deviation | 0.1064 |
| MAPE | Mean absolute percentage error | 0.0106 |
| SAE | Sum of the absolute errors | 6.275 |
Other Forecasting Options for Forafric Global
Understanding Forafric Global's price movement is a prerequisite for any investor considering Forafric as a position. Forafric Stock price charts are frequently cluttered with noise that can interfere with accurate interpretation.Forafric Global Related Equities
The following equities are related to Forafric Global within the Consumer Staples space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Forafric Global against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Forafric Global Market Strength Events
For traders and investors in Forafric Global PLC, market strength indicators offer a quantitative framework for evaluating the stock's responsiveness to market conditions. These tools help identify when trading Forafric Global shares is most likely to generate favorable returns.
Forafric Global Risk Indicators
Analyzing Forafric Global's risk indicators provides a critical input for price forecasting and investment risk management. By quantifying the risk in Forafric Global's investment, investors can make more informed decisions about their exposure and hedging strategies.
| Mean Deviation | 1.08 | |||
| Standard Deviation | 1.46 | |||
| Variance | 2.14 |
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.
Story Coverage note for Forafric Global
A coverage review of Forafric Global PLC shows when the security is attracting above-average attention from contributors and market observers. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
Contributor Headline
Latest Perspective From Macroaxis
Forafric Global Short Properties
Short-interest signals around Forafric Global PLC can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 26.9 M | |
| Cash And Short Term Investments | 12.2 M |