Fortescue Metals OTC Stock Forward View
| FSUGY Stock | USD 28.32 0.21 0.75% |
This page provides Naive Prediction reference data for Fortescue Metals Group, calculated from historical daily prices. The forecast output and associated deviation metrics are shown for informational use.
The Naive Prediction forecasted value of Fortescue Metals Group on the next trading day is expected to be 28.94 with a mean absolute deviation of 0.51 and the sum of the absolute errors of 31.26.This model is not at all useful as a medium-long range forecasting tool of Fortescue Metals Group. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Fortescue Metals. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights. Fortescue Metals's Naive Prediction reference data is provided for informational and analytical purposes and does not constitute a trading recommendation. Naive Prediction Price Forecast For the 19th of March
Given 90 days horizon, the Naive Prediction forecasted value of Fortescue Metals Group on the next trading day is expected to be 28.94 with a mean absolute deviation of 0.51 , mean absolute percentage error of 0.40 , and the sum of the absolute errors of 31.26 .Please note that although there have been many attempts to predict Fortescue OTC 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 Fortescue Metals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
OTC Stock Forecast Pattern
| Backtest Fortescue Metals | Fortescue Metals Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Fortescue Metals' predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 26.59 and upside near 31.29.
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 Fortescue Metals otc stock data series using in forecasting. Note that when a statistical model is used to represent Fortescue Metals otc 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 | 117.2017 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5125 |
| MAPE | Mean absolute percentage error | 0.0179 |
| SAE | Sum of the absolute errors | 31.2604 |
Other Forecasting Options for Fortescue Metals
The price movement of Fortescue is a central concern for all potential investors, regardless of their level of expertise. Fortescue OTC Stock price charts can be difficult to interpret due to the noise present in the data.View Fortescue Metals' Related Equities
| Risk & Return | Correlation |
Fortescue Metals Market Strength Events
Market strength indicators applied to Fortescue Metals otc stock help investors assess the relative momentum and resilience of the security in different market environments. By using these indicators, traders can make more informed decisions about when to buy or sell Fortescue Metals Group.
Fortescue Metals Risk Indicators
Risk indicator analysis for Fortescue Metals is essential for accurately projecting its future price trajectory. By identifying the level of risk embedded in Fortescue Metals' investment, investors can make informed decisions about position sizing and risk mitigation.
| Mean Deviation | 1.7 | |||
| Standard Deviation | 2.31 | |||
| Variance | 5.33 |
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 Fortescue Metals
The amount of media and story coverage tied to Fortescue Metals Group can signal where market attention is concentrating at the moment. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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Financial ratios for Fortescue Metals provide valuation context across profits, cash flow, and enterprise value. They help compare Fortescue to other measures in a consistent way.