JX Luxventure Stock Forward View - Simple Moving Average
| JXG Stock | 3.50 -0.50 -12.50% |
This reference page presents Simple Moving Average forecast data for JX Luxventure Limited. The model output shown here is derived from JX Luxventure's historical price series and is provided for informational purposes.
The Simple Moving Average forecasted value of JX Luxventure Limited on the next trading day is expected to be 3.50 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.15.The simple moving average model is conceptually a linear regression of the current value of JX Luxventure Limited price series against current and previous (unobserved) value of JX Luxventure. 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 This Simple Moving Average forecast data for JX Luxventure Limited is sourced from the most recent available trading data and is intended solely as reference information. Simple Moving Average Price Forecast For the 20th of March
Given 90 days horizon, the Simple Moving Average forecasted value of JX Luxventure Limited on the next trading day is expected to be 3.50 with a mean absolute deviation of 0.22 , mean absolute percentage error of 0.16 , and the sum of the absolute errors of 13.15 .Please note that although there have been many attempts to predict JXG 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 JX Luxventure's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
Forecasting JX Luxventure Limited for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. At the moment, the model places downside around 0.04 and upside around 8.72 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 JX Luxventure stock data series using in forecasting. Note that when a statistical model is used to represent JX Luxventure 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 | 112.5732 |
| Bias | Arithmetic mean of the errors | 0.1463 |
| MAD | Mean absolute deviation | 0.2229 |
| MAPE | Mean absolute percentage error | 0.0452 |
| SAE | Sum of the absolute errors | 13.15 |
Other Forecasting Options for JX Luxventure
For every potential investor in JXG, whether a beginner or expert, JX Luxventure's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better.JX Luxventure Related Equities
The following equities are related to JX Luxventure within the Consumer Discretionary space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing JX Luxventure 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 |
JX Luxventure Market Strength Events
Market strength indicators help investors to evaluate how JX Luxventure stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading JX Luxventure shares will generate the highest return on.
JX Luxventure Risk Indicators
The analysis of JX Luxventure'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 JX Luxventure's investment and either accepting that risk or mitigating it.
| Mean Deviation | 4.23 | |||
| Standard Deviation | 6.66 | |||
| Variance | 44.37 |
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 JX Luxventure
Coverage intensity for JX Luxventure Limited matters because narrative visibility can influence sentiment, participation, and volatility around the name. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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JX Luxventure Short Properties
Short sentiment tied to JX Luxventure Limited matters because heavier bearish pressure can change how quickly future price expectations become unstable. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 237.9 K | |
| Cash And Short Term Investments | 1.2 M |