Majestic Gold Stock Forward View - Polynomial Regression
| MJS Stock | CAD 0.16 0.01 6.67% |
This reference page presents Polynomial Regression forecast data for Majestic Gold Corp. The projected values and error metrics are presented below as reference information. The output values and deviation metrics are provided for informational reference.
The Polynomial Regression forecasted value of Majestic Gold Corp on the next trading day is expected to be 0.16 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.46.A single variable polynomial regression model attempts to put a curve through the Majestic Gold historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm This Polynomial Regression forecast data for Majestic Gold Corp is sourced from the most recent available trading data and is intended solely as reference information. Polynomial Regression Price Forecast For the 26th of March
Given 90 days horizon, the Polynomial Regression forecasted value of Majestic Gold Corp on the next trading day is expected to be 0.16 with a mean absolute deviation of 0.01 , mean absolute percentage error of 0.000099 , and the sum of the absolute errors of 0.46 .Please note that although there have been many attempts to predict Majestic 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 Majestic Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Majestic Gold | Majestic Gold Price Prediction | Research Analysis |
Forecasted Value
Forecasting Majestic Gold Corp for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The projected forecast band currently runs from roughly 0.0016 on the downside to about 5.38 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Majestic Gold stock data series using in forecasting. Note that when a statistical model is used to represent Majestic 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 | 110.7273 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0074 |
| MAPE | Mean absolute percentage error | 0.0421 |
| SAE | Sum of the absolute errors | 0.4595 |
Other Forecasting Options for Majestic Gold
Majestic Gold's daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in Majestic often signals an upcoming reversal or acceleration. Gap analysis of Majestic Stock data examines overnight jumps between Majestic Gold's closing and opening prices.Majestic Gold Related Equities
These stocks are related to Majestic Gold within the Materials space and can be used for peer review, pricing, or spreading risk. Revenue and margin checks across this group help investors set expectations for Majestic Gold's results.
| Risk & Return | Correlation |
Majestic Gold Market Strength Events
Market strength indicators help investors evaluate how Majestic Gold stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading Majestic Gold Corp. These indicators can identify periods when trading Majestic Gold Corp may offer more favorable risk-reward conditions.
Majestic Gold Risk Indicators
The analysis of Majestic Gold's basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding Majestic Gold's allows investors to make informed decisions about their exposure. The analysis of Majestic Gold's basic risk metrics provides a foundation for managing investment risk.
| Mean Deviation | 3.66 | |||
| Semi Deviation | 3.94 | |||
| Standard Deviation | 5.11 | |||
| Variance | 26.1 | |||
| Downside Variance | 40.78 | |||
| Semi Variance | 15.49 | |||
| Expected Short fall | -6.84 |
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 Majestic Gold
The amount of media and story coverage tied to Majestic Gold Corp can signal where market attention is concentrating at the moment. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
Other Macroaxis Stories
Macroaxis story coverage is designed for a broad investing audience that ranges from self-directed traders to advisers, researchers, and institutional market participants. The content is intended to support people who want a more structured path from headline information to portfolio action.
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