Northern Graphite Stock Forward View - Simple Moving Average
| NGC Stock | CAD 0.18 -0.01 -5.26% |
This reference page presents Simple Moving Average forecast data for Northern Graphite. The projected values and error metrics are presented below as reference information. The output values and deviation metrics are provided for informational reference.
The Simple Moving Average forecasted value of Northern Graphite on the next trading day is expected to be 0.18 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.73.The simple moving average model is conceptually a linear regression of the current value of Northern Graphite price series against current and previous (unobserved) value of Northern Graphite. 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 Northern Graphite is sourced from the most recent available trading data and is intended solely as reference information. Simple Moving Average Price Forecast For the 26th of March
Given 90 days horizon, the Simple Moving Average forecasted value of Northern Graphite on the next trading day is expected to be 0.18 with a mean absolute deviation of 0.01 , mean absolute percentage error of 0.0004 , and the sum of the absolute errors of 0.73 .Please note that although there have been many attempts to predict Northern 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 Northern Graphite's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Northern Graphite | Northern Graphite Price Prediction | Research Analysis |
Forecasted Value
Forecasting Northern Graphite for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The current forecast range spans downside near 0.0018 and upside near 7.78.
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 Northern Graphite stock data series using in forecasting. Note that when a statistical model is used to represent Northern Graphite 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 | 106.617 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0124 |
| MAPE | Mean absolute percentage error | 0.0478 |
| SAE | Sum of the absolute errors | 0.73 |
Other Forecasting Options for Northern Graphite
Northern Graphite's daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in Northern often signals an upcoming reversal or acceleration. Gap analysis of Northern Stock data examines overnight jumps between Northern Graphite's closing and opening prices.Northern Graphite Related Equities
Sizing up Northern Graphite against these stocks within the Materials space shows how it compares on key financial measures. Checking Northern Graphite against peers on P/E, margins, and return on equity helps put its position in context. Falling behind peers on key ratios may signal headwinds or execution issues worth looking into. Weighing both financial metrics and softer factors when comparing these firms produces a more balanced assessment.
| Risk & Return | Correlation |
Northern Graphite Market Strength Events
Market strength indicators help investors evaluate how Northern Graphite stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading Northern Graphite. These indicators can identify periods when trading Northern Graphite may offer more favorable risk-reward conditions.
Northern Graphite Risk Indicators
The analysis of Northern Graphite's basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding Northern Graphite's allows investors to make informed decisions about their exposure. The analysis of Northern Graphite's basic risk metrics provides a foundation for managing investment risk.
| Mean Deviation | 4.51 | |||
| Semi Deviation | 4.55 | |||
| Standard Deviation | 7.35 | |||
| Variance | 54.02 | |||
| Downside Variance | 48.28 | |||
| Semi Variance | 20.66 | |||
| Expected Short fall | -8.16 |
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 Northern Graphite
A coverage review of Northern Graphite 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.
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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