Rio2 Stock Forward View - Simple Moving Average
| RIO Stock | 2.77 0.08 2.97% |
The forecast reference data for Rio2 on this page is generated using Simple Moving Average applied to historical price observations. Projected values and error measures are included as reference material.
The Simple Moving Average forecasted value of Rio2 on the next trading day is expected to be 2.77 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.53.The simple moving average model is conceptually a linear regression of the current value of Rio2 price series against current and previous (unobserved) value of Rio2. 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 Simple Moving Average reference values for Rio2 are derived from publicly available price data and should be used for informational purposes only. Simple Moving Average Price Forecast For the 20th of March
Given 90 days horizon, the Simple Moving Average forecasted value of Rio2 on the next trading day is expected to be 2.77 with a mean absolute deviation of 0.13 , mean absolute percentage error of 0.03 , and the sum of the absolute errors of 7.53 .Please note that although there have been many attempts to predict Rio2 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 Rio2's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Rio2 | Rio2 Price Prediction | Research Analysis |
Forecasted Value
Forecasting Rio2 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 0.03 and upside around 7.03 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 Rio2 stock data series using in forecasting. Note that when a statistical model is used to represent Rio2 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 | 110.8732 |
| Bias | Arithmetic mean of the errors | 3.0E-4 |
| MAD | Mean absolute deviation | 0.1276 |
| MAPE | Mean absolute percentage error | 0.0386 |
| SAE | Sum of the absolute errors | 7.53 |
Other Forecasting Options for Rio2
Investors at all stages of experience who consider Rio2 must develop an understanding of Rio2's price dynamics. The noise embedded in Rio2 Stock price charts can create misleading signals and skew investment decisions.Rio2 Related Equities
The following equities are related to Rio2 within the Gold space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Rio2 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 |
Rio2 Market Strength Events
Market strength indicators applied to Rio2 stock give investors a structured view of the security's momentum relative to the overall market. Using these indicators, traders can refine their timing when entering or exiting positions in Rio2.
Rio2 Risk Indicators
Evaluating Rio2's risk indicators is an important step in accurately forecasting its price and assessing the suitability of an investment. Understanding the risk profile of Rio2's allows investors to make more informed decisions about position sizing and risk.
| Mean Deviation | 3.31 | |||
| Semi Deviation | 4.51 | |||
| Standard Deviation | 4.21 | |||
| Variance | 17.72 | |||
| Downside Variance | 22.86 | |||
| Semi Variance | 20.32 | |||
| Expected Short fall | -3.37 |
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 Rio2
Coverage intensity for Rio2 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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Rio2 Short Properties
Short sentiment tied to Rio2 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 | 428.3 M | |
| Cash And Short Term Investments | 64.2 M |
More Resources for Rio2 Stock Analysis
Other Information on Investing in Rio2 Stock
Rio2 financial ratios provide valuation context across profits, cash flow, and enterprise value. They help compare Rio2 across valuation measures and peers.