Strathcona Resources Stock Forward View - Simple Moving Average
| SCR Stock | CAD 37.47 -0.93 -2.42% |
The Simple Moving Average reference data for Strathcona Resources is derived from the equity's published trading history. The resulting forecast and deviation statistics are presented as reference data for informational context. Forecast values and accuracy statistics are presented for informational purposes. All values shown are derived from publicly available market data.
The Simple Moving Average forecasted value of Strathcona Resources on the next trading day is expected to be 37.47 with a mean absolute deviation of 0.64 and the sum of the absolute errors of 38.54.The simple moving average model is conceptually a linear regression of the current value of Strathcona Resources price series against current and previous (unobserved) value of Strathcona Resources. 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 forecast reference data presented here for Strathcona Resources reflects Simple Moving Average model output and is intended as reference material for analytical use. Simple Moving Average Price Forecast For the 27th of March
Given 90 days horizon, the Simple Moving Average forecasted value of Strathcona Resources on the next trading day is expected to be 37.47 with a mean absolute deviation of 0.64 , mean absolute percentage error of 0.76 , and the sum of the absolute errors of 38.54 .Please note that although there have been many attempts to predict Strathcona 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 Strathcona Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Strathcona Resources | Strathcona Resources Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Strathcona Resources uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. No forecasting approach has been shown to beat all others over time. Investors should treat any model output as a guide, not a guarantee.
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 Strathcona Resources stock data series using in forecasting. Note that when a statistical model is used to represent Strathcona Resources 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 | 116.0014 |
| Bias | Arithmetic mean of the errors | -0.215 |
| MAD | Mean absolute deviation | 0.6423 |
| MAPE | Mean absolute percentage error | 0.0203 |
| SAE | Sum of the absolute errors | 38.54 |
Other Forecasting Options for Strathcona Resources
Fibonacci retracement levels applied to Strathcona Stock price swings identify potential support and resistance zones. Extreme price moves in Strathcona occur more frequently than standard risk models assume. Support and resistance levels derived from Strathcona Resources' historical data identify zones where buying or selling pressure has stalled moves. A volume spike without a corresponding price move can signal accumulation or distribution ahead of a directional breakout.Strathcona Resources Related Equities
These stocks within the Electronic Gaming & Multimedia space are often compared to Strathcona Resources by analysts and fund managers in the sector. Checking cash flow across this peer set helps gauge Strathcona Resources' relative financial strength.
| Risk & Return | Correlation |
Strathcona Resources Market Strength Events
Tracking market strength indicators for Strathcona Resources provides context for understanding stock momentum dynamics. Tracking these indicators helps identify periods where trading Strathcona Resources is likely to be most rewarding. These tools are essential for timing trades in Strathcona Resources with a quantitative framework. Market strength indicators for Strathcona Resources are most useful when viewed as part of a broader analytical framework.
| Accumulation Distribution | 8316.36 | |||
| Daily Balance Of Power | -1.04 | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 37.62 | |||
| Day Typical Price | 37.57 | |||
| Price Action Indicator | -0.61 | |||
| Period Momentum Indicator | -0.93 |
Strathcona Resources Risk Indicators
Properly assessing Strathcona Resources' risk indicators is a prerequisite for building reliable price forecasts. This analysis provides context for determining the appropriate level of risk to accept when holding Strathcona Resources'. Analyzing Strathcona Resources' risk indicators provides a critical input for investment risk management. By quantifying the risk in Strathcona Resources' investment, investors can make more informed decisions about hedging strategies.
| Mean Deviation | 2.09 | |||
| Standard Deviation | 3.89 | |||
| Variance | 15.12 |
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 Strathcona Resources
Story coverage around Strathcona Resources often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. 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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Strathcona Resources Short Properties
Reviewing short-oriented indicators for Strathcona Resources is useful because long and short participants often create very different signals for timing and volatility. This is most valuable when investors want to know whether bearish pressure is starting to shape the market's reaction function.
| Common Stock Shares Outstanding | 214.2 M | |
| Cash And Short Term Investments | 1.3 B |
More Resources for Strathcona Stock Analysis
Other Information on Investing in Strathcona Stock
These ratios describe connections between financial data points for Strathcona Resources. This data is based on the latest available financial reporting cycle.