Ranger Energy Stock Forecast - Naive Prediction

Ranger Energy Cash Forecast

A naive forecasting model for Ranger Energy is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Ranger Energy Services value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Ranger Energy Naive Prediction Price Forecast For the 21st of November

Given 90 days horizon, the Naive Prediction forecasted value of Ranger Energy Services on the next trading day is expected to be 15.79 with a mean absolute deviation of 0.24, mean absolute percentage error of 0.09, and the sum of the absolute errors of 14.85.

Ranger Energy Stock Forecast Pattern

Backtest Ranger Energy

Ranger Energy Price Prediction

Buy or Sell Advice

Ranger Energy Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Ranger Energy stock data series using in forecasting. Note that when a statistical model is used to represent Ranger Energy 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. This model is not at all useful as a medium-long range forecasting tool of Ranger Energy Services. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Ranger Energy. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Ranger Energy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ranger Energy Services. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 13.60 15.33 17.06 Details

Intrinsic Valuation Low Real High 14.30 16.03 17.76 Details

2 Analysts Consensus Low Target High 13.65 15.00 16.65 Details

Earnings Estimates (0) Low Projected EPS High 0.14 0.19 0.14 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ranger Energy. Your research has to be compared to or analyzed against Ranger Energy's peers to derive any actionable benefits. When done correctly, Ranger Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ranger Energy Services.

Other Forecasting Options for Ranger Energy

For every potential investor in Ranger, whether a beginner or expert, Ranger Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ranger Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ranger. Basic forecasting techniques help filter out the noise by identifying Ranger Energy's price trends.

Ranger Energy Related Equities

Risk & Return

Correlation

Ranger Energy Services Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Ranger Energy's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Ranger Energy's current price.

Ranger Energy Market Strength Events

Ranger Energy Risk Indicators

Pair Trading with Ranger Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ranger Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ranger Energy will appreciate offsetting losses from the drop in the long position's value.

Additional Tools for Ranger Stock Analysis