Championx Corp Stock Forecast - Naive Prediction

CHX
 Stock
  

USD 22.28  0.39  1.78%   

Championx Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Championx Corp historical stock prices and determine the direction of Championx Corp's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Championx Corp historical fundamentals such as revenue growth or operating cash flow patterns. Although Championx Corp naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Championx Corp systematic risk associated with finding meaningful patterns of Championx Corp fundamentals over time.
Continue to Historical Fundamental Analysis of Championx Corp to cross-verify your projections.
  
Championx Corp PPandE Turnover is fairly stable at the moment as compared to the past year. Championx Corp reported PPandE Turnover of 3.77 in 2021. Receivables Turnover is likely to rise to 5.88 in 2022, whereas Inventory Turnover is likely to drop 4.22 in 2022. . Weighted Average Shares is likely to drop to about 169.7 M in 2022. Weighted Average Shares Diluted is likely to drop to about 174 M in 2022.

Open Interest Agains t 2022-08-19 Championx Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Championx Corp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Championx Corp's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Championx Corp stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Championx Corp's open interest, investors have to compare it to Championx Corp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Championx Corp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Championx. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Championx Corp cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Championx Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Championx Corp's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Championx Corp is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Championx Corp 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.

Championx Corp Naive Prediction Price Forecast For the 13th of August 2022

Given 90 days horizon, the Naive Prediction forecasted value of Championx Corp on the next trading day is expected to be 20.56 with a mean absolute deviation of 0.67, mean absolute percentage error of 0.68, and the sum of the absolute errors of 41.07.
Please note that although there have been many attempts to predict Championx Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Championx Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Championx Corp Stock Forecast Pattern

Backtest Championx CorpChampionx Corp Price PredictionBuy or Sell Advice 

Championx Corp Forecasted Value

In the context of forecasting Championx Corp's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Championx Corp's downside and upside margins for the forecasting period are 17.22 and 23.90, respectively. We have considered Championx Corp's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value 22.28
20.56
Expected Value
23.90
Upside

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 Championx Corp stock data series using in forecasting. Note that when a statistical model is used to represent Championx Corp 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.
AICAkaike Information Criteria117.7272
BiasArithmetic mean of the errors None
MADMean absolute deviation0.6733
MAPEMean absolute percentage error0.0322
SAESum of the absolute errors41.0729
This model is not at all useful as a medium-long range forecasting tool of Championx Corp. 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 Championx Corp. 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 Championx Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Championx Corp. Regardless of method or technology, however, to accurately forecast the stock or bond 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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Championx Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Championx Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
18.9322.2725.61
Details
Intrinsic
Valuation
LowReal ValueHigh
20.4823.8227.16
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.4419.8422.24
Details
7 Analysts
Consensus
LowTarget PriceHigh
25.0029.2935.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Championx Corp. Your research has to be compared to or analyzed against Championx Corp's peers to derive any actionable benefits. When done correctly, Championx Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Championx Corp.

Other Forecasting Options for Championx Corp

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

Championx Corp Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Championx Corp stock to make a market-neutral strategy. Peer analysis of Championx Corp could also be used in its relative valuation, which is a method of valuing Championx Corp by comparing valuation metrics with similar companies.
Baker Hughes ANational CinemediaAlphabet Cl AIntel CorpGeneral ElectricWalt DisneyVerizon CommunicationsThe Travelers CompaniesATT IncInternational BusinessAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPERGX Nasdaq-100 Covered
 Risk & Return  Correlation

Championx Corp 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 Championx Corp'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 Championx Corp's current price.

Championx Corp Risk Indicators

The analysis of Championx Corp's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Championx Corp's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Championx Corp stock price, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Championx Corp Investors Sentiment

The influence of Championx Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Championx. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Championx Corp's public news can be used to forecast risks associated with investment in Championx. The trend in average sentiment can be used to explain how an investor holding Championx can time the market purely based on public headlines and social activities around Championx Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Championx Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Championx Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Championx Corp's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Championx Corp.

Championx Corp Implied Volatility

    
  58.05  
Championx Corp's implied volatility exposes the market's sentiment of Championx Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Championx Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Championx Corp stock will not fluctuate a lot when Championx Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Championx Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Championx Corp's short interest history, or implied volatility extrapolated from Championx Corp options trading.

Pair Trading with Championx Corp

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 Championx Corp 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 Championx Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Championx Corp

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0.82MTRXMatrix Service Fiscal Year End 12th of September 2022 PairCorr
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0.87CVECenovus Energy Potential GrowthPairCorr
The ability to find closely correlated positions to Championx Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Championx Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Championx Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Championx Corp to buy it.
The correlation of Championx Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Championx Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Championx Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Championx Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Historical Fundamental Analysis of Championx Corp to cross-verify your projections. Note that the Championx Corp information on this page should be used as a complementary analysis to other Championx Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Complementary Tools for Championx Stock analysis

When running Championx Corp price analysis, check to measure Championx Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Championx Corp is operating at the current time. Most of Championx Corp's value examination focuses on studying past and present price action to predict the probability of Championx Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Championx Corp's price. Additionally, you may evaluate how the addition of Championx Corp to your portfolios can decrease your overall portfolio volatility.
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Is Championx Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Championx Corp. If investors know Championx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Championx Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
3.33
Market Capitalization
4.4 B
Quarterly Revenue Growth YOY
0.25
Return On Assets
0.0502
Return On Equity
0.0982
The market value of Championx Corp is measured differently than its book value, which is the value of Championx that is recorded on the company's balance sheet. Investors also form their own opinion of Championx Corp's value that differs from its market value or its book value, called intrinsic value, which is Championx Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Championx Corp's market value can be influenced by many factors that don't directly affect Championx Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Championx Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Championx Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Championx Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.