Oceaneering International Stock Forecast - Naive Prediction

OII
 Stock
  

USD 14.85  0.12  0.81%   

Oceaneering Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Oceaneering International historical stock prices and determine the direction of Oceaneering International'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 Oceaneering International historical fundamentals such as revenue growth or operating cash flow patterns. Although Oceaneering International naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Oceaneering International systematic risk associated with finding meaningful patterns of Oceaneering International fundamentals over time.
Please check Historical Fundamental Analysis of Oceaneering International to cross-verify your projections.
  
Oceaneering International Cash and Equivalents Turnover is most likely to decrease significantly in the upcoming years. The last year's value of Cash and Equivalents Turnover was reported at 3.78. The current Asset Turnover is estimated to increase to 1.00, while PPandE Turnover is projected to decrease to 3.28. . Oceaneering International Weighted Average Shares is most likely to decrease significantly in the upcoming years. The last year's value of Weighted Average Shares was reported at 99.71 Million. The current Weighted Average Shares Diluted is estimated to increase to about 112.1 M, while Issuance Purchase of Equity Shares is projected to decrease to (97.6 M).

Open Interest Agains t 2022-12-16 Oceaneering Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Oceaneering International'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 Oceaneering International's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Oceaneering International 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 Oceaneering International's open interest, investors have to compare it to Oceaneering International'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 Oceaneering International 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 Oceaneering. 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 Oceaneering International 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 Oceaneering International's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Oceaneering International's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Oceaneering International is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Oceaneering International 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.

Oceaneering International Naive Prediction Price Forecast For the 27th of November

Given 90 days horizon, the Naive Prediction forecasted value of Oceaneering International on the next trading day is expected to be 14.40 with a mean absolute deviation of 0.46, mean absolute percentage error of 0.33, and the sum of the absolute errors of 27.93.
Please note that although there have been many attempts to predict Oceaneering 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 Oceaneering International's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Oceaneering International Stock Forecast Pattern

Backtest Oceaneering InternationalOceaneering International Price PredictionBuy or Sell Advice 

Oceaneering International Forecasted Value

In the context of forecasting Oceaneering International'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. Oceaneering International's downside and upside margins for the forecasting period are 9.87 and 18.93, respectively. We have considered Oceaneering International'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 14.85
14.40
Expected Value
18.93
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 Oceaneering International stock data series using in forecasting. Note that when a statistical model is used to represent Oceaneering International 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 Criteria117.0016
BiasArithmetic mean of the errors None
MADMean absolute deviation0.4578
MAPEMean absolute percentage error0.0452
SAESum of the absolute errors27.9253
This model is not at all useful as a medium-long range forecasting tool of Oceaneering International. 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 Oceaneering International. 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 Oceaneering International

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oceaneering International. 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 Oceaneering International'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 Oceaneering International in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
10.4014.9619.52
Details
Intrinsic
Valuation
LowReal ValueHigh
12.9617.5222.08
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.4614.7315.00
Details
4 Analysts
Consensus
LowTarget PriceHigh
16.5017.3819.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Oceaneering International. Your research has to be compared to or analyzed against Oceaneering International's peers to derive any actionable benefits. When done correctly, Oceaneering International'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 Oceaneering International.

Other Forecasting Options for Oceaneering International

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

Oceaneering International 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 Oceaneering International stock to make a market-neutral strategy. Peer analysis of Oceaneering International could also be used in its relative valuation, which is a method of valuing Oceaneering International by comparing valuation metrics with similar companies.
Mplx LPMagellan MidstreamCheniere Energy PartnersAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanBhp BillitonNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondSeagate Technology Hldgs
 Risk & Return  Correlation

Oceaneering International 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 Oceaneering International'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 Oceaneering International's current price.

Oceaneering International Market Strength Events

Market strength indicators help investors to evaluate how Oceaneering International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oceaneering International shares will generate the highest return on investment. By undertsting and applying Oceaneering International stock market strength indicators, traders can identify Oceaneering International entry and exit signals to maximize returns.

Oceaneering International Risk Indicators

The analysis of Oceaneering International'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 Oceaneering International's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Oceaneering International 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.

Oceaneering International Investors Sentiment

The influence of Oceaneering International'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 Oceaneering. 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 Oceaneering International's public news can be used to forecast risks associated with investment in Oceaneering. The trend in average sentiment can be used to explain how an investor holding Oceaneering can time the market purely based on public headlines and social activities around Oceaneering International. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Oceaneering International'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 Oceaneering International'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 Oceaneering International's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Oceaneering International.
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 Oceaneering International 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, Oceaneering International's short interest history, or implied volatility extrapolated from Oceaneering International options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Oceaneering International using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check Historical Fundamental Analysis of Oceaneering International to cross-verify your projections. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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Is Oceaneering International'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 Oceaneering International. If investors know Oceaneering 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 Oceaneering International 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
(0.38) 
Market Capitalization
1.5 B
Quarterly Revenue Growth YOY
0.2
Return On Assets
0.018
Return On Equity
(0.07) 
The market value of Oceaneering International is measured differently than its book value, which is the value of Oceaneering that is recorded on the company's balance sheet. Investors also form their own opinion of Oceaneering International's value that differs from its market value or its book value, called intrinsic value, which is Oceaneering International'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 Oceaneering International's market value can be influenced by many factors that don't directly affect Oceaneering International'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 Oceaneering International's value and its price as these two are different measures arrived at by different means. Investors typically determine Oceaneering International value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oceaneering International'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.