Sitio Royalties Stock Forecast - Polynomial Regression

STR
 Stock
  

USD 29.12  0.26  0.88%   

Sitio Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sitio Royalties historical stock prices and determine the direction of Sitio Royalties 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 Sitio Royalties historical fundamentals such as revenue growth or operating cash flow patterns. Although Sitio Royalties naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Sitio Royalties Corp systematic risk associated with finding meaningful patterns of Sitio Royalties fundamentals over time.
Additionally, take a look at Historical Fundamental Analysis of Sitio Royalties to cross-verify your projections.
  
Sitio Royalties Inventory Turnover is relatively stable at the moment as compared to the past year. Sitio Royalties reported last year Inventory Turnover of 5.56. As of 12/09/2022, Accounts Payable Turnover is likely to grow to 33.21, while PPandE Turnover is likely to drop 0.29. . As of 12/09/2022, Weighted Average Shares is likely to drop to about 38.2 M. In addition to that, Weighted Average Shares Diluted is likely to drop to about 38.2 M.
Most investors in Sitio Royalties 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 Sitio Royalties' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Sitio Royalties' price structures and extracts relationships that further increase the generated results' accuracy.
Sitio Royalties polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Sitio Royalties Corp as well as the accuracy indicators are determined from the period prices.

Sitio Royalties Polynomial Regression Price Forecast For the 10th of December

Given 90 days horizon, the Polynomial Regression forecasted value of Sitio Royalties Corp on the next trading day is expected to be 29.05 with a mean absolute deviation of 0.65, mean absolute percentage error of 0.65, and the sum of the absolute errors of 39.73.
Please note that although there have been many attempts to predict Sitio 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 Sitio Royalties' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Sitio Royalties Stock Forecast Pattern

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Sitio Royalties Forecasted Value

In the context of forecasting Sitio Royalties' 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. Sitio Royalties' downside and upside margins for the forecasting period are 26.33 and 31.77, respectively. We have considered Sitio Royalties' 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 29.12
29.05
Expected Value
31.77
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Sitio Royalties stock data series using in forecasting. Note that when a statistical model is used to represent Sitio Royalties 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 Criteria117.6797
BiasArithmetic mean of the errors None
MADMean absolute deviation0.6514
MAPEMean absolute percentage error0.0245
SAESum of the absolute errors39.7342
A single variable polynomial regression model attempts to put a curve through the Sitio Royalties historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Sitio Royalties

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sitio Royalties 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 Sitio Royalties' 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 Sitio Royalties in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
26.4129.1331.85
Details
Intrinsic
Valuation
LowReal ValueHigh
24.3127.0329.75
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28.8730.8532.84
Details
4 Analysts
Consensus
LowTarget PriceHigh
19.0023.0025.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sitio Royalties. Your research has to be compared to or analyzed against Sitio Royalties' peers to derive any actionable benefits. When done correctly, Sitio Royalties' 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 Sitio Royalties Corp.

Other Forecasting Options for Sitio Royalties

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

Sitio Royalties 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 Sitio Royalties stock to make a market-neutral strategy. Peer analysis of Sitio Royalties could also be used in its relative valuation, which is a method of valuing Sitio Royalties by comparing valuation metrics with similar companies.
MicrosoftAmazon IncBerkshire Hathaway3M CompanyAMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEANBHP Group LimitedNatural Health TrendIShares MSCI USABetaPro Canadian GoldAramark HoldingsVanguard Long-Term
 Risk & Return  Correlation

Sitio Royalties 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 Sitio Royalties' 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 Sitio Royalties' current price.

Sitio Royalties Market Strength Events

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

Sitio Royalties Risk Indicators

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sitio Royalties without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, take a look at Historical Fundamental Analysis of Sitio Royalties to cross-verify your projections. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Sitio Royalties' 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 Sitio Royalties. If investors know Sitio 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 Sitio Royalties listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
2.5 B
Quarterly Revenue Growth YOY
2.426
Return On Assets
0.063
Return On Equity
0.2936
The market value of Sitio Royalties Corp is measured differently than its book value, which is the value of Sitio that is recorded on the company's balance sheet. Investors also form their own opinion of Sitio Royalties' value that differs from its market value or its book value, called intrinsic value, which is Sitio Royalties' 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 Sitio Royalties' market value can be influenced by many factors that don't directly affect Sitio Royalties' 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 Sitio Royalties' value and its price as these two are different measures arrived at by different means. Investors typically determine Sitio Royalties value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sitio Royalties' 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.