Acorn Energy OTC Stock Forecast - Simple Regression

ACFN Stock  USD 18.88  0.75  4.14%   
The Simple Regression forecasted value of Acorn Energy Common on the next trading day is expected to be 16.31 with a mean absolute deviation of 3.12 and the sum of the absolute errors of 190.44. Acorn OTC Stock Forecast is based on your current time horizon.
As of today the value of rsi of Acorn Energy's share price is below 20 . This suggests that the otc stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards.

Momentum 0

 Sell Peaked

 
Oversold
 
Overbought
Acorn Energy Common stock price prediction is an act of determining the future value of Acorn Energy shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Acorn Energy's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Acorn Energy and does not consider all of the tangible or intangible factors available from Acorn Energy's fundamental data. We analyze noise-free headlines and recent hype associated with Acorn Energy Common, which may create opportunities for some arbitrage if properly timed.
It is a matter of debate whether otc price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Acorn Energy based on different types of headlines from major news networks to social media. Using Acorn Energy hype-based prediction, you can estimate the value of Acorn Energy Common from the perspective of Acorn Energy response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Acorn Energy Common on the next trading day is expected to be 16.31 with a mean absolute deviation of 3.12 and the sum of the absolute errors of 190.44.

Acorn Energy after-hype prediction price

    
  USD 17.59  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as otc price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Historical Fundamental Analysis of Acorn Energy to cross-verify your projections.

Acorn Energy Additional Predictive Modules

Most predictive techniques to examine Acorn price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Acorn using various technical indicators. When you analyze Acorn charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Simple Regression model is a single variable regression model that attempts to put a straight line through Acorn Energy price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Acorn Energy Simple Regression Price Forecast For the 23rd of January

Given 90 days horizon, the Simple Regression forecasted value of Acorn Energy Common on the next trading day is expected to be 16.31 with a mean absolute deviation of 3.12, mean absolute percentage error of 12.68, and the sum of the absolute errors of 190.44.
Please note that although there have been many attempts to predict Acorn OTC 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 Acorn Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Acorn Energy OTC Stock Forecast Pattern

Backtest Acorn EnergyAcorn Energy Price PredictionBuy or Sell Advice 

Acorn Energy Forecasted Value

In the context of forecasting Acorn Energy's OTC 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. Acorn Energy's downside and upside margins for the forecasting period are 8.68 and 23.94, respectively. We have considered Acorn Energy'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
18.88
16.31
Expected Value
23.94
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Acorn Energy otc stock data series using in forecasting. Note that when a statistical model is used to represent Acorn Energy otc 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 Criteria120.6508
BiasArithmetic mean of the errors None
MADMean absolute deviation3.122
MAPEMean absolute percentage error0.1775
SAESum of the absolute errors190.4432
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Acorn Energy Common historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Acorn 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 Acorn Energy Common. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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
LowEstimatedHigh
9.9617.5925.22
Details
Intrinsic
Valuation
LowRealHigh
7.9315.5623.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Acorn Energy. Your research has to be compared to or analyzed against Acorn Energy's peers to derive any actionable benefits. When done correctly, Acorn 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 Acorn Energy Common.

Other Forecasting Options for Acorn Energy

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

Acorn Energy 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 Acorn Energy otc stock to make a market-neutral strategy. Peer analysis of Acorn Energy could also be used in its relative valuation, which is a method of valuing Acorn Energy by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Acorn Energy Common Technical and Predictive Analytics

The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Acorn 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 Acorn Energy's current price.

Acorn Energy Market Strength Events

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

Acorn Energy Risk Indicators

The analysis of Acorn Energy's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Acorn Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting acorn otc stock prices, 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 investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Pair Trading with Acorn 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 Acorn 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 Acorn Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Acorn OTC Stock

  0.69DVNHF Frontier ServicesPairCorr
  0.63SOHOO Sotherly Hotels PrefPairCorr
  0.56HAVLF HAVN Life SciencesPairCorr
  0.54ROL RollinsPairCorr
  0.52WEGZY WEG SA ADRPairCorr
The ability to find closely correlated positions to Acorn Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acorn Energy 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 Acorn Energy - 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 Acorn Energy Common to buy it.
The correlation of Acorn Energy is a statistical measure of how it moves in relation to other instruments. 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 Acorn Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acorn Energy Common 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 Acorn Energy 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

Other Information on Investing in Acorn OTC Stock

Acorn Energy financial ratios help investors to determine whether Acorn OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Acorn with respect to the benefits of owning Acorn Energy security.