Abitibi Metals OTC Stock Forecast - Simple Exponential Smoothing
| AMQFF Stock | 0.28 0.01 3.70% |
Abitibi |
Abitibi Metals Simple Exponential Smoothing Price Forecast For the 25th of December
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Abitibi Metals Corp on the next trading day is expected to be 0.28 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0002, and the sum of the absolute errors of 0.53.Please note that although there have been many attempts to predict Abitibi 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 Abitibi Metals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Abitibi Metals OTC Stock Forecast Pattern
Abitibi Metals Forecasted Value
In the context of forecasting Abitibi Metals' 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. Abitibi Metals' downside and upside margins for the forecasting period are 0 and 5.36, respectively. We have considered Abitibi Metals' 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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Abitibi Metals otc stock data series using in forecasting. Note that when a statistical model is used to represent Abitibi Metals 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.| AIC | Akaike Information Criteria | 107.4895 |
| Bias | Arithmetic mean of the errors | -8.0E-4 |
| MAD | Mean absolute deviation | 0.0088 |
| MAPE | Mean absolute percentage error | 0.0354 |
| SAE | Sum of the absolute errors | 0.529 |
Predictive Modules for Abitibi Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Abitibi Metals Corp. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as Abitibi Metals. Your research has to be compared to or analyzed against Abitibi Metals' peers to derive any actionable benefits. When done correctly, Abitibi Metals' 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 Abitibi Metals Corp.Other Forecasting Options for Abitibi Metals
For every potential investor in Abitibi, whether a beginner or expert, Abitibi Metals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Abitibi OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Abitibi. Basic forecasting techniques help filter out the noise by identifying Abitibi Metals' price trends.Abitibi Metals 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 Abitibi Metals otc stock to make a market-neutral strategy. Peer analysis of Abitibi Metals could also be used in its relative valuation, which is a method of valuing Abitibi Metals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Abitibi Metals Corp 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 Abitibi Metals' 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 Abitibi Metals' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Abitibi Metals Market Strength Events
Market strength indicators help investors to evaluate how Abitibi Metals 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 Abitibi Metals shares will generate the highest return on investment. By undertsting and applying Abitibi Metals otc stock market strength indicators, traders can identify Abitibi Metals Corp entry and exit signals to maximize returns.
Abitibi Metals Risk Indicators
The analysis of Abitibi Metals' 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 Abitibi Metals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting abitibi 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.
| Mean Deviation | 4.19 | |||
| Semi Deviation | 4.2 | |||
| Standard Deviation | 5.63 | |||
| Variance | 31.73 | |||
| Downside Variance | 45.71 | |||
| Semi Variance | 17.66 | |||
| Expected Short fall | (6.84) |
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.