BICO Group Pink Sheet Forecast - Naive Prediction
| BCCOY Stock | USD 0.54 0.00 0.00% |
BICO Pink Sheet outlook is based on your current time horizon.
The relative strength index (RSI) of BICO Group's share price is below 30 at this time suggesting that the pink sheet is becoming oversold or undervalued. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling BICO Group AB, making its price go up or down. Momentum 28
Sell Stretched
Oversold | Overbought |
Using BICO Group hype-based prediction, you can estimate the value of BICO Group AB from the perspective of BICO Group response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of BICO Group AB on the next trading day is expected to be 0.50 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.03. BICO Group after-hype prediction price | USD 0.54 |
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 pink sheet price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
BICO |
BICO Group Additional Predictive Modules
Most predictive techniques to examine BICO price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for BICO using various technical indicators. When you analyze BICO 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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
BICO Group Naive Prediction Price Forecast For the 28th of January
Given 90 days horizon, the Naive Prediction forecasted value of BICO Group AB on the next trading day is expected to be 0.50 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0005, and the sum of the absolute errors of 1.03.Please note that although there have been many attempts to predict BICO Pink Sheet 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 BICO Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
BICO Group Pink Sheet Forecast Pattern
| Backtest BICO Group | BICO Group Price Prediction | Buy or Sell Advice |
BICO Group Forecasted Value
In the context of forecasting BICO Group's Pink Sheet 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. BICO Group's downside and upside margins for the forecasting period are 0.01 and 4.21, respectively. We have considered BICO Group'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.
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 BICO Group pink sheet data series using in forecasting. Note that when a statistical model is used to represent BICO Group pink sheet, 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 | 110.5232 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0169 |
| MAPE | Mean absolute percentage error | 0.0283 |
| SAE | Sum of the absolute errors | 1.0336 |
Predictive Modules for BICO Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BICO Group AB. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.BICO Group After-Hype Price Density Analysis
As far as predicting the price of BICO Group at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in BICO Group or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Pink Sheet prices, such as prices of BICO Group, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
BICO Group Estimiated After-Hype Price Volatility
In the context of predicting BICO Group's pink sheet value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on BICO Group's historical news coverage. BICO Group's after-hype downside and upside margins for the prediction period are 0.03 and 4.22, respectively. We have considered BICO Group's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
BICO Group is abnormally volatile at this time. Analysis and calculation of next after-hype price of BICO Group AB is based on 3 months time horizon.
BICO Group Pink Sheet Price Outlook Analysis
Have you ever been surprised when a price of a Company such as BICO Group is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading BICO Group backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Pink Sheet price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with BICO Group, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.45 | 3.71 | 0.00 | 0.01 | 0 Events / Month | 2 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.54 | 0.54 | 0.00 |
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BICO Group Hype Timeline
BICO Group AB is currently traded for 0.54. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.01. BICO is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is currently at -0.45%. %. The volatility of related hype on BICO Group is about 16863.64%, with the expected price after the next announcement by competition of 0.53. The company has price-to-book (P/B) ratio of 0.63. Some equities with similar Price to Book (P/B) outperform the market in the long run. BICO Group AB had not issued any dividends in recent years. Assuming the 90 days horizon the next estimated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of BICO Group to cross-verify your projections.BICO Group Related Hype Analysis
Having access to credible news sources related to BICO Group's direct competition is more important than ever and may enhance your ability to predict BICO Group's future price movements. Getting to know how BICO Group's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how BICO Group may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| BRIBF | Brii Biosciences Limited | 0.00 | 0 per month | 0.00 | (0.15) | 0.00 | 0.00 | 20.83 | |
| VMTHF | Venus Medtech | (0.11) | 4 per month | 0.00 | (0.22) | 0.00 | 0.00 | 10.00 | |
| CYBQF | CYBERDYNE | 0.00 | 0 per month | 0.00 | 0.01 | 0.00 | 0.00 | 29.63 | |
| WLDFF | Wildflower Brands | (0.11) | 8 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| PXMBF | Paxman AB | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NDTP | NDT Pharmaceuticals | 0.00 | 0 per month | 12.58 | 0.07 | 40.91 | (23.73) | 123.04 | |
| MLLCF | Molecular Partners AG | 0.00 | 0 per month | 0.00 | (0.11) | 0.00 | 0.00 | 28.86 | |
| NGENF | NervGen Pharma Corp | 0.00 | 0 per month | 3.19 | 0.14 | 11.62 | (5.90) | 31.61 | |
| YOURF | YourWay Cannabis Brands | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| ACMLF | Ascom Holding AG | 0.00 | 0 per month | 0.00 | (0.25) | 0.00 | 0.00 | 6.46 |
Other Forecasting Options for BICO Group
For every potential investor in BICO, whether a beginner or expert, BICO Group's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BICO Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BICO. Basic forecasting techniques help filter out the noise by identifying BICO Group's price trends.BICO Group 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 BICO Group pink sheet to make a market-neutral strategy. Peer analysis of BICO Group could also be used in its relative valuation, which is a method of valuing BICO Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BICO Group Market Strength Events
Market strength indicators help investors to evaluate how BICO Group pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BICO Group shares will generate the highest return on investment. By undertsting and applying BICO Group pink sheet market strength indicators, traders can identify BICO Group AB entry and exit signals to maximize returns.
BICO Group Risk Indicators
The analysis of BICO Group'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 BICO Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bico pink sheet 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 | 1.24 | |||
| Standard Deviation | 3.6 | |||
| Variance | 12.96 |
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.
Story Coverage note for BICO Group
The number of cover stories for BICO Group depends on current market conditions and BICO Group's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that BICO Group is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about BICO Group's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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BICO Group Short Properties
BICO Group's future price predictability will typically decrease when BICO Group's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of BICO Group AB often depends not only on the future outlook of the potential BICO Group's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. BICO Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 62.1 M | |
| Short Long Term Debt | 5 M |
Additional Tools for BICO Pink Sheet Analysis
When running BICO Group's price analysis, check to measure BICO Group'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 BICO Group is operating at the current time. Most of BICO Group's value examination focuses on studying past and present price action to predict the probability of BICO Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BICO Group's price. Additionally, you may evaluate how the addition of BICO Group to your portfolios can decrease your overall portfolio volatility.