Brickworks Pink Sheet Forecast - Naive Prediction
| BRKWFDelisted Stock | USD 17.61 0.00 0.00% |
The Naive Prediction forecasted value of Brickworks Limited on the next trading day is expected to be 17.54 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.25. Brickworks Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Brickworks' historical fundamentals, such as revenue growth or operating cash flow patterns.
Brickworks |
Brickworks Naive Prediction Price Forecast For the 1st of January
Given 90 days horizon, the Naive Prediction forecasted value of Brickworks Limited on the next trading day is expected to be 17.54 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.25.Please note that although there have been many attempts to predict Brickworks 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 Brickworks' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Brickworks Pink Sheet Forecast Pattern
| Backtest Brickworks | Brickworks Price Prediction | Buy or Sell Advice |
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 Brickworks pink sheet data series using in forecasting. Note that when a statistical model is used to represent Brickworks 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 | 112.1878 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0369 |
| MAPE | Mean absolute percentage error | 0.0021 |
| SAE | Sum of the absolute errors | 2.2493 |
Predictive Modules for Brickworks
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Brickworks Limited. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brickworks' 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.
Brickworks 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 Brickworks pink sheet to make a market-neutral strategy. Peer analysis of Brickworks could also be used in its relative valuation, which is a method of valuing Brickworks by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Brickworks Market Strength Events
Market strength indicators help investors to evaluate how Brickworks 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 Brickworks shares will generate the highest return on investment. By undertsting and applying Brickworks pink sheet market strength indicators, traders can identify Brickworks Limited entry and exit signals to maximize returns.
Brickworks Risk Indicators
The analysis of Brickworks' 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 Brickworks' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting brickworks 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 | 0.0535 | |||
| Standard Deviation | 0.2206 | |||
| Variance | 0.0487 |
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.
Currently Active Assets on Macroaxis
| DD | Dupont De Nemours | |
| CRDO | Credo Technology Group | |
| GOOG | Alphabet Inc Class C | |
| BAC | Bank of America | |
| CRM | Salesforce |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Other Consideration for investing in Brickworks Pink Sheet
If you are still planning to invest in Brickworks Limited check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Brickworks' history and understand the potential risks before investing.
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |