Cannabis Global Pink Sheet Forecast - Polynomial Regression
| CBGL Stock | USD 0.0001 0.00 0.00% |
The Polynomial Regression forecasted value of Cannabis Global on the next trading day is expected to be 0.000081 with a mean absolute deviation of 0.000022 and the sum of the absolute errors of 0. Cannabis Pink Sheet Forecast is based on your current time horizon.
Cannabis |
Cannabis Global Polynomial Regression Price Forecast For the 25th of November
Given 90 days horizon, the Polynomial Regression forecasted value of Cannabis Global on the next trading day is expected to be 0.000081 with a mean absolute deviation of 0.000022, mean absolute percentage error of 0, and the sum of the absolute errors of 0.Please note that although there have been many attempts to predict Cannabis 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 Cannabis Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cannabis Global Pink Sheet Forecast Pattern
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Cannabis Global Forecasted Value
In the context of forecasting Cannabis Global'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. Cannabis Global's downside and upside margins for the forecasting period are 0.000001 and 296.21, respectively. We have considered Cannabis Global'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Cannabis Global pink sheet data series using in forecasting. Note that when a statistical model is used to represent Cannabis Global 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 | 97.6848 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 9.223372036854776E14 |
| SAE | Sum of the absolute errors | 0.0013 |
Predictive Modules for Cannabis Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cannabis Global. 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.Other Forecasting Options for Cannabis Global
For every potential investor in Cannabis, whether a beginner or expert, Cannabis Global's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cannabis Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cannabis. Basic forecasting techniques help filter out the noise by identifying Cannabis Global's price trends.View Cannabis Global Related Equities
| Risk & Return | Correlation |
Cannabis Global Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Cannabis Global'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 Cannabis Global's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
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| Volume Indicators |
Cannabis Global Market Strength Events
Market strength indicators help investors to evaluate how Cannabis Global 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 Cannabis Global shares will generate the highest return on investment. By undertsting and applying Cannabis Global pink sheet market strength indicators, traders can identify Cannabis Global entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.0E-4 | |||
| Day Typical Price | 1.0E-4 | |||
| Relative Strength Index | 26.64 |
Cannabis Global Risk Indicators
The analysis of Cannabis Global'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 Cannabis Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cannabis 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 | 3.01 | |||
| Standard Deviation | 13.85 | |||
| Variance | 191.72 |
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.
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Cannabis Global financial ratios help investors to determine whether Cannabis Pink Sheet 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 Cannabis with respect to the benefits of owning Cannabis Global security.