Edenred Malakoff Pink Sheet Forecast - Naive Prediction
| EDNMY Stock | USD 10.90 0.20 1.87% |
The Naive Prediction forecasted value of Edenred Malakoff ADR on the next trading day is expected to be 9.25 with a mean absolute deviation of 0.54 and the sum of the absolute errors of 33.08. Edenred Pink Sheet Forecast is based on your current time horizon.
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Edenred Malakoff Naive Prediction Price Forecast For the 29th of December
Given 90 days horizon, the Naive Prediction forecasted value of Edenred Malakoff ADR on the next trading day is expected to be 9.25 with a mean absolute deviation of 0.54, mean absolute percentage error of 0.42, and the sum of the absolute errors of 33.08.Please note that although there have been many attempts to predict Edenred 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 Edenred Malakoff's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Edenred Malakoff Pink Sheet Forecast Pattern
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Edenred Malakoff Forecasted Value
In the context of forecasting Edenred Malakoff'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. Edenred Malakoff's downside and upside margins for the forecasting period are 5.68 and 12.81, respectively. We have considered Edenred Malakoff'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 Edenred Malakoff pink sheet data series using in forecasting. Note that when a statistical model is used to represent Edenred Malakoff 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 | 117.2489 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5422 |
| MAPE | Mean absolute percentage error | 0.0443 |
| SAE | Sum of the absolute errors | 33.076 |
Predictive Modules for Edenred Malakoff
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Edenred Malakoff ADR. 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 Edenred Malakoff
For every potential investor in Edenred, whether a beginner or expert, Edenred Malakoff's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Edenred Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Edenred. Basic forecasting techniques help filter out the noise by identifying Edenred Malakoff's price trends.Edenred Malakoff 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 Edenred Malakoff pink sheet to make a market-neutral strategy. Peer analysis of Edenred Malakoff could also be used in its relative valuation, which is a method of valuing Edenred Malakoff by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Edenred Malakoff ADR 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 Edenred Malakoff'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 Edenred Malakoff's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Edenred Malakoff Market Strength Events
Market strength indicators help investors to evaluate how Edenred Malakoff 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 Edenred Malakoff shares will generate the highest return on investment. By undertsting and applying Edenred Malakoff pink sheet market strength indicators, traders can identify Edenred Malakoff ADR entry and exit signals to maximize returns.
Edenred Malakoff Risk Indicators
The analysis of Edenred Malakoff'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 Edenred Malakoff's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting edenred 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 | 2.35 | |||
| Standard Deviation | 3.53 | |||
| Variance | 12.44 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Edenred Pink Sheet Analysis
When running Edenred Malakoff's price analysis, check to measure Edenred Malakoff'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 Edenred Malakoff is operating at the current time. Most of Edenred Malakoff's value examination focuses on studying past and present price action to predict the probability of Edenred Malakoff's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edenred Malakoff's price. Additionally, you may evaluate how the addition of Edenred Malakoff to your portfolios can decrease your overall portfolio volatility.