Elisa Oyj OTC Stock Forecast - Simple Regression
| ELMUY Stock | USD 21.10 0.09 0.43% |
The Simple Regression forecasted value of Elisa Oyj on the next trading day is expected to be 22.52 with a mean absolute deviation of 1.01 and the sum of the absolute errors of 61.74. Elisa OTC Stock Forecast is based on your current time horizon.
At this time the value of rsi of Elisa Oyj's share price is below 20 suggesting that the otc stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
It is a matter of debate whether otc price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Elisa Oyj based on different types of headlines from major news networks to social media. Using Elisa Oyj hype-based prediction, you can estimate the value of Elisa Oyj from the perspective of Elisa Oyj response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Elisa Oyj on the next trading day is expected to be 22.52 with a mean absolute deviation of 1.01 and the sum of the absolute errors of 61.74. Elisa Oyj after-hype prediction price | USD 21.1 |
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 otc price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Elisa |
Elisa Oyj Additional Predictive Modules
Most predictive techniques to examine Elisa price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Elisa using various technical indicators. When you analyze Elisa 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 |
Elisa Oyj Simple Regression Price Forecast For the 26th of January
Given 90 days horizon, the Simple Regression forecasted value of Elisa Oyj on the next trading day is expected to be 22.52 with a mean absolute deviation of 1.01, mean absolute percentage error of 2.05, and the sum of the absolute errors of 61.74.Please note that although there have been many attempts to predict Elisa 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 Elisa Oyj's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Elisa Oyj OTC Stock Forecast Pattern
| Backtest Elisa Oyj | Elisa Oyj Price Prediction | Buy or Sell Advice |
Elisa Oyj Forecasted Value
In the context of forecasting Elisa Oyj's 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. Elisa Oyj's downside and upside margins for the forecasting period are 17.07 and 27.96, respectively. We have considered Elisa Oyj'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Elisa Oyj otc stock data series using in forecasting. Note that when a statistical model is used to represent Elisa Oyj 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 | 118.8294 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0122 |
| MAPE | Mean absolute percentage error | 0.0432 |
| SAE | Sum of the absolute errors | 61.7447 |
Predictive Modules for Elisa Oyj
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elisa Oyj. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elisa Oyj's 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.
Elisa Oyj After-Hype Price Prediction Density Analysis
As far as predicting the price of Elisa Oyj 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 Elisa Oyj 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 OTC Stock prices, such as prices of Elisa Oyj, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Elisa Oyj Estimiated After-Hype Price Volatility
In the context of predicting Elisa Oyj's otc stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Elisa Oyj's historical news coverage. Elisa Oyj's after-hype downside and upside margins for the prediction period are 15.61 and 26.59, respectively. We have considered Elisa Oyj'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
Elisa Oyj is somewhat reliable at this time. Analysis and calculation of next after-hype price of Elisa Oyj is based on 3 months time horizon.
Elisa Oyj OTC Stock Price Prediction Analysis
Have you ever been surprised when a price of a OTC Stock such as Elisa Oyj is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Elisa Oyj 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 OTC 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 Elisa Oyj, 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 |
0.04 | 5.45 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
21.10 | 21.10 | 0.00 |
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Elisa Oyj Hype Timeline
Elisa Oyj is currently traded for 21.10. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Elisa is anticipated 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 anticipated to be very small, whereas the daily expected return is currently at 0.04%. %. The volatility of related hype on Elisa Oyj is about 0.0%, with the expected price after the next announcement by competition of 21.10. The company last dividend was issued on the 5th of May 2022. Assuming the 90 days horizon the next anticipated press release will be in a few days. Check out Historical Fundamental Analysis of Elisa Oyj to cross-verify your projections.Elisa Oyj Related Hype Analysis
Having access to credible news sources related to Elisa Oyj's direct competition is more important than ever and may enhance your ability to predict Elisa Oyj's future price movements. Getting to know how Elisa Oyj'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 Elisa Oyj may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| VODAF | Vodacom Group Limited | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| HLTOY | Hellenic Telecommunications Org | 0.00 | 0 per month | 1.13 | 0.04 | 2.63 | (2.39) | 6.81 | |
| VDMCY | Vodacom Group Ltd | 0.00 | 0 per month | 1.26 | 0.13 | 2.92 | (2.46) | 6.85 | |
| AAFRF | Airtel Africa Plc | 0.00 | 0 per month | 1.63 | 0.20 | 5.17 | (3.56) | 26.15 | |
| TLSNF | Telia Company AB | 0.00 | 0 per month | 0.00 | 0.12 | 1.34 | 0.00 | 6.20 | |
| TLSNY | Telia Company AB | 0.00 | 0 per month | 0.67 | 0.14 | 2.49 | (1.49) | 10.40 | |
| MTNOF | MTN Group Limited | 0.00 | 0 per month | 0.00 | 0.13 | 0.00 | 0.00 | 12.35 | |
| TIAIY | Telecom Italia SpA | 0.00 | 0 per month | 1.05 | 0.1 | 4.73 | (2.23) | 15.20 | |
| TIAJF | Telecom Italia SpA | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| BCEPF | BCE Inc | 0.00 | 0 per month | 0.00 | 0.08 | 0.62 | 0.00 | 5.04 |
Other Forecasting Options for Elisa Oyj
For every potential investor in Elisa, whether a beginner or expert, Elisa Oyj's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Elisa OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Elisa. Basic forecasting techniques help filter out the noise by identifying Elisa Oyj's price trends.Elisa Oyj 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 Elisa Oyj otc stock to make a market-neutral strategy. Peer analysis of Elisa Oyj could also be used in its relative valuation, which is a method of valuing Elisa Oyj by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Elisa Oyj Market Strength Events
Market strength indicators help investors to evaluate how Elisa Oyj 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 Elisa Oyj shares will generate the highest return on investment. By undertsting and applying Elisa Oyj otc stock market strength indicators, traders can identify Elisa Oyj entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 21.1 | |||
| Day Typical Price | 21.1 | |||
| Price Action Indicator | 0.045 | |||
| Period Momentum Indicator | 0.09 |
Elisa Oyj Risk Indicators
The analysis of Elisa Oyj'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 Elisa Oyj's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting elisa 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 | 2.76 | |||
| Standard Deviation | 5.5 | |||
| Variance | 30.26 |
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 Elisa Oyj
The number of cover stories for Elisa Oyj depends on current market conditions and Elisa Oyj's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Elisa Oyj 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 Elisa Oyj'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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Elisa Oyj Short Properties
Elisa Oyj's future price predictability will typically decrease when Elisa Oyj's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Elisa Oyj often depends not only on the future outlook of the potential Elisa Oyj'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. Elisa Oyj's indicators that are reflective of the short sentiment are summarized in the table below.
| Dividends Paid | 310.9 M | |
| Shares Float | 217.1 M |
Additional Tools for Elisa OTC Stock Analysis
When running Elisa Oyj's price analysis, check to measure Elisa Oyj'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 Elisa Oyj is operating at the current time. Most of Elisa Oyj's value examination focuses on studying past and present price action to predict the probability of Elisa Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elisa Oyj's price. Additionally, you may evaluate how the addition of Elisa Oyj to your portfolios can decrease your overall portfolio volatility.