Elray Resources Pink Sheet Forward View
| ELRA Stock | USD 0.0003 0.00 0.00% |
Elray Pink Sheet outlook is based on your current time horizon. Investors can use this forecasting interface to forecast Elray Resources stock prices and determine the direction of Elray Resources's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Elray Resources' historical fundamentals, such as revenue growth or operating cash flow patterns.
At this time, the relative strength index (RSI) of Elray Resources' share price is approaching 46 suggesting that the pink sheet is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Elray Resources, making its price go up or down. Momentum 46
Impartial
Oversold | Overbought |
Using Elray Resources hype-based prediction, you can estimate the value of Elray Resources from the perspective of Elray Resources response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Elray Resources on the next trading day is expected to be 0.0003 with a mean absolute deviation of 0.000026 and the sum of the absolute errors of 0. Elray Resources after-hype prediction price | USD 3.72E-4 |
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.
Elray |
Elray Resources Additional Predictive Modules
Most predictive techniques to examine Elray price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Elray using various technical indicators. When you analyze Elray 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 |
Elray Resources Naive Prediction Price Forecast For the 2nd of February
Given 90 days horizon, the Naive Prediction forecasted value of Elray Resources on the next trading day is expected to be 0.0003 with a mean absolute deviation of 0.000026, 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 Elray 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 Elray Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Elray Resources Pink Sheet Forecast Pattern
| Backtest Elray Resources | Elray Resources Price Prediction | Buy or Sell Advice |
Elray Resources Forecasted Value
In the context of forecasting Elray Resources' 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. Elray Resources' downside and upside margins for the forecasting period are 0.000003 and 12.71, respectively. We have considered Elray Resources' 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 Elray Resources pink sheet data series using in forecasting. Note that when a statistical model is used to represent Elray Resources 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 | 97.8052 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0713 |
| SAE | Sum of the absolute errors | 0.0016 |
Predictive Modules for Elray Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elray Resources. 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.Elray Resources After-Hype Price Density Analysis
As far as predicting the price of Elray Resources 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 Elray Resources 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 Elray Resources, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Elray Resources Estimiated After-Hype Price Volatility
In the context of predicting Elray Resources' pink sheet value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Elray Resources' historical news coverage. Elray Resources' after-hype downside and upside margins for the prediction period are 0.00 and 12.71, respectively. We have considered Elray Resources' 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
Elray Resources is out of control at this time. Analysis and calculation of next after-hype price of Elray Resources is based on 3 months time horizon.
Elray Resources Pink Sheet Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Elray Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Elray Resources 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 Elray Resources, 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 |
0.03 | 12.71 | 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 | |
0.0003 | 0.0004 | 23.91 |
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Elray Resources Hype Timeline
Elray Resources is currently traded for 0.0003. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Elray is projected to increase in value after the next headline, with the price projected to jump to 3.72E-4 or above. The average volatility of media hype impact on the company the price is insignificant. The price jump on the next news is estimated to be 23.91%, whereas the daily expected return is currently at -0.03%. The volatility of related hype on Elray Resources is about 1.412222222E7%, with the expected price after the next announcement by competition of 0.00. Elray Resources currently holds 4.95 M in liabilities. Elray Resources has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Elray Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Elray Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Elray Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elray to invest in growth at high rates of return. When we think about Elray Resources' use of debt, we should always consider it together with cash and equity.Given the investment horizon of 90 days the next projected press release will be in a few days. Check out Historical Fundamental Analysis of Elray Resources to cross-verify your projections.Elray Resources Related Hype Analysis
Having access to credible news sources related to Elray Resources' direct competition is more important than ever and may enhance your ability to predict Elray Resources' future price movements. Getting to know how Elray Resources' 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 Elray Resources may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| RVLCF | Rivalry Corp | 0.00 | 0 per month | 14.58 | 0.15 | 63.94 | (31.14) | 170.10 | |
| GVSI | Good Vibrations Shoes | (0.0009) | 1 per month | 0.00 | (0.01) | 11.11 | (11.11) | 47.22 | |
| BRVO | Bravo Multinational | 0.00 | 0 per month | 20.78 | 0.11 | 53.85 | (44.44) | 229.08 | |
| EATR | Eastern Asteria | 0.00 | 0 per month | 8.38 | 0.05 | 25.00 | (18.18) | 52.22 | |
| AHRO | Authentic Holdings | 0.00 | 0 per month | 13.66 | 0.05 | 25.00 | (27.27) | 117.50 | |
| GGLT | Giant Group | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| RBNW | Renewable Energy and | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| LTFD | Littlefield | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| RVRVF | Pathfinder Ventures | 0.00 | 0 per month | 0.00 | 0.12 | 19.30 | (4.32) | 181.99 | |
| RYPPF | RYU Apparel | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Other Forecasting Options for Elray Resources
For every potential investor in Elray, whether a beginner or expert, Elray Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Elray Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Elray. Basic forecasting techniques help filter out the noise by identifying Elray Resources' price trends.Elray Resources 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 Elray Resources pink sheet to make a market-neutral strategy. Peer analysis of Elray Resources could also be used in its relative valuation, which is a method of valuing Elray Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Elray Resources Market Strength Events
Market strength indicators help investors to evaluate how Elray Resources 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 Elray Resources shares will generate the highest return on investment. By undertsting and applying Elray Resources pink sheet market strength indicators, traders can identify Elray Resources entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 3.0E-4 | |||
| Day Typical Price | 3.0E-4 | |||
| Relative Strength Index | 46.15 |
Elray Resources Risk Indicators
The analysis of Elray Resources' 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 Elray Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting elray 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 | 7.12 | |||
| Semi Deviation | 8.66 | |||
| Standard Deviation | 13.42 | |||
| Variance | 180.11 | |||
| Downside Variance | 617.86 | |||
| Semi Variance | 75.0 | |||
| Expected Short fall | (30.21) |
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 Elray Resources
The number of cover stories for Elray Resources depends on current market conditions and Elray Resources' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Elray Resources 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 Elray Resources' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Other Information on Investing in Elray Pink Sheet
Elray Resources financial ratios help investors to determine whether Elray 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 Elray with respect to the benefits of owning Elray Resources security.