Emerita Resources OTC Stock Forecast - Simple Exponential Smoothing
| EMOTF Stock | USD 0.47 0.04 9.30% |
The Simple Exponential Smoothing forecasted value of Emerita Resources Corp on the next trading day is expected to be 0.47 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.69. Emerita OTC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Emerita Resources' historical fundamentals, such as revenue growth or operating cash flow patterns.
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Emerita Resources Simple Exponential Smoothing Price Forecast For the 30th of November
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Emerita Resources Corp on the next trading day is expected to be 0.47 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0003, and the sum of the absolute errors of 0.69.Please note that although there have been many attempts to predict Emerita 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 Emerita Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Emerita Resources OTC Stock Forecast Pattern
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Emerita Resources Forecasted Value
In the context of forecasting Emerita Resources' 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. Emerita Resources' downside and upside margins for the forecasting period are 0 and 4.02, respectively. We have considered Emerita 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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Emerita Resources otc stock data series using in forecasting. Note that when a statistical model is used to represent Emerita Resources 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 | 108.1212 |
| Bias | Arithmetic mean of the errors | -2.0E-4 |
| MAD | Mean absolute deviation | 0.0115 |
| MAPE | Mean absolute percentage error | 0.0243 |
| SAE | Sum of the absolute errors | 0.69 |
Predictive Modules for Emerita 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 Emerita Resources Corp. 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 Emerita Resources' 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.
Other Forecasting Options for Emerita Resources
For every potential investor in Emerita, whether a beginner or expert, Emerita Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Emerita OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Emerita. Basic forecasting techniques help filter out the noise by identifying Emerita Resources' price trends.View Emerita Resources Related Equities
| Risk & Return | Correlation |
Emerita Resources Corp Technical and Predictive Analytics
The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Emerita Resources' 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 Emerita Resources' current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Volume Indicators |
Emerita Resources Market Strength Events
Market strength indicators help investors to evaluate how Emerita Resources 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 Emerita Resources shares will generate the highest return on investment. By undertsting and applying Emerita Resources otc stock market strength indicators, traders can identify Emerita Resources Corp entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.09 | |||
| Day Median Price | 0.47 | |||
| Day Typical Price | 0.47 | |||
| Price Action Indicator | 0.02 | |||
| Period Momentum Indicator | 0.04 | |||
| Relative Strength Index | 52.18 |
Emerita Resources Risk Indicators
The analysis of Emerita 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 Emerita Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting emerita 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 | 2.37 | |||
| Semi Deviation | 2.69 | |||
| Standard Deviation | 3.39 | |||
| Variance | 11.51 | |||
| Downside Variance | 14.25 | |||
| Semi Variance | 7.26 | |||
| Expected Short fall | (3.93) |
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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Other Information on Investing in Emerita OTC Stock
Emerita Resources financial ratios help investors to determine whether Emerita OTC Stock 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 Emerita with respect to the benefits of owning Emerita Resources security.