Encanto Potash Pink Sheet Forecast - 20 Period Moving Average
| ENCTF Stock | USD 0.03 0.00 0.00% |
The 20 Period Moving Average forecasted value of Encanto Potash Corp on the next trading day is expected to be 0.03 with a mean absolute deviation of 0.0007 and the sum of the absolute errors of 0.03. Encanto Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Encanto Potash's historical fundamentals, such as revenue growth or operating cash flow patterns.
Encanto |
Encanto Potash 20 Period Moving Average Price Forecast For the 26th of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of Encanto Potash Corp on the next trading day is expected to be 0.03 with a mean absolute deviation of 0.0007, mean absolute percentage error of 0.00000135, and the sum of the absolute errors of 0.03.Please note that although there have been many attempts to predict Encanto 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 Encanto Potash's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Encanto Potash Pink Sheet Forecast Pattern
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Encanto Potash Forecasted Value
In the context of forecasting Encanto Potash'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. Encanto Potash's downside and upside margins for the forecasting period are 0.0003 and 1.04, respectively. We have considered Encanto Potash'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Encanto Potash pink sheet data series using in forecasting. Note that when a statistical model is used to represent Encanto Potash 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 | 67.8386 |
| Bias | Arithmetic mean of the errors | 7.0E-4 |
| MAD | Mean absolute deviation | 7.0E-4 |
| MAPE | Mean absolute percentage error | 0.0232 |
| SAE | Sum of the absolute errors | 0.0294 |
Predictive Modules for Encanto Potash
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Encanto Potash Corp. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Encanto Potash'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.
Other Forecasting Options for Encanto Potash
For every potential investor in Encanto, whether a beginner or expert, Encanto Potash's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Encanto Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Encanto. Basic forecasting techniques help filter out the noise by identifying Encanto Potash's price trends.Encanto Potash 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 Encanto Potash pink sheet to make a market-neutral strategy. Peer analysis of Encanto Potash could also be used in its relative valuation, which is a method of valuing Encanto Potash by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Encanto Potash Corp 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 Encanto Potash'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 Encanto Potash's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Encanto Potash Market Strength Events
Market strength indicators help investors to evaluate how Encanto Potash 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 Encanto Potash shares will generate the highest return on investment. By undertsting and applying Encanto Potash pink sheet market strength indicators, traders can identify Encanto Potash Corp entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.0309 | |||
| Day Typical Price | 0.0309 |
Encanto Potash Risk Indicators
The analysis of Encanto Potash'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 Encanto Potash's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting encanto 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 | 0.2448 | |||
| Standard Deviation | 0.9892 | |||
| Variance | 0.9786 |
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 Encanto Pink Sheet
Encanto Potash financial ratios help investors to determine whether Encanto 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 Encanto with respect to the benefits of owning Encanto Potash security.