Energy Revenue Pink Sheet Forecast - Naive Prediction

ERAO Stock  USD 0.04  0.0001  0.24%   
The Naive Prediction forecasted value of Energy Revenue Amer on the next trading day is expected to be 0.05 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.33. Energy Pink Sheet Forecast is based on your current time horizon.
  
A naive forecasting model for Energy Revenue is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Energy Revenue Amer value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Energy Revenue Naive Prediction Price Forecast For the 30th of November

Given 90 days horizon, the Naive Prediction forecasted value of Energy Revenue Amer on the next trading day is expected to be 0.05 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.00006, and the sum of the absolute errors of 0.33.
Please note that although there have been many attempts to predict Energy 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 Energy Revenue's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Energy Revenue Pink Sheet Forecast Pattern

Backtest Energy RevenueEnergy Revenue Price PredictionBuy or Sell Advice 

Energy Revenue Forecasted Value

In the context of forecasting Energy Revenue'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. Energy Revenue's downside and upside margins for the forecasting period are 0.0004 and 26.35, respectively. We have considered Energy Revenue'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.
Market Value
0.04
0.0004
Downside
0.05
Expected Value
26.35
Upside

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 Energy Revenue pink sheet data series using in forecasting. Note that when a statistical model is used to represent Energy Revenue 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.
AICAkaike Information Criteria108.3914
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0055
MAPEMean absolute percentage error0.1771
SAESum of the absolute errors0.3332
This model is not at all useful as a medium-long range forecasting tool of Energy Revenue Amer. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Energy Revenue. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Energy Revenue

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Energy Revenue Amer. 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.
Hype
Prediction
LowEstimatedHigh
0.000.0426.34
Details
Intrinsic
Valuation
LowRealHigh
0.000.0426.34
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Energy Revenue. Your research has to be compared to or analyzed against Energy Revenue's peers to derive any actionable benefits. When done correctly, Energy Revenue's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Energy Revenue Amer.

Other Forecasting Options for Energy Revenue

For every potential investor in Energy, whether a beginner or expert, Energy Revenue's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Energy Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Energy. Basic forecasting techniques help filter out the noise by identifying Energy Revenue's price trends.

Energy Revenue 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 Energy Revenue pink sheet to make a market-neutral strategy. Peer analysis of Energy Revenue could also be used in its relative valuation, which is a method of valuing Energy Revenue by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Energy Revenue Amer 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 Energy Revenue'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 Energy Revenue's current price.

Energy Revenue Market Strength Events

Market strength indicators help investors to evaluate how Energy Revenue 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 Energy Revenue shares will generate the highest return on investment. By undertsting and applying Energy Revenue pink sheet market strength indicators, traders can identify Energy Revenue Amer entry and exit signals to maximize returns.

Energy Revenue Risk Indicators

The analysis of Energy Revenue'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 Energy Revenue's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting energy 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.
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.

Pair Trading with Energy Revenue

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Energy Revenue position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Energy Revenue will appreciate offsetting losses from the drop in the long position's value.

Moving against Energy Pink Sheet

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The ability to find closely correlated positions to Energy Revenue could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energy Revenue when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Energy Revenue - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Energy Revenue Amer to buy it.
The correlation of Energy Revenue is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Energy Revenue moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energy Revenue Amer moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Energy Revenue can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Energy Pink Sheet

Energy Revenue financial ratios help investors to determine whether Energy 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 Energy with respect to the benefits of owning Energy Revenue security.