Forbo Holding Pink Sheet Forecast - Simple Regression
| FBOHY Stock | USD 20.98 0.00 0.00% |
The Simple Regression forecasted value of Forbo Holding AG on the next trading day is expected to be 20.98 with a mean absolute deviation of 0 and the sum of the absolute errors of 0. Forbo Pink Sheet Forecast is based on your current time horizon.
Forbo |
Forbo Holding Simple Regression Price Forecast For the 29th of December
Given 90 days horizon, the Simple Regression forecasted value of Forbo Holding AG on the next trading day is expected to be 20.98 with a mean absolute deviation of 0, 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 Forbo 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 Forbo Holding's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Forbo Holding Pink Sheet Forecast Pattern
| Backtest Forbo Holding | Forbo Holding Price Prediction | Buy or Sell Advice |
Forbo Holding Forecasted Value
In the context of forecasting Forbo Holding'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. Forbo Holding's downside and upside margins for the forecasting period are 20.98 and 20.98, respectively. We have considered Forbo Holding'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 Forbo Holding pink sheet data series using in forecasting. Note that when a statistical model is used to represent Forbo Holding 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 | 55.8935 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Forbo Holding
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Forbo Holding AG. 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.Other Forecasting Options for Forbo Holding
For every potential investor in Forbo, whether a beginner or expert, Forbo Holding's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Forbo Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Forbo. Basic forecasting techniques help filter out the noise by identifying Forbo Holding's price trends.Forbo Holding 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 Forbo Holding pink sheet to make a market-neutral strategy. Peer analysis of Forbo Holding could also be used in its relative valuation, which is a method of valuing Forbo Holding by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Forbo Holding AG 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 Forbo Holding'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 Forbo Holding's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Forbo Holding Market Strength Events
Market strength indicators help investors to evaluate how Forbo Holding 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 Forbo Holding shares will generate the highest return on investment. By undertsting and applying Forbo Holding pink sheet market strength indicators, traders can identify Forbo Holding AG entry and exit signals to maximize returns.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Forbo Pink Sheet Analysis
When running Forbo Holding's price analysis, check to measure Forbo Holding'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 Forbo Holding is operating at the current time. Most of Forbo Holding's value examination focuses on studying past and present price action to predict the probability of Forbo Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forbo Holding's price. Additionally, you may evaluate how the addition of Forbo Holding to your portfolios can decrease your overall portfolio volatility.