Famous Brands Pink Sheet Forecast - Simple Regression
| FMBRY Stock | USD 6.60 0.19 2.96% |
The Simple Regression forecasted value of Famous Brands Ltd on the next trading day is expected to be 6.72 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 9.79. Famous Pink Sheet Forecast is based on your current time horizon.
Famous |
Famous Brands Simple Regression Price Forecast For the 26th of December
Given 90 days horizon, the Simple Regression forecasted value of Famous Brands Ltd on the next trading day is expected to be 6.72 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.04, and the sum of the absolute errors of 9.79.Please note that although there have been many attempts to predict Famous 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 Famous Brands' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Famous Brands Pink Sheet Forecast Pattern
| Backtest Famous Brands | Famous Brands Price Prediction | Buy or Sell Advice |
Famous Brands Forecasted Value
In the context of forecasting Famous Brands' 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. Famous Brands' downside and upside margins for the forecasting period are 4.91 and 8.54, respectively. We have considered Famous Brands' 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 Famous Brands pink sheet data series using in forecasting. Note that when a statistical model is used to represent Famous Brands 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 | 114.8338 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1605 |
| MAPE | Mean absolute percentage error | 0.0263 |
| SAE | Sum of the absolute errors | 9.7907 |
Predictive Modules for Famous Brands
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Famous Brands. 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 Famous Brands
For every potential investor in Famous, whether a beginner or expert, Famous Brands' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Famous Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Famous. Basic forecasting techniques help filter out the noise by identifying Famous Brands' price trends.Famous Brands 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 Famous Brands pink sheet to make a market-neutral strategy. Peer analysis of Famous Brands could also be used in its relative valuation, which is a method of valuing Famous Brands by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Famous Brands 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 Famous Brands' 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 Famous Brands' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Famous Brands Market Strength Events
Market strength indicators help investors to evaluate how Famous Brands 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 Famous Brands shares will generate the highest return on investment. By undertsting and applying Famous Brands pink sheet market strength indicators, traders can identify Famous Brands Ltd entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 6.6 | |||
| Day Typical Price | 6.6 | |||
| Price Action Indicator | 0.095 | |||
| Period Momentum Indicator | 0.19 |
Famous Brands Risk Indicators
The analysis of Famous Brands' 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 Famous Brands' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting famous 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 | 0.5645 | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.12 |
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.
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 Famous Pink Sheet Analysis
When running Famous Brands' price analysis, check to measure Famous Brands' 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 Famous Brands is operating at the current time. Most of Famous Brands' value examination focuses on studying past and present price action to predict the probability of Famous Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Famous Brands' price. Additionally, you may evaluate how the addition of Famous Brands to your portfolios can decrease your overall portfolio volatility.