First Resource OTC Stock Forecast - Naive Prediction

First Resource Additional Predictive Modules

Most predictive techniques to examine First price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for First using various technical indicators. When you analyze First charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. A naive forecasting model for First Resource is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of First Resource Bank 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.

First Resource Naive Prediction Price Forecast For the 26th of January

Given 90 days horizon, the Naive Prediction forecasted value of First Resource Bank on the next trading day is expected to be 20.28 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.05, and the sum of the absolute errors of 9.62.

First Resource OTC Stock Forecast Pattern

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First Resource Price Prediction

Buy or Sell Advice

First Resource Forecasted Value

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 First Resource otc stock data series using in forecasting. Note that when a statistical model is used to represent First Resource 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. This model is not at all useful as a medium-long range forecasting tool of First Resource Bank. 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 First Resource. 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 First Resource

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as First Resource Bank. 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.

Hype Prediction Low Estimated High 19.37 20.25 21.13 Details

Intrinsic Valuation Low Real High 18.93 19.81 20.69 Details

Bollinger Band Projection (param) Low Middle High 19.29 19.94 20.58 Details

First Resource After-Hype Price Density Analysis

First Resource Estimiated After-Hype Price Volatility

First Resource OTC Stock Price Outlook Analysis

Notes

First Resource Hype Timeline

First Resource Bank is currently traded for 20.25. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. First is projected not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is projected to be very small, whereas the daily expected return is currently at 0.21%. %. The volatility of related hype on First Resource is about 0.0%, with the expected price after the next announcement by competition of 20.25. The company has price-to-book (P/B) ratio of 1.01. Some equities with similar Price to Book (P/B) outperform the market in the long run. First Resource Bank last dividend was issued on the 6th of May 2015. The entity had 105:100 split on the 3rd of May 2019. Given the investment horizon of 90 days the next projected press release will be in a few days. Check out Historical Fundamental Analysis of First Resource to cross-verify your projections.

First Resource Related Hype Analysis

Other Forecasting Options for First Resource

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

First Resource Related Equities

Risk & Return

Correlation

First Resource Market Strength Events

First Resource Risk Indicators

Story Coverage note for First Resource

Other Macroaxis Stories

First Resource Short Properties

Other Information on Investing in First OTC Stock