Foothills Exploration Pink Sheet Forecast - Simple Regression
| FTXP Stock | USD 0.0001 0.00 0.00% |
The Simple Regression forecasted value of Foothills Exploration on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0 and the sum of the absolute errors of 0. Foothills Pink Sheet Forecast is based on your current time horizon.
Foothills |
Foothills Exploration Simple Regression Price Forecast For the 1st of December
Given 90 days horizon, the Simple Regression forecasted value of Foothills Exploration on the next trading day is expected to be 0.0001 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 Foothills 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 Foothills Exploration's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Foothills Exploration Pink Sheet Forecast Pattern
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Foothills Exploration Forecasted Value
In the context of forecasting Foothills Exploration'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. Foothills Exploration's downside and upside margins for the forecasting period are 0.0001 and 0.0001, respectively. We have considered Foothills Exploration'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 Foothills Exploration pink sheet data series using in forecasting. Note that when a statistical model is used to represent Foothills Exploration 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 | 30.3989 |
| 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 Foothills Exploration
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Foothills Exploration. 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 Foothills Exploration'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 Foothills Exploration
For every potential investor in Foothills, whether a beginner or expert, Foothills Exploration's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Foothills Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Foothills. Basic forecasting techniques help filter out the noise by identifying Foothills Exploration's price trends.View Foothills Exploration Related Equities
| Risk & Return | Correlation |
Foothills Exploration 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 Foothills Exploration'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 Foothills Exploration's current price.| Cycle Indicators | ||
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Foothills Exploration Market Strength Events
Market strength indicators help investors to evaluate how Foothills Exploration 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 Foothills Exploration shares will generate the highest return on investment. By undertsting and applying Foothills Exploration pink sheet market strength indicators, traders can identify Foothills Exploration entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.0E-4 | |||
| Day Typical Price | 1.0E-4 |
Pair Trading with Foothills Exploration
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 Foothills Exploration 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 Foothills Exploration will appreciate offsetting losses from the drop in the long position's value.Moving against Foothills Pink Sheet
The ability to find closely correlated positions to Foothills Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foothills Exploration 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 Foothills Exploration - 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 Foothills Exploration to buy it.
The correlation of Foothills Exploration 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 Foothills Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foothills Exploration 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 Foothills Exploration 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.Additional Tools for Foothills Pink Sheet Analysis
When running Foothills Exploration's price analysis, check to measure Foothills Exploration'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 Foothills Exploration is operating at the current time. Most of Foothills Exploration's value examination focuses on studying past and present price action to predict the probability of Foothills Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foothills Exploration's price. Additionally, you may evaluate how the addition of Foothills Exploration to your portfolios can decrease your overall portfolio volatility.