Glencore PLC Pink Sheet Forecast - 20 Period Moving Average
| GLCNF Stock | USD 4.78 0.13 2.65% |
The 20 Period Moving Average forecasted value of Glencore PLC on the next trading day is expected to be 5.00 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 10.50. Glencore Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Glencore PLC's historical fundamentals, such as revenue growth or operating cash flow patterns.
Glencore |
Glencore PLC 20 Period Moving Average Price Forecast For the 27th of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of Glencore PLC on the next trading day is expected to be 5.00 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.09, and the sum of the absolute errors of 10.50.Please note that although there have been many attempts to predict Glencore 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 Glencore PLC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Glencore PLC Pink Sheet Forecast Pattern
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Glencore PLC Forecasted Value
In the context of forecasting Glencore PLC'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. Glencore PLC's downside and upside margins for the forecasting period are 2.92 and 7.08, respectively. We have considered Glencore PLC'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Glencore PLC pink sheet data series using in forecasting. Note that when a statistical model is used to represent Glencore PLC 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 | 78.901 |
| Bias | Arithmetic mean of the errors | 0.0874 |
| MAD | Mean absolute deviation | 0.2562 |
| MAPE | Mean absolute percentage error | 0.0493 |
| SAE | Sum of the absolute errors | 10.5035 |
Predictive Modules for Glencore PLC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Glencore PLC. 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 Glencore PLC
For every potential investor in Glencore, whether a beginner or expert, Glencore PLC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Glencore Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Glencore. Basic forecasting techniques help filter out the noise by identifying Glencore PLC's price trends.View Glencore PLC Related Equities
| Risk & Return | Correlation |
Glencore PLC 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 Glencore PLC'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 Glencore PLC's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volatility Indicators | ||
| Volume Indicators |
Glencore PLC Market Strength Events
Market strength indicators help investors to evaluate how Glencore PLC 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 Glencore PLC shares will generate the highest return on investment. By undertsting and applying Glencore PLC pink sheet market strength indicators, traders can identify Glencore PLC entry and exit signals to maximize returns.
Glencore PLC Risk Indicators
The analysis of Glencore PLC'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 Glencore PLC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting glencore 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 | 1.47 | |||
| Standard Deviation | 2.07 | |||
| Variance | 4.28 |
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.
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Other Information on Investing in Glencore Pink Sheet
Glencore PLC financial ratios help investors to determine whether Glencore 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 Glencore with respect to the benefits of owning Glencore PLC security.