Indocan Resources Stock Forecast - Simple Exponential Smoothing
Indocan Stock outlook is based on your current time horizon. Although Indocan Resources' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Indocan Resources' systematic risk associated with finding meaningful patterns of Indocan Resources fundamentals over time.
As of today the relative strength index (rsi) of Indocan Resources' share price is below 20 . This usually indicates that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Indocan Resources hype-based prediction, you can estimate the value of Indocan Resources from the perspective of Indocan Resources response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Indocan Resources on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Indocan Resources after-hype prediction price | USD 0.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Indocan Resources to cross-verify your projections. Indocan Resources Additional Predictive Modules
Most predictive techniques to examine Indocan price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Indocan using various technical indicators. When you analyze Indocan 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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Indocan Resources Simple Exponential Smoothing Price Forecast For the 28th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Indocan Resources on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict Indocan Stock 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 Indocan Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Indocan Resources Stock Forecast Pattern
| Backtest Indocan Resources | Indocan Resources Price Prediction | Buy or Sell Advice |
Indocan Resources Forecasted Value
In the context of forecasting Indocan Resources' Stock 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. Indocan Resources' downside and upside margins for the forecasting period are 0.00 and 0.00, respectively. We have considered Indocan Resources' 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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Indocan Resources stock data series using in forecasting. Note that when a statistical model is used to represent Indocan Resources 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.| AIC | Akaike Information Criteria | -9.223372036854776E14 |
| 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 Indocan Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Indocan Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Indocan Resources' 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.
Indocan Resources Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Indocan Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Indocan Resources backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Indocan Resources, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.00 | 0.00 | 0.00 | 0.00 | 2 Events / Month | 1 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.00 | 0.00 | 0.00 |
|
Indocan Resources Hype Timeline
Indocan Resources is currently traded for 0.00. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Indocan is forecasted 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 forecasted to be very small, whereas the daily expected return is currently at 0.0%. %. The volatility of related hype on Indocan Resources is about 0.0%, with the expected price after the next announcement by competition of 0.00. The company recorded a loss per share of 0.03. Indocan Resources had not issued any dividends in recent years. Given the investment horizon of 90 days the next forecasted press release will be in a few days. Check out Historical Fundamental Analysis of Indocan Resources to cross-verify your projections.Indocan Resources Related Hype Analysis
Having access to credible news sources related to Indocan Resources' direct competition is more important than ever and may enhance your ability to predict Indocan Resources' future price movements. Getting to know how Indocan Resources' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Indocan Resources may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ELLXF | Elixinol Global | 0.00 | 0 per month | 29.61 | 0.25 | 222.22 | (69.37) | 323.40 | |
| NPHC | Nutra Pharma Corp | 0.00 | 0 per month | 19.55 | 0.20 | 100.00 | (50.00) | 266.67 | |
| PHCG | Pure Harvest Cannabis | (0.01) | 2 per month | 10.56 | 0.10 | 28.57 | (22.22) | 122.22 | |
| PAIOF | Paion AG | 0.00 | 1 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CSUI | Cannabis Suisse Corp | (0.01) | 3 per month | 17.33 | 0.11 | 54.90 | (48.74) | 295.56 | |
| CNTRF | Centr Brands Corp | 0.00 | 0 per month | 0.00 | (0.05) | 0.00 | (12.59) | 153.37 | |
| CATV | 4Cable Tv Internatio | (0.0001) | 2 per month | 13.39 | 0.11 | 50.00 | (33.33) | 150.00 | |
| NGMC | Next Generation Management | (0) | 3 per month | 18.92 | 0.13 | 50.00 | (38.89) | 213.33 | |
| VIBEF | Vibe Growth | 0.00 | 0 per month | 5.21 | 0.01 | 15.00 | (11.11) | 61.59 | |
| STMH | Stem Holdings | 0.00 | 4 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Other Forecasting Options for Indocan Resources
For every potential investor in Indocan, whether a beginner or expert, Indocan Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Indocan Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Indocan. Basic forecasting techniques help filter out the noise by identifying Indocan Resources' price trends.Indocan Resources 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 Indocan Resources stock to make a market-neutral strategy. Peer analysis of Indocan Resources could also be used in its relative valuation, which is a method of valuing Indocan Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Story Coverage note for Indocan Resources
The number of cover stories for Indocan Resources depends on current market conditions and Indocan Resources' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Indocan Resources is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Indocan Resources' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Other Macroaxis Stories
Our audience includes start-ups and big corporations as well as marketing, public relation firms, and advertising agencies, including technology and finance journalists. Our platform and its news and story outlet are popular among finance students, amateur traders, self-guided investors, entrepreneurs, retirees and baby boomers, academic researchers, financial advisers, as well as professional money managers - a very diverse and influential demographic landscape united by one goal - build optimal investment portfolios
Story Categories
Currently Trending Categories
Check out Historical Fundamental Analysis of Indocan Resources to cross-verify your projections. To learn how to invest in Indocan Stock, please use our How to Invest in Indocan Resources guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Indocan Resources. If investors know Indocan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Indocan Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.03) |
The market value of Indocan Resources is measured differently than its book value, which is the value of Indocan that is recorded on the company's balance sheet. Investors also form their own opinion of Indocan Resources' value that differs from its market value or its book value, called intrinsic value, which is Indocan Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Indocan Resources' market value can be influenced by many factors that don't directly affect Indocan Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Indocan Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Indocan Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Indocan Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.