ITEX Corp Pink Sheet Forecast - Simple Moving Average
| ITEX Stock | USD 2.75 0.08 3.00% |
The Simple Moving Average forecasted value of ITEX Corp on the next trading day is expected to be 2.75 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 2.01. ITEX Pink Sheet Forecast is based on your current time horizon.
At this time the relative strength index (rsi) of ITEX Corp's share price is below 20 . This usually indicates that the pink sheet 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 ITEX Corp hype-based prediction, you can estimate the value of ITEX Corp from the perspective of ITEX Corp response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of ITEX Corp on the next trading day is expected to be 2.75 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 2.01. ITEX Corp after-hype prediction price | USD 2.75 |
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 pink sheet price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
ITEX |
ITEX Corp Additional Predictive Modules
Most predictive techniques to examine ITEX price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for ITEX using various technical indicators. When you analyze ITEX 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 |
ITEX Corp Simple Moving Average Price Forecast For the 25th of January
Given 90 days horizon, the Simple Moving Average forecasted value of ITEX Corp on the next trading day is expected to be 2.75 with a mean absolute deviation of 0.03, mean absolute percentage error of 0.01, and the sum of the absolute errors of 2.01.Please note that although there have been many attempts to predict ITEX 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 ITEX Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ITEX Corp Pink Sheet Forecast Pattern
| Backtest ITEX Corp | ITEX Corp Price Prediction | Buy or Sell Advice |
ITEX Corp Forecasted Value
In the context of forecasting ITEX Corp'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. ITEX Corp's downside and upside margins for the forecasting period are 0.06 and 5.44, respectively. We have considered ITEX Corp'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 Moving Average forecasting method's relative quality and the estimations of the prediction error of ITEX Corp pink sheet data series using in forecasting. Note that when a statistical model is used to represent ITEX Corp 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 | 109.5479 |
| Bias | Arithmetic mean of the errors | 0.0038 |
| MAD | Mean absolute deviation | 0.0342 |
| MAPE | Mean absolute percentage error | 0.0121 |
| SAE | Sum of the absolute errors | 2.015 |
Predictive Modules for ITEX Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ITEX Corp. 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 ITEX Corp'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.
ITEX Corp After-Hype Price Prediction Density Analysis
As far as predicting the price of ITEX Corp at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in ITEX Corp or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Pink Sheet prices, such as prices of ITEX Corp, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
ITEX Corp Estimiated After-Hype Price Volatility
In the context of predicting ITEX Corp's pink sheet value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on ITEX Corp's historical news coverage. ITEX Corp's after-hype downside and upside margins for the prediction period are 0.06 and 5.44, respectively. We have considered ITEX Corp's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
ITEX Corp is unstable at this time. Analysis and calculation of next after-hype price of ITEX Corp is based on 3 months time horizon.
ITEX Corp Pink Sheet Price Prediction Analysis
Have you ever been surprised when a price of a Company such as ITEX Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading ITEX Corp 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 Pink Sheet 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 ITEX Corp, 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 |
0.05 | 2.69 | 0.00 | 0.01 | 0 Events / Month | 4 Events / Month | Uncertain |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
2.75 | 2.75 | 0.00 |
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ITEX Corp Hype Timeline
ITEX Corp is currently traded for 2.75. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.01. ITEX 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 -0.05%. %. The volatility of related hype on ITEX Corp is about 1415.79%, with the expected price after the next announcement by competition of 2.76. About 40.0% of the company shares are held by company insiders. The company last dividend was issued on the 30th of November 2022. ITEX Corp had 1:5 split on the 4th of May 2010. Given the investment horizon of 90 days the next forecasted press release will be uncertain. Check out Historical Fundamental Analysis of ITEX Corp to cross-verify your projections.ITEX Corp Related Hype Analysis
Having access to credible news sources related to ITEX Corp's direct competition is more important than ever and may enhance your ability to predict ITEX Corp's future price movements. Getting to know how ITEX Corp's 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 ITEX Corp may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CSTXF | CryptoStar Corp | 0.00 | 0 per month | 11.71 | (0.0002) | 32.69 | (26.76) | 78.93 | |
| OSHDF | Oshidori International Holdings | 0.38 | 7 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| AAMTF | Armada Mercantile | 0.00 | 0 per month | 3.78 | 0.05 | 10.00 | (9.09) | 46.00 | |
| PHIL | PHI Group | 0.38 | 5 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| BTCWF | Bluesky Digital Assets | 0.38 | 3 per month | 5.18 | 0.1 | 13.46 | (9.62) | 67.78 | |
| IMPM | Impac Mortgage Holdings | 0.00 | 0 per month | 0.00 | (0.08) | 20.00 | (20.00) | 58.33 | |
| ITPC | Intrepid Capital | 0.00 | 0 per month | 0.00 | 0.15 | 0.00 | 0.00 | 19.05 | |
| IDKFF | ThreeD Capital | 0.38 | 10 per month | 6.68 | 0.04 | 13.51 | (10.17) | 28.16 | |
| ORLCF | Oracle Commodity Holding | 0.00 | 0 per month | 0.00 | (0.04) | 13.04 | (10.78) | 31.81 | |
| DBKSF | DigiMax Global | 0.38 | 10 per month | 14.06 | 0.09 | 33.33 | (16.67) | 351.68 |
Other Forecasting Options for ITEX Corp
For every potential investor in ITEX, whether a beginner or expert, ITEX Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ITEX Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ITEX. Basic forecasting techniques help filter out the noise by identifying ITEX Corp's price trends.ITEX Corp 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 ITEX Corp pink sheet to make a market-neutral strategy. Peer analysis of ITEX Corp could also be used in its relative valuation, which is a method of valuing ITEX Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ITEX Corp Market Strength Events
Market strength indicators help investors to evaluate how ITEX Corp 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 ITEX Corp shares will generate the highest return on investment. By undertsting and applying ITEX Corp pink sheet market strength indicators, traders can identify ITEX Corp entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 2.75 | |||
| Day Typical Price | 2.75 | |||
| Price Action Indicator | 0.04 | |||
| Period Momentum Indicator | 0.08 |
ITEX Corp Risk Indicators
The analysis of ITEX Corp'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 ITEX Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting itex 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 | 0.7898 | |||
| Semi Deviation | 1.88 | |||
| Standard Deviation | 2.62 | |||
| Variance | 6.86 | |||
| Downside Variance | 29.33 | |||
| Semi Variance | 3.53 | |||
| Expected Short fall | (3.73) |
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.
Story Coverage note for ITEX Corp
The number of cover stories for ITEX Corp depends on current market conditions and ITEX Corp's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that ITEX Corp 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 ITEX Corp's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Tools for ITEX Pink Sheet Analysis
When running ITEX Corp's price analysis, check to measure ITEX Corp'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 ITEX Corp is operating at the current time. Most of ITEX Corp's value examination focuses on studying past and present price action to predict the probability of ITEX Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITEX Corp's price. Additionally, you may evaluate how the addition of ITEX Corp to your portfolios can decrease your overall portfolio volatility.