Key Energy Pink Sheet Forecast - Naive Prediction
| KEGX Stock | USD 1.75 0.00 0.00% |
Key Pink Sheet outlook is based on your current time horizon.
At this time, The relative strength index (RSI) of Key Energy's share price is at 59. This indicates that the pink sheet is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Key Energy, making its price go up or down. Momentum 59
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Oversold | Overbought |
Using Key Energy hype-based prediction, you can estimate the value of Key Energy Services from the perspective of Key Energy response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Key Energy Services on the next trading day is expected to be 2.31 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 10.04. Key Energy after-hype prediction price | USD 1.75 |
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.
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Key Energy Additional Predictive Modules
Most predictive techniques to examine Key price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Key using various technical indicators. When you analyze Key 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 |
Key Energy Naive Prediction Price Forecast For the 27th of January
Given 90 days horizon, the Naive Prediction forecasted value of Key Energy Services on the next trading day is expected to be 2.31 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.07, and the sum of the absolute errors of 10.04.Please note that although there have been many attempts to predict Key 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 Key Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Key Energy Pink Sheet Forecast Pattern
| Backtest Key Energy | Key Energy Price Prediction | Buy or Sell Advice |
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 Key Energy pink sheet data series using in forecasting. Note that when a statistical model is used to represent Key Energy 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 | 115.5134 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1646 |
| MAPE | Mean absolute percentage error | 0.714 |
| SAE | Sum of the absolute errors | 10.0425 |
Predictive Modules for Key Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Key Energy Services. 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.Key Energy After-Hype Price Density Analysis
As far as predicting the price of Key Energy 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 Key Energy 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 Key Energy, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Key Energy Estimiated After-Hype Price Volatility
In the context of predicting Key Energy's pink sheet value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Key Energy's historical news coverage. Key Energy's after-hype downside and upside margins for the prediction period are 1.75 and 1.75, respectively. We have considered Key Energy'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
Key Energy is very steady at this time. Analysis and calculation of next after-hype price of Key Energy Services is based on 3 months time horizon.
Key Energy Pink Sheet Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Key Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Key Energy 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 Key Energy, 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 | 0 Events / Month | 0 Events / Month | Uncertain |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
1.75 | 1.75 | 0.00 |
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Key Energy Hype Timeline
Key Energy Services is now traded for 1.75. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Key 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 now at 0.0%. %. The volatility of related hype on Key Energy is about 0.0%, with the expected price after the next announcement by competition of 1.75. The company has price-to-book ratio of 0.0. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Key Energy Services recorded earning per share (EPS) of 6.9. The entity last dividend was issued on the 9th of March 2020. The firm had 1:50 split on the 9th of March 2020. Given the investment horizon of 90 days the next forecasted press release will be uncertain. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.Key Energy Related Hype Analysis
Having access to credible news sources related to Key Energy's direct competition is more important than ever and may enhance your ability to predict Key Energy's future price movements. Getting to know how Key Energy'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 Key Energy may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| DLXY | Delixy Holdings Limited | 0.00 | 0 per month | 6.81 | 0.03 | 8.54 | (7.22) | 105.45 | |
| ADXRF | ADX Energy | 0.00 | 0 per month | 0.00 | 0.1 | 50.00 | (13.33) | 117.14 | |
| EEENF | 88 Energy Limited | 0.00 | 0 per month | 7.45 | 0.05 | 14.40 | (12.33) | 41.75 | |
| IGESF | IGas Energy plc | 0.00 | 0 per month | 0.00 | 0.06 | 0.00 | 0.00 | 34.42 | |
| SOUTF | Southern Cross Media | 0.00 | 0 per month | 6.66 | 0.06 | 16.67 | (11.96) | 43.96 | |
| FOYJ | Foy Johnston | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CNUCF | Canuc Resources | 0.00 | 0 per month | 5.32 | 0.17 | 14.33 | (7.94) | 45.69 | |
| HEEVF | Helium Evolution Incorporated | 0.00 | 0 per month | 0.00 | 0.03 | 0.00 | 0.00 | 129.09 | |
| NRIS | Norris Industries | 0.00 | 0 per month | 0.00 | (0.01) | 0.00 | 0.00 | 27.27 | |
| SUNYF | Sunshine Oilsands | 0.00 | 0 per month | 0.00 | (0.04) | 0.00 | 0.00 | 28.90 |
Key Energy 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 Key Energy pink sheet to make a market-neutral strategy. Peer analysis of Key Energy could also be used in its relative valuation, which is a method of valuing Key Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Key Energy Market Strength Events
Market strength indicators help investors to evaluate how Key Energy 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 Key Energy shares will generate the highest return on investment. By undertsting and applying Key Energy pink sheet market strength indicators, traders can identify Key Energy Services entry and exit signals to maximize returns.
Story Coverage note for Key Energy
The number of cover stories for Key Energy depends on current market conditions and Key Energy's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Key Energy 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 Key Energy'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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Key Energy Short Properties
Key Energy's future price predictability will typically decrease when Key Energy's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Key Energy Services often depends not only on the future outlook of the potential Key Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Key Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 408 K | |
| Cash And Short Term Investments | 14.4 M |
Additional Tools for Key Pink Sheet Analysis
When running Key Energy's price analysis, check to measure Key Energy'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 Key Energy is operating at the current time. Most of Key Energy's value examination focuses on studying past and present price action to predict the probability of Key Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Key Energy's price. Additionally, you may evaluate how the addition of Key Energy to your portfolios can decrease your overall portfolio volatility.