Golden Sky Pink Sheet Forecast - Simple Regression

LCKYF Stock  USD 0.23  0.08  25.81%   
The Simple Regression forecasted value of Golden Sky Minerals on the next trading day is expected to be 0.26 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 2.09. Golden Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Golden Sky's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Golden Sky price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Golden Sky Simple Regression Price Forecast For the 29th of December

Given 90 days horizon, the Simple Regression forecasted value of Golden Sky Minerals on the next trading day is expected to be 0.26 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 2.09.
Please note that although there have been many attempts to predict Golden 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 Golden Sky's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Golden Sky Pink Sheet Forecast Pattern

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Golden Sky Forecasted Value

In the context of forecasting Golden Sky'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. Golden Sky's downside and upside margins for the forecasting period are 0 and 12.34, respectively. We have considered Golden Sky'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.
Market Value
0.23
0.26
Expected Value
12.34
Upside

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 Golden Sky pink sheet data series using in forecasting. Note that when a statistical model is used to represent Golden Sky 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.
AICAkaike Information Criteria111.8676
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0342
MAPEMean absolute percentage error0.1295
SAESum of the absolute errors2.0853
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Golden Sky Minerals historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Golden Sky

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Golden Sky Minerals. 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 Golden Sky'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.
Hype
Prediction
LowEstimatedHigh
0.010.2312.31
Details
Intrinsic
Valuation
LowRealHigh
0.010.2212.30
Details

Other Forecasting Options for Golden Sky

For every potential investor in Golden, whether a beginner or expert, Golden Sky's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Golden Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Golden. Basic forecasting techniques help filter out the noise by identifying Golden Sky's price trends.

Golden Sky 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 Golden Sky pink sheet to make a market-neutral strategy. Peer analysis of Golden Sky could also be used in its relative valuation, which is a method of valuing Golden Sky by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Golden Sky Minerals 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 Golden Sky'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 Golden Sky's current price.

Golden Sky Market Strength Events

Market strength indicators help investors to evaluate how Golden Sky 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 Golden Sky shares will generate the highest return on investment. By undertsting and applying Golden Sky pink sheet market strength indicators, traders can identify Golden Sky Minerals entry and exit signals to maximize returns.

Golden Sky Risk Indicators

The analysis of Golden Sky'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 Golden Sky's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting golden 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.
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 Golden Pink Sheet

Golden Sky financial ratios help investors to determine whether Golden 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 Golden with respect to the benefits of owning Golden Sky security.