LTRY Old Stock Forecast - Simple Regression

LTRYDelisted Stock  USD 1.31  0.01  0.76%   
The Simple Regression forecasted value of LTRY Old on the next trading day is expected to be 1.46 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 11.58. LTRY Stock Forecast is based on your current time horizon.
At this time the value of rsi of LTRY Old's share price is below 20 . This 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
The successful prediction of LTRY Old's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with LTRY Old, which may create opportunities for some arbitrage if properly timed.
Using LTRY Old hype-based prediction, you can estimate the value of LTRY Old from the perspective of LTRY Old response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of LTRY Old on the next trading day is expected to be 1.46 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 11.58.

LTRY Old after-hype prediction price

    
  $ 1.31  
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 delisted stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
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 real.

LTRY Old Additional Predictive Modules

Most predictive techniques to examine LTRY price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for LTRY using various technical indicators. When you analyze LTRY 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.
Simple Regression model is a single variable regression model that attempts to put a straight line through LTRY Old 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.

LTRY Old Simple Regression Price Forecast For the 20th of January

Given 90 days horizon, the Simple Regression forecasted value of LTRY Old on the next trading day is expected to be 1.46 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.07, and the sum of the absolute errors of 11.58.
Please note that although there have been many attempts to predict LTRY 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 LTRY Old's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

LTRY Old Stock Forecast Pattern

Backtest LTRY OldLTRY Old Price PredictionBuy or Sell Advice 

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 LTRY Old stock data series using in forecasting. Note that when a statistical model is used to represent LTRY Old 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.
AICAkaike Information Criteria115.3847
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1899
MAPEMean absolute percentage error0.1637
SAESum of the absolute errors11.585
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 LTRY Old 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 LTRY Old

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as LTRY Old. 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.
Hype
Prediction
LowEstimatedHigh
1.311.311.31
Details
Intrinsic
Valuation
LowRealHigh
1.101.101.44
Details

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

LTRY Old Market Strength Events

Market strength indicators help investors to evaluate how LTRY Old stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading LTRY Old shares will generate the highest return on investment. By undertsting and applying LTRY Old stock market strength indicators, traders can identify LTRY Old entry and exit signals to maximize returns.

LTRY Old Risk Indicators

The analysis of LTRY Old'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 LTRY Old's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ltry stock 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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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 real.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Other Consideration for investing in LTRY Stock

If you are still planning to invest in LTRY Old check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the LTRY Old's history and understand the potential risks before investing.
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