Metcash Pink Sheet Forecast - Polynomial Regression
| MCSHFDelisted Stock | USD 2.85 0.00 0.00% |
The Polynomial Regression forecasted value of Metcash Limited on the next trading day is expected to be 2.62 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 3.62. Metcash Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Metcash's historical fundamentals, such as revenue growth or operating cash flow patterns.
Metcash |
Metcash Polynomial Regression Price Forecast For the 28th of December
Given 90 days horizon, the Polynomial Regression forecasted value of Metcash Limited on the next trading day is expected to be 2.62 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.02, and the sum of the absolute errors of 3.62.Please note that although there have been many attempts to predict Metcash 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 Metcash's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Metcash Pink Sheet Forecast Pattern
| Backtest Metcash | Metcash Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Metcash pink sheet data series using in forecasting. Note that when a statistical model is used to represent Metcash 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 | 81.0957 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0842 |
| MAPE | Mean absolute percentage error | 0.0392 |
| SAE | Sum of the absolute errors | 3.6206 |
Predictive Modules for Metcash
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Metcash Limited. 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.Metcash 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 Metcash pink sheet to make a market-neutral strategy. Peer analysis of Metcash could also be used in its relative valuation, which is a method of valuing Metcash by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Metcash Market Strength Events
Market strength indicators help investors to evaluate how Metcash 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 Metcash shares will generate the highest return on investment. By undertsting and applying Metcash pink sheet market strength indicators, traders can identify Metcash Limited entry and exit signals to maximize returns.
Currently Active Assets on Macroaxis
| DD | Dupont De Nemours | |
| CRDO | Credo Technology Group | |
| GOOG | Alphabet Inc Class C | |
| BAC | Bank of America | |
| CRM | Salesforce |
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 rate. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Other Consideration for investing in Metcash Pink Sheet
If you are still planning to invest in Metcash Limited 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 Metcash's history and understand the potential risks before investing.
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal |