Western Magnesium Pink Sheet Forecast - Polynomial Regression
The Polynomial Regression forecasted value of Western Magnesium on the next trading day is expected to be -0 with a mean absolute deviation of 0.000015 and the sum of the absolute errors of 0.0009. Western Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Western Magnesium's historical fundamentals, such as revenue growth or operating cash flow patterns.
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Western Magnesium Polynomial Regression Price Forecast For the 30th of November
Given 90 days horizon, the Polynomial Regression forecasted value of Western Magnesium on the next trading day is expected to be -0 with a mean absolute deviation of 0.000015, mean absolute percentage error of 0, and the sum of the absolute errors of 0.0009.Please note that although there have been many attempts to predict Western 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 Western Magnesium's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Western Magnesium Pink Sheet Forecast Pattern
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Western Magnesium Forecasted Value
In the context of forecasting Western Magnesium'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. Western Magnesium's downside and upside margins for the forecasting period are 0.00 and 12.70, respectively. We have considered Western Magnesium'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Western Magnesium pink sheet data series using in forecasting. Note that when a statistical model is used to represent Western Magnesium 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 | 96.4738 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 9.223372036854776E14 |
| SAE | Sum of the absolute errors | 9.0E-4 |
Predictive Modules for Western Magnesium
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Western Magnesium. 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 Western Magnesium'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.
Other Forecasting Options for Western Magnesium
For every potential investor in Western, whether a beginner or expert, Western Magnesium's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Western Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Western. Basic forecasting techniques help filter out the noise by identifying Western Magnesium's price trends.Western Magnesium 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 Western Magnesium pink sheet to make a market-neutral strategy. Peer analysis of Western Magnesium could also be used in its relative valuation, which is a method of valuing Western Magnesium by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Western Magnesium 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 Western Magnesium'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 Western Magnesium's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volume Indicators |
Currently Active Assets on Macroaxis
Other Information on Investing in Western Pink Sheet
Western Magnesium financial ratios help investors to determine whether Western 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 Western with respect to the benefits of owning Western Magnesium security.