Neon Bloom Pink Sheet Forecast - Simple Regression

NBCO Stock  USD 0.01  0.00  0.00%   
The Simple Regression forecasted value of Neon Bloom on the next trading day is expected to be 0.01 with a mean absolute deviation of 0.0004 and the sum of the absolute errors of 0.02. Neon Pink Sheet Forecast is based on your current time horizon.
As of today the relative strength index (rsi) of Neon Bloom's share price is below 20 . This indicates that the pink sheet 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 Neon Bloom's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Neon Bloom, which may create opportunities for some arbitrage if properly timed.
Using Neon Bloom hype-based prediction, you can estimate the value of Neon Bloom from the perspective of Neon Bloom response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Neon Bloom on the next trading day is expected to be 0.01 with a mean absolute deviation of 0.0004 and the sum of the absolute errors of 0.02.

Neon Bloom after-hype prediction price

    
  USD 0.008746  
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.
  
Check out Historical Fundamental Analysis of Neon Bloom to cross-verify your projections.

Neon Bloom Additional Predictive Modules

Most predictive techniques to examine Neon price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Neon using various technical indicators. When you analyze Neon 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 Neon Bloom 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.

Neon Bloom Simple Regression Price Forecast For the 3rd of January

Given 90 days horizon, the Simple Regression forecasted value of Neon Bloom on the next trading day is expected to be 0.01 with a mean absolute deviation of 0.0004, mean absolute percentage error of 0.00000026, and the sum of the absolute errors of 0.02.
Please note that although there have been many attempts to predict Neon 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 Neon Bloom's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Neon Bloom Pink Sheet Forecast Pattern

Backtest Neon BloomNeon Bloom Price PredictionBuy or Sell Advice 

Neon Bloom Forecasted Value

In the context of forecasting Neon Bloom'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. Neon Bloom's downside and upside margins for the forecasting period are 0.000065 and 4.94, respectively. We have considered Neon Bloom'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
0.01
0.000065
Downside
0.01
Expected Value
4.94
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 Neon Bloom pink sheet data series using in forecasting. Note that when a statistical model is used to represent Neon Bloom 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 Criteria102.9557
BiasArithmetic mean of the errors None
MADMean absolute deviation4.0E-4
MAPEMean absolute percentage error0.0478
SAESum of the absolute errors0.0216
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 Neon Bloom 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 Neon Bloom

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Neon Bloom. 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 Neon Bloom'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
0.000.014.94
Details
Intrinsic
Valuation
LowRealHigh
0.000.014.94
Details

Other Forecasting Options for Neon Bloom

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

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

Neon Bloom 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 Neon Bloom'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 Neon Bloom's current price.

Neon Bloom Market Strength Events

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

Neon Bloom Risk Indicators

The analysis of Neon Bloom'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 Neon Bloom's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting neon 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.

Pair Trading with Neon Bloom

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Neon Bloom position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Neon Bloom will appreciate offsetting losses from the drop in the long position's value.

Moving against Neon Pink Sheet

  0.41WF Woori Financial GroupPairCorr
  0.35KB KB Financial GroupPairCorr
  0.31PPERF Bank Mandiri PerseroPairCorr
The ability to find closely correlated positions to Neon Bloom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neon Bloom when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Neon Bloom - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Neon Bloom to buy it.
The correlation of Neon Bloom is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Neon Bloom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neon Bloom moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Neon Bloom can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Neon Pink Sheet

Neon Bloom financial ratios help investors to determine whether Neon 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 Neon with respect to the benefits of owning Neon Bloom security.