Nevada Canyon OTC Stock Forecast - Naive Prediction
| NGLD Stock | USD 0.61 0.01 1.67% |
The Naive Prediction forecasted value of Nevada Canyon Gold on the next trading day is expected to be 0.60 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.49. Nevada OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nevada Canyon stock prices and determine the direction of Nevada Canyon Gold's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nevada Canyon's historical fundamentals, such as revenue growth or operating cash flow patterns.
Nevada |
Nevada Canyon Naive Prediction Price Forecast For the 28th of December
Given 90 days horizon, the Naive Prediction forecasted value of Nevada Canyon Gold on the next trading day is expected to be 0.60 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0009, and the sum of the absolute errors of 1.49.Please note that although there have been many attempts to predict Nevada OTC 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 Nevada Canyon's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nevada Canyon OTC Stock Forecast Pattern
| Backtest Nevada Canyon | Nevada Canyon Price Prediction | Buy or Sell Advice |
Nevada Canyon Forecasted Value
In the context of forecasting Nevada Canyon's OTC Stock 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. Nevada Canyon's downside and upside margins for the forecasting period are 0.01 and 6.13, respectively. We have considered Nevada Canyon'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Nevada Canyon otc stock data series using in forecasting. Note that when a statistical model is used to represent Nevada Canyon otc 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.| AIC | Akaike Information Criteria | 112.958 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.024 |
| MAPE | Mean absolute percentage error | 0.0364 |
| SAE | Sum of the absolute errors | 1.4881 |
Predictive Modules for Nevada Canyon
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nevada Canyon Gold. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.Other Forecasting Options for Nevada Canyon
For every potential investor in Nevada, whether a beginner or expert, Nevada Canyon's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nevada OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nevada. Basic forecasting techniques help filter out the noise by identifying Nevada Canyon's price trends.Nevada Canyon 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 Nevada Canyon otc stock to make a market-neutral strategy. Peer analysis of Nevada Canyon could also be used in its relative valuation, which is a method of valuing Nevada Canyon by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nevada Canyon Gold Technical and Predictive Analytics
The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Nevada Canyon'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 Nevada Canyon's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
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Nevada Canyon Market Strength Events
Market strength indicators help investors to evaluate how Nevada Canyon otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nevada Canyon shares will generate the highest return on investment. By undertsting and applying Nevada Canyon otc stock market strength indicators, traders can identify Nevada Canyon Gold entry and exit signals to maximize returns.
| Accumulation Distribution | 1536.06 | |||
| Daily Balance Of Power | 0.2 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 0.64 | |||
| Day Typical Price | 0.63 | |||
| Price Action Indicator | (0.02) | |||
| Period Momentum Indicator | 0.01 |
Nevada Canyon Risk Indicators
The analysis of Nevada Canyon'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 Nevada Canyon's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nevada otc 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.
| Mean Deviation | 4.22 | |||
| Standard Deviation | 5.78 | |||
| Variance | 33.38 |
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.Other Information on Investing in Nevada OTC Stock
Nevada Canyon financial ratios help investors to determine whether Nevada OTC Stock 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 Nevada with respect to the benefits of owning Nevada Canyon security.