New Age OTC Stock Forecast - 20 Period Moving Average
| NMTLF Stock | USD 0.06 0 3.02% |
The 20 Period Moving Average forecasted value of New Age Metals on the next trading day is expected to be 0.08 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.54. New OTC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of New Age's historical fundamentals, such as revenue growth or operating cash flow patterns.
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New Age 20 Period Moving Average Price Forecast For the 29th of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of New Age Metals on the next trading day is expected to be 0.08 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0002, and the sum of the absolute errors of 0.54.Please note that although there have been many attempts to predict New 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 New Age's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
New Age OTC Stock Forecast Pattern
| Backtest New Age | New Age Price Prediction | Buy or Sell Advice |
New Age Forecasted Value
In the context of forecasting New Age'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. New Age's downside and upside margins for the forecasting period are 0.0006 and 27.66, respectively. We have considered New Age'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of New Age otc stock data series using in forecasting. Note that when a statistical model is used to represent New Age 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 | 72.9972 |
| Bias | Arithmetic mean of the errors | -0.0027 |
| MAD | Mean absolute deviation | 0.0131 |
| MAPE | Mean absolute percentage error | 0.1666 |
| SAE | Sum of the absolute errors | 0.5369 |
Predictive Modules for New Age
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Age Metals. 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 New Age
For every potential investor in New, whether a beginner or expert, New Age's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. New OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in New. Basic forecasting techniques help filter out the noise by identifying New Age's price trends.New Age 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 New Age otc stock to make a market-neutral strategy. Peer analysis of New Age could also be used in its relative valuation, which is a method of valuing New Age by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
New Age Metals 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 New Age'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 New Age's current price.| Cycle Indicators | ||
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New Age Market Strength Events
Market strength indicators help investors to evaluate how New Age 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 New Age shares will generate the highest return on investment. By undertsting and applying New Age otc stock market strength indicators, traders can identify New Age Metals entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 0.0611 | |||
| Day Typical Price | 0.0611 | |||
| Price Action Indicator | (0.0009) | |||
| Period Momentum Indicator | (0) |
New Age Risk Indicators
The analysis of New Age'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 New Age's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting new 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 | 18.34 | |||
| Semi Deviation | 17.13 | |||
| Standard Deviation | 37.1 | |||
| Variance | 1376.73 | |||
| Downside Variance | 504.09 | |||
| Semi Variance | 293.33 | |||
| Expected Short fall | (28.63) |
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.
Currently Active Assets on Macroaxis
Other Information on Investing in New OTC Stock
New Age financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New Age security.