Neste Oyj Pink Sheet Forecast - Naive Prediction

Neste Oyj Additional Predictive Modules

Most predictive techniques to examine Neste price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Neste using various technical indicators. When you analyze Neste 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. A naive forecasting model for Neste Oyj is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Neste Oyj value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Neste Oyj Naive Prediction Price Forecast For the 28th of January

Given 90 days horizon, the Naive Prediction forecasted value of Neste Oyj on the next trading day is expected to be 27.05 with a mean absolute deviation of 0.50, mean absolute percentage error of 0.38, and the sum of the absolute errors of 31.11.

Neste Oyj Pink Sheet Forecast Pattern

Backtest Neste Oyj

Neste Oyj Price Prediction

Buy or Sell Advice

Neste Oyj Forecasted Value

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 Neste Oyj pink sheet data series using in forecasting. Note that when a statistical model is used to represent Neste Oyj 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. This model is not at all useful as a medium-long range forecasting tool of Neste Oyj. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Neste Oyj. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Neste Oyj

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Neste Oyj. 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.

Hype Prediction Low Estimated High 22.79 25.90 29.01 Details

Intrinsic Valuation Low Real High 25.28 28.39 31.50 Details

Bollinger Band Projection (param) Low Middle High 20.96 23.07 25.19 Details

Neste Oyj After-Hype Price Density Analysis

Neste Oyj Estimiated After-Hype Price Volatility

Neste Oyj Pink Sheet Price Outlook Analysis

Notes

Neste Oyj Hype Timeline

Neste Oyj is now traded for 25.90. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Neste is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is now at 0.6%. %. The volatility of related hype on Neste Oyj is about 0.0%, with the expected price after the next announcement by competition of 25.90. About 37.0% of the company outstanding shares are owned by corporate insiders. The book value of Neste Oyj was now reported as 10.84. The company last dividend was issued on the 29th of March 2023. Neste Oyj had 3:1 split on the 3rd of April 2019. Assuming the 90 days horizon the next forecasted press release will be uncertain. Check out Historical Fundamental Analysis of Neste Oyj to cross-verify your projections.

Neste Oyj Related Hype Analysis

Other Forecasting Options for Neste Oyj

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

Neste Oyj Related Equities

Risk & Return

Correlation

Neste Oyj Market Strength Events

Neste Oyj Risk Indicators

Story Coverage note for Neste Oyj

Other Information on Investing in Neste Pink Sheet