Nexus Gold Pink Sheet Forecast - Naive Prediction

Summary

NXSGDDelisted Stock

0.01 0.00 0.00%

The Naive Prediction forecasted value of Nexus Gold Corp on the next trading day is expected to be -0.0092 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.02. Investors can use prediction functions to forecast Nexus Gold's stock prices and determine the direction of Nexus Gold Corp's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Nexus Gold's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

A naive forecasting model for Nexus Gold is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Nexus Gold Corp 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.

More About Naive Prediction All Equity Analysis

Nexus Gold Naive Prediction Price Forecast For the 28th of November

Given 90 days horizon, the Naive Prediction forecasted value of Nexus Gold Corp on the next trading day is expected to be -0.0092 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0006, and the sum of the absolute errors of 1.02.

Please note that although there have been many attempts to predict Nexus 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 Nexus Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Nexus Gold Pink Sheet Forecast Pattern

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 Nexus Gold pink sheet data series using in forecasting. Note that when a statistical model is used to represent Nexus Gold 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	110.64
Bias	Arithmetic mean of the errors	None
MAD	Mean absolute deviation	0.0167
MAPE	Mean absolute percentage error	0.6402
SAE	Sum of the absolute errors	1.0192

This model is not at all useful as a medium-long range forecasting tool of Nexus Gold Corp. 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 Nexus Gold. 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 Nexus Gold

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

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nexus Gold. Your research has to be compared to or analyzed against Nexus Gold's peers to derive any actionable benefits. When done correctly, Nexus Gold's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nexus Gold Corp.

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

Acumen Pharmaceuticals Valneva SE ADR Mink Therapeutics FitLife Brands, Common SkyWest Regeneron Pharmaceuticals Apogee Therapeutics, Common American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Nexus Gold Market Strength Events

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

	Rate Of Daily Change	1.0
	Day Median Price	0.01
	Day Typical Price	0.01
	Relative Strength Index	35.67

Nexus Gold Risk Indicators

The analysis of Nexus Gold'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 Nexus Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nexus 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.

	Mean Deviation	35.35
	Semi Deviation	18.16
	Standard Deviation	93.98
	Variance	8832.89
	Downside Variance	3546.19
	Semi Variance	329.83
	Expected Short fall	(302.68)

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.

ESRT	Empire State Realty
C	Citigroup
C	Citigroup

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Other Consideration for investing in Nexus Pink Sheet

If you are still planning to invest in Nexus Gold Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nexus Gold's history and understand the potential risks before investing.

	Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
	Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
	Money Managers Screen money managers from public funds and ETFs managed around the world
	Content Syndication Quickly integrate customizable finance content to your own investment portal
	Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios
	Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk
	Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Bonds Directory Find actively traded corporate debentures issued by US companies

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC