NZX Pink Sheet Forecast - Naive Prediction

NZX Additional Predictive Modules

Most predictive techniques to examine NZX price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for NZX using various technical indicators. When you analyze NZX 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 NZX is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of NZX Limited 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.

NZX Naive Prediction Price Forecast For the 26th of January

Given 90 days horizon, the Naive Prediction forecasted value of NZX Limited on the next trading day is expected to be 0.87 with a mean absolute deviation of 0, mean absolute percentage error of 0, and the sum of the absolute errors of 0.

NZX Pink Sheet Forecast Pattern

Backtest NZX

NZX Price Prediction

Buy or Sell Advice

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 NZX pink sheet data series using in forecasting. Note that when a statistical model is used to represent NZX 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 NZX Limited. 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 NZX. 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 NZX

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NZX Limited. 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 0.87 0.87 0.87 Details

Intrinsic Valuation Low Real High 0.74 0.74 0.96 Details

Bollinger Band Projection (param) Low Middle High 0.87 0.87 0.87 Details

NZX After-Hype Price Prediction Density Analysis

NZX Estimiated After-Hype Price Volatility

NZX Pink Sheet Price Prediction Analysis

NZX Hype Timeline

NZX Limited is now traded for 0.87. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. NZX is anticipated 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 anticipated to be very small, whereas the daily expected return is now at 0.0%. %. The volatility of related hype on NZX is about 0.0%, with the expected price after the next announcement by competition of 0.87. About 17.0% of the company shares are owned by institutional investors. The book value of NZX was now reported as 0.36. The company last dividend was issued on the 8th of September 2022. NZX Limited had 23305:1000 split on the 23rd of May 2012. Assuming the 90 days horizon the next anticipated press release will be uncertain. 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 real.

NZX Related Hype Analysis

NZX Related Equities

Risk & Return

Correlation

NZX Market Strength Events

NZX Risk Indicators

Story Coverage note for NZX

Other Macroaxis Stories

NZX Short Properties

Other Consideration for investing in NZX Pink Sheet