Osisko Development Stock Forecast - Naive Prediction
| ODVWZ Stock | 0.18 0.07 28.00% |
The Naive Prediction forecasted value of Osisko Development Corp on the next trading day is expected to be 0.16 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.62. Osisko Stock Forecast is based on your current time horizon.
At this time, the relative strength momentum indicator of Osisko Development's share price is approaching 45. This indicates that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Osisko Development, making its price go up or down. Momentum 45
Impartial
Oversold | Overbought |
Quarterly Revenue Growth 26.385 |
Using Osisko Development hype-based prediction, you can estimate the value of Osisko Development Corp from the perspective of Osisko Development response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Osisko Development Corp on the next trading day is expected to be 0.16 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.62. Osisko Development after-hype prediction price | USD 0.17 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Your Equity Center 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 services. Osisko Development Additional Predictive Modules
Most predictive techniques to examine Osisko price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Osisko using various technical indicators. When you analyze Osisko 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.| Cycle Indicators | ||
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Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Osisko Development's financial statements to predict how it will affect future prices.
Cash | First Reported 2010-12-31 | Previous Quarter 122.7 M | Current Value 90.7 M | Quarterly Volatility 57.4 M |
Osisko Development Naive Prediction Price Forecast For the 10th of January
Given 90 days horizon, the Naive Prediction forecasted value of Osisko Development Corp on the next trading day is expected to be 0.16 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.62.Please note that although there have been many attempts to predict Osisko 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 Osisko Development's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Osisko Development Stock Forecast Pattern
| Backtest Osisko Development | Osisko Development 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 Osisko Development stock data series using in forecasting. Note that when a statistical model is used to represent Osisko Development 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 | 111.2796 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0265 |
| MAPE | Mean absolute percentage error | 0.1063 |
| SAE | Sum of the absolute errors | 1.6156 |
Predictive Modules for Osisko Development
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Osisko Development Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Osisko Development's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Osisko Development 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 Osisko Development stock to make a market-neutral strategy. Peer analysis of Osisko Development could also be used in its relative valuation, which is a method of valuing Osisko Development by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Osisko Development Market Strength Events
Market strength indicators help investors to evaluate how Osisko Development stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Osisko Development shares will generate the highest return on investment. By undertsting and applying Osisko Development stock market strength indicators, traders can identify Osisko Development Corp entry and exit signals to maximize returns.
Osisko Development Risk Indicators
The analysis of Osisko Development'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 Osisko Development's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting osisko 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 | 11.55 | |||
| Semi Deviation | 13.97 | |||
| Standard Deviation | 16.8 | |||
| Variance | 282.13 | |||
| Downside Variance | 330.55 | |||
| Semi Variance | 195.15 | |||
| Expected Short fall | (14.97) |
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.Additional Tools for Osisko Stock Analysis
When running Osisko Development's price analysis, check to measure Osisko Development's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Osisko Development is operating at the current time. Most of Osisko Development's value examination focuses on studying past and present price action to predict the probability of Osisko Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Osisko Development's price. Additionally, you may evaluate how the addition of Osisko Development to your portfolios can decrease your overall portfolio volatility.