Omnitek Engineering OTC Stock Forecast - Naive Prediction
| OMTK Stock | USD 0.01 0.00 0.00% |
The Naive Prediction forecasted value of Omnitek Engineering on the next trading day is expected to be 0.01 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.10. Omnitek OTC Stock Forecast is based on your current time horizon.
As of now, the value of RSI of Omnitek Engineering's share price is approaching 47. This indicates that the otc 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 Omnitek Engineering, making its price go up or down. Momentum 47
Impartial
Oversold | Overbought |
Using Omnitek Engineering hype-based prediction, you can estimate the value of Omnitek Engineering from the perspective of Omnitek Engineering response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Omnitek Engineering on the next trading day is expected to be 0.01 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.10. Omnitek Engineering after-hype prediction price | USD 0.01 |
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 otc price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Omnitek |
Omnitek Engineering Additional Predictive Modules
Most predictive techniques to examine Omnitek price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Omnitek using various technical indicators. When you analyze Omnitek 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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| Pattern Recognition | ||
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| Volatility Indicators | ||
| Volume Indicators |
Omnitek Engineering Naive Prediction Price Forecast For the 24th of January
Given 90 days horizon, the Naive Prediction forecasted value of Omnitek Engineering on the next trading day is expected to be 0.01 with a mean absolute deviation of 0, mean absolute percentage error of 0.00000757, and the sum of the absolute errors of 0.10.Please note that although there have been many attempts to predict Omnitek 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 Omnitek Engineering's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Omnitek Engineering OTC Stock Forecast Pattern
| Backtest Omnitek Engineering | Omnitek Engineering Price Prediction | Buy or Sell Advice |
Omnitek Engineering Forecasted Value
In the context of forecasting Omnitek Engineering'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. Omnitek Engineering's downside and upside margins for the forecasting period are 0.0001 and 25.10, respectively. We have considered Omnitek Engineering'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Omnitek Engineering otc stock data series using in forecasting. Note that when a statistical model is used to represent Omnitek Engineering 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 | 106.3192 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0017 |
| MAPE | Mean absolute percentage error | 0.1308 |
| SAE | Sum of the absolute errors | 0.1029 |
Predictive Modules for Omnitek Engineering
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Omnitek Engineering. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Omnitek Engineering'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.
Omnitek Engineering After-Hype Price Prediction Density Analysis
As far as predicting the price of Omnitek Engineering at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Omnitek Engineering or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of OTC Stock prices, such as prices of Omnitek Engineering, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Omnitek Engineering Estimiated After-Hype Price Volatility
In the context of predicting Omnitek Engineering's otc stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Omnitek Engineering's historical news coverage. Omnitek Engineering's after-hype downside and upside margins for the prediction period are 0.00 and 24.89, respectively. We have considered Omnitek Engineering's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Omnitek Engineering is out of control at this time. Analysis and calculation of next after-hype price of Omnitek Engineering is based on 3 months time horizon.
Omnitek Engineering OTC Stock Price Prediction Analysis
Have you ever been surprised when a price of a OTC Stock such as Omnitek Engineering is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Omnitek Engineering backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the OTC price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Omnitek Engineering, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
2.50 | 25.08 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Uncertain |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
0.01 | 0.01 | 0.00 |
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Omnitek Engineering Hype Timeline
Omnitek Engineering is now traded for 0.01. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Omnitek 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 2.5%. %. The volatility of related hype on Omnitek Engineering is about 0.0%, with the expected price after the next announcement by competition of 0.01. About 40.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 0.0. Omnitek Engineering had not issued any dividends in recent years. The entity had 2:1 split on the 3rd of December 2007. Given the investment horizon of 90 days the next anticipated press release will be uncertain. Check out Historical Fundamental Analysis of Omnitek Engineering to cross-verify your projections.Omnitek Engineering Related Hype Analysis
Having access to credible news sources related to Omnitek Engineering's direct competition is more important than ever and may enhance your ability to predict Omnitek Engineering's future price movements. Getting to know how Omnitek Engineering's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Omnitek Engineering may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| TUGAF | TUGA Innovations | 0.00 | 0 per month | 0.00 | 0.08 | 0.00 | 0.00 | 174.72 | |
| SNSGF | Sense Technologies | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CGAC | Code Green Apparel | 0.00 | 1 per month | 0.00 | 0.07 | 0.00 | 0.00 | 150.00 | |
| SCFFF | Spot Coffee | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| BLUU | Blue Water Global | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| STHI | Sprout Tiny Homes | 0.00 | 0 per month | 13.09 | 0.1 | 49.15 | (32.95) | 233.46 | |
| AGRS | Agristar | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| GMBL | Esports Entertainment Group | 0.00 | 0 per month | 11.73 | 0.02 | 25.81 | (23.33) | 75.63 | |
| NNAX | New Momentum | 0.00 | 0 per month | 0.00 | 0.07 | 25.00 | (20.00) | 58.33 | |
| BRGO | Bergio Intl | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Other Forecasting Options for Omnitek Engineering
For every potential investor in Omnitek, whether a beginner or expert, Omnitek Engineering's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Omnitek OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Omnitek. Basic forecasting techniques help filter out the noise by identifying Omnitek Engineering's price trends.Omnitek Engineering 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 Omnitek Engineering otc stock to make a market-neutral strategy. Peer analysis of Omnitek Engineering could also be used in its relative valuation, which is a method of valuing Omnitek Engineering by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Omnitek Engineering Market Strength Events
Market strength indicators help investors to evaluate how Omnitek Engineering 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 Omnitek Engineering shares will generate the highest return on investment. By undertsting and applying Omnitek Engineering otc stock market strength indicators, traders can identify Omnitek Engineering entry and exit signals to maximize returns.
Omnitek Engineering Risk Indicators
The analysis of Omnitek Engineering'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 Omnitek Engineering's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting omnitek 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 | 9.59 | |||
| Standard Deviation | 24.88 | |||
| Variance | 618.85 |
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.
Story Coverage note for Omnitek Engineering
The number of cover stories for Omnitek Engineering depends on current market conditions and Omnitek Engineering's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Omnitek Engineering is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Omnitek Engineering's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Other Information on Investing in Omnitek OTC Stock
Omnitek Engineering financial ratios help investors to determine whether Omnitek 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 Omnitek with respect to the benefits of owning Omnitek Engineering security.