Orea Mining Pink Sheet Forecast - 8 Period Moving Average
The 8 Period Moving Average forecasted value of Orea Mining Corp on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Orea Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Orea Mining's historical fundamentals, such as revenue growth or operating cash flow patterns.
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Orea Mining 8 Period Moving Average Price Forecast For the 12th of December 2024
Given 90 days horizon, the 8 Period Moving Average forecasted value of Orea Mining Corp on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict Orea 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 Orea Mining's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Orea Mining Pink Sheet Forecast Pattern
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Orea Mining Forecasted Value
In the context of forecasting Orea Mining's Pink Sheet 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. Orea Mining's downside and upside margins for the forecasting period are 0.00 and 0.00, respectively. We have considered Orea Mining'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Orea Mining pink sheet data series using in forecasting. Note that when a statistical model is used to represent Orea Mining 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 | -9.223372036854776E14 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Orea Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Orea Mining 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.Other Forecasting Options for Orea Mining
For every potential investor in Orea, whether a beginner or expert, Orea Mining's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Orea Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Orea. Basic forecasting techniques help filter out the noise by identifying Orea Mining's price trends.View Orea Mining Related Equities
| Risk & Return | Correlation |
Orea Mining Corp Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Orea Mining's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Orea Mining's current price.| Cycle Indicators | ||
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Other Information on Investing in Orea Pink Sheet
Orea Mining financial ratios help investors to determine whether Orea Pink Sheet 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 Orea with respect to the benefits of owning Orea Mining security.