Orvana Minerals Pink Sheet Forward View - Double Exponential Smoothing

Orvana Minerals Additional Predictive Modules

Most predictive techniques to examine Orvana price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Orvana using various technical indicators. When you analyze Orvana 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. Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Orvana Minerals works best with periods where there are trends or seasonality.

Orvana Minerals Double Exponential Smoothing Price Forecast For the 6th of February

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Orvana Minerals Corp on the next trading day is expected to be 1.27 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.64.

Orvana Minerals Pink Sheet Forecast Pattern

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Orvana Minerals Price Prediction

Research Analysis

Orvana Minerals Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Orvana Minerals pink sheet data series using in forecasting. Note that when a statistical model is used to represent Orvana Minerals 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. When Orvana Minerals Corp prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any Orvana Minerals Corp trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Orvana Minerals observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Orvana Minerals

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

Hype Prediction Low Estimated High 0.07 1.31 6.78 Details

Intrinsic Valuation Low Real High 0.07 1.30 6.77 Details

Bollinger Band Projection (param) Low Middle High 1.26 1.51 1.76 Details

Orvana Minerals After-Hype Price Density Analysis

Orvana Minerals Estimiated After-Hype Price Volatility

Orvana Minerals Pink Sheet Price Outlook Analysis

Notes

Orvana Minerals Hype Timeline

Orvana Minerals Corp is now traded for 1.31. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.15. Orvana is expected 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 expected to be very small, whereas the daily expected return is now at 0.57%. %. The volatility of related hype on Orvana Minerals is about 2079.85%, with the expected price after the next announcement by competition of 1.16. About 52.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.33. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Orvana Minerals Corp recorded a loss per share of 0.06. The entity had not issued any dividends in recent years. Assuming the 90 days horizon the next expected press release will be uncertain. Check out Historical Fundamental Analysis of Orvana Minerals to cross-verify your projections.

Orvana Minerals Related Hype Analysis

Other Forecasting Options for Orvana Minerals

For every potential investor in Orvana, whether a beginner or expert, Orvana Minerals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Orvana Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Orvana. Basic forecasting techniques help filter out the noise by identifying Orvana Minerals' price trends.

Orvana Minerals Related Equities

Risk & Return

Correlation

Orvana Minerals Market Strength Events

Orvana Minerals Risk Indicators

Story Coverage note for Orvana Minerals

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Other Information on Investing in Orvana Pink Sheet