Pardee Resources Pink Sheet Forecast - Simple Moving Average
| PDER Stock | USD 308.00 1.01 0.33% |
The Simple Moving Average forecasted value of Pardee Resources Co on the next trading day is expected to be 308.50 with a mean absolute deviation of 2.42 and the sum of the absolute errors of 142.84. Pardee Pink Sheet Forecast is based on your current time horizon.
Pardee |
Pardee Resources Simple Moving Average Price Forecast For the 24th of November
Given 90 days horizon, the Simple Moving Average forecasted value of Pardee Resources Co on the next trading day is expected to be 308.50 with a mean absolute deviation of 2.42, mean absolute percentage error of 10.01, and the sum of the absolute errors of 142.84.Please note that although there have been many attempts to predict Pardee 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 Pardee Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pardee Resources Pink Sheet Forecast Pattern
| Backtest Pardee Resources | Pardee Resources Price Prediction | Buy or Sell Advice |
Pardee Resources Forecasted Value
In the context of forecasting Pardee Resources' 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. Pardee Resources' downside and upside margins for the forecasting period are 307.25 and 309.76, respectively. We have considered Pardee Resources' 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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Pardee Resources pink sheet data series using in forecasting. Note that when a statistical model is used to represent Pardee Resources 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 | 116.7383 |
| Bias | Arithmetic mean of the errors | -0.1764 |
| MAD | Mean absolute deviation | 2.4209 |
| MAPE | Mean absolute percentage error | 0.0079 |
| SAE | Sum of the absolute errors | 142.835 |
Predictive Modules for Pardee Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pardee Resources. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pardee Resources' 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.
Other Forecasting Options for Pardee Resources
For every potential investor in Pardee, whether a beginner or expert, Pardee Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Pardee Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Pardee. Basic forecasting techniques help filter out the noise by identifying Pardee Resources' price trends.Pardee Resources 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 Pardee Resources pink sheet to make a market-neutral strategy. Peer analysis of Pardee Resources could also be used in its relative valuation, which is a method of valuing Pardee Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pardee Resources 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 Pardee Resources' 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 Pardee Resources' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Pardee Resources Market Strength Events
Market strength indicators help investors to evaluate how Pardee Resources pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pardee Resources shares will generate the highest return on investment. By undertsting and applying Pardee Resources pink sheet market strength indicators, traders can identify Pardee Resources Co entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 308.0 | |||
| Day Typical Price | 308.0 | |||
| Price Action Indicator | (0.50) | |||
| Period Momentum Indicator | (1.01) | |||
| Relative Strength Index | 33.0 |
Pardee Resources Risk Indicators
The analysis of Pardee Resources' 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 Pardee Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pardee pink sheet 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 | 0.8104 | |||
| Semi Deviation | 0.8257 | |||
| Standard Deviation | 1.3 | |||
| Variance | 1.7 | |||
| Downside Variance | 1.27 | |||
| Semi Variance | 0.6818 | |||
| Expected Short fall | (1.21) |
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.
Pair Trading with Pardee Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pardee Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pardee Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Pardee Pink Sheet
Moving against Pardee Pink Sheet
| 0.59 | NOV | NOV Inc | PairCorr |
| 0.43 | CHOLF | China Oilfield Services | PairCorr |
| 0.34 | HAL | Halliburton Fiscal Year End 28th of January 2025 | PairCorr |
| 0.34 | MRLWF | Marlowe plc Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Pardee Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pardee Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pardee Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pardee Resources Co to buy it.
The correlation of Pardee Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pardee Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pardee Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pardee Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Pardee Pink Sheet Analysis
When running Pardee Resources' price analysis, check to measure Pardee Resources' 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 Pardee Resources is operating at the current time. Most of Pardee Resources' value examination focuses on studying past and present price action to predict the probability of Pardee Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pardee Resources' price. Additionally, you may evaluate how the addition of Pardee Resources to your portfolios can decrease your overall portfolio volatility.