Progressive Planet Stock Forecast - Naive Prediction

Progressive Planet Additional Predictive Modules

Most predictive techniques to examine Progressive price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Progressive using various technical indicators. When you analyze Progressive 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. A naive forecasting model for Progressive Planet is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Progressive Planet Solutions value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Progressive Planet Naive Prediction Price Forecast For the 24th of January

Given 90 days horizon, the Naive Prediction forecasted value of Progressive Planet Solutions on the next trading day is expected to be 0.37 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0001, and the sum of the absolute errors of 0.58.

Progressive Planet Stock Forecast Pattern

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Progressive Planet Forecasted Value

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 Progressive Planet stock data series using in forecasting. Note that when a statistical model is used to represent Progressive Planet 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. This model is not at all useful as a medium-long range forecasting tool of Progressive Planet Solutions. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Progressive Planet. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Progressive Planet

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

Hype Prediction Low Estimated High 0.02 0.38 4.46 Details

Intrinsic Valuation Low Real High 0.02 0.30 4.38 Details

Bollinger Band Projection (param) Low Middle High 0.31 0.37 0.42 Details

Progressive Planet After-Hype Price Prediction Density Analysis

Progressive Planet Estimiated After-Hype Price Volatility

Progressive Planet Stock Price Prediction Analysis

Progressive Planet Hype Timeline

Progressive Planet is at this time traded for 0.38on TSX Venture Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.01. Progressive is forecasted 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 forecasted to be very small, whereas the daily expected return is at this time at 0.47%. %. The volatility of related hype on Progressive Planet is about 25687.5%, with the expected price after the next announcement by competition of 0.37. About 30.0% of the company outstanding shares are owned by corporate insiders. The book value of Progressive Planet was at this time reported as 0.15. The company last dividend was issued on the 20th of December 2019. Progressive Planet had 1:3 split on the 20th of December 2019. Assuming the 90 days trading horizon the next forecasted press release will be within a week. Check out Historical Fundamental Analysis of Progressive Planet to cross-verify your projections.

Progressive Planet Related Hype Analysis

Other Forecasting Options for Progressive Planet

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

Progressive Planet Related Equities

Risk & Return

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Progressive Planet Market Strength Events

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Story Coverage note for Progressive Planet

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Progressive Planet Short Properties

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