Piedmont Lithium Stock Forecast - Polynomial Regression
| PLLDelisted Stock | USD 7.25 0.77 9.60% |
The Polynomial Regression forecasted value of Piedmont Lithium on the next trading day is expected to be 7.66 with a mean absolute deviation of 0.40 and the sum of the absolute errors of 24.20. Piedmont Stock Forecast is based on your current time horizon.
As of now the value of rsi of Piedmont Lithium's share price is below 20 indicating that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Piedmont Lithium hype-based prediction, you can estimate the value of Piedmont Lithium from the perspective of Piedmont Lithium response to recently generated media hype and the effects of current headlines on its competitors.
The Polynomial Regression forecasted value of Piedmont Lithium on the next trading day is expected to be 7.66 with a mean absolute deviation of 0.40 and the sum of the absolute errors of 24.20. Piedmont Lithium after-hype prediction price | USD 7.25 |
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 delisted stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Piedmont |
Piedmont Lithium Additional Predictive Modules
Most predictive techniques to examine Piedmont price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Piedmont using various technical indicators. When you analyze Piedmont 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Piedmont Lithium Polynomial Regression Price Forecast For the 8th of January
Given 90 days horizon, the Polynomial Regression forecasted value of Piedmont Lithium on the next trading day is expected to be 7.66 with a mean absolute deviation of 0.40, mean absolute percentage error of 0.27, and the sum of the absolute errors of 24.20.Please note that although there have been many attempts to predict Piedmont 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 Piedmont Lithium's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Piedmont Lithium Stock Forecast Pattern
| Backtest Piedmont Lithium | Piedmont Lithium Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Piedmont Lithium stock data series using in forecasting. Note that when a statistical model is used to represent Piedmont Lithium 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 | 116.8049 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3968 |
| MAPE | Mean absolute percentage error | 0.0517 |
| SAE | Sum of the absolute errors | 24.2036 |
Predictive Modules for Piedmont Lithium
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Piedmont Lithium. 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.Piedmont Lithium 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 Piedmont Lithium stock to make a market-neutral strategy. Peer analysis of Piedmont Lithium could also be used in its relative valuation, which is a method of valuing Piedmont Lithium by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Piedmont Lithium Market Strength Events
Market strength indicators help investors to evaluate how Piedmont Lithium stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Piedmont Lithium shares will generate the highest return on investment. By undertsting and applying Piedmont Lithium stock market strength indicators, traders can identify Piedmont Lithium entry and exit signals to maximize returns.
Piedmont Lithium Risk Indicators
The analysis of Piedmont Lithium'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 Piedmont Lithium's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting piedmont 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 | 3.85 | |||
| Semi Deviation | 3.86 | |||
| Standard Deviation | 5.04 | |||
| Variance | 25.42 | |||
| Downside Variance | 16.53 | |||
| Semi Variance | 14.92 | |||
| Expected Short fall | (4.69) |
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.
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Other Consideration for investing in Piedmont Stock
If you are still planning to invest in Piedmont Lithium check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Piedmont Lithium's history and understand the potential risks before investing.
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