Pineapple Express Pink Sheet Forecast - Polynomial Regression

PNPL Stock  USD 0.13  0.00  0.00%   
The Polynomial Regression forecasted value of Pineapple Express on the next trading day is expected to be 0.14 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.29. Pineapple Pink Sheet Forecast is based on your current time horizon.
As of now the relative strength index (rsi) of Pineapple Express' share price is below 20 indicating that the pink sheet 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
The successful prediction of Pineapple Express' future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Pineapple Express and does not consider all of the tangible or intangible factors available from Pineapple Express' fundamental data. We analyze noise-free headlines and recent hype associated with Pineapple Express, which may create opportunities for some arbitrage if properly timed.
Using Pineapple Express hype-based prediction, you can estimate the value of Pineapple Express from the perspective of Pineapple Express response to recently generated media hype and the effects of current headlines on its competitors.
The Polynomial Regression forecasted value of Pineapple Express on the next trading day is expected to be 0.14 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.29.

Pineapple Express after-hype prediction price

    
  USD 0.13  
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 pink sheet price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Historical Fundamental Analysis of Pineapple Express to cross-verify your projections.

Pineapple Express Additional Predictive Modules

Most predictive techniques to examine Pineapple price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Pineapple using various technical indicators. When you analyze Pineapple 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.
Pineapple Express polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Pineapple Express as well as the accuracy indicators are determined from the period prices.

Pineapple Express Polynomial Regression Price Forecast For the 3rd of January

Given 90 days horizon, the Polynomial Regression forecasted value of Pineapple Express on the next trading day is expected to be 0.14 with a mean absolute deviation of 0, mean absolute percentage error of 0.000037, and the sum of the absolute errors of 0.29.
Please note that although there have been many attempts to predict Pineapple 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 Pineapple Express' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Pineapple Express Pink Sheet Forecast Pattern

Backtest Pineapple ExpressPineapple Express Price PredictionBuy or Sell Advice 

Pineapple Express Forecasted Value

In the context of forecasting Pineapple Express' 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. Pineapple Express' downside and upside margins for the forecasting period are 0 and 5.10, respectively. We have considered Pineapple Express' 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.
Market Value
0.13
0.14
Expected Value
5.10
Upside

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 Pineapple Express pink sheet data series using in forecasting. Note that when a statistical model is used to represent Pineapple Express 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.
AICAkaike Information Criteria107.9062
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0048
MAPEMean absolute percentage error0.0398
SAESum of the absolute errors0.2917
A single variable polynomial regression model attempts to put a curve through the Pineapple Express historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Pineapple Express

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pineapple Express. 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
LowEstimatedHigh
0.010.135.05
Details
Intrinsic
Valuation
LowRealHigh
0.010.105.03
Details

Other Forecasting Options for Pineapple Express

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

Pineapple Express 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 Pineapple Express pink sheet to make a market-neutral strategy. Peer analysis of Pineapple Express could also be used in its relative valuation, which is a method of valuing Pineapple Express by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Pineapple Express 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 Pineapple Express' 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 Pineapple Express' current price.

Pineapple Express Market Strength Events

Market strength indicators help investors to evaluate how Pineapple Express 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 Pineapple Express shares will generate the highest return on investment. By undertsting and applying Pineapple Express pink sheet market strength indicators, traders can identify Pineapple Express entry and exit signals to maximize returns.

Pineapple Express Risk Indicators

The analysis of Pineapple Express' 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 Pineapple Express' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pineapple 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.
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 Information on Investing in Pineapple Pink Sheet

Pineapple Express financial ratios help investors to determine whether Pineapple 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 Pineapple with respect to the benefits of owning Pineapple Express security.