Prom Resources Pink Sheet Forward View - Polynomial Regression
| PRMO Pink Sheet | USD 0.03 -0.0041 -13.14% |
This Polynomial Regression projection for Prom Resources is fitted to the equity's recent daily closes. Low error metrics relative to the price level indicate the model fits recent trading behavior well. The Polynomial Regression model projects Prom Resources at 0.02 for the next trading day, below the most recent closing price. This forecast is one analytical input among many and should be assessed in the context of broader analysis.
Polynomial Regression Price Forecast For the 8th of May
Over a 90-day horizon, the Polynomial Regression model forecasts Prom Resources at 0.02 for the next trading day, with a mean absolute deviation of 0.002 , mean absolute percentage error of 0.06 , and sum of absolute errors of 0.12 .This indicates moderate forecast accuracy — the model captures the general trend but not all short-term variation in Prom Resources' price. This output is intended for short-term analytical reference.
Pink Sheet Forecast Pattern
| Backtest Prom Resources | Prom Resources Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast range for Prom Resources defines statistically derived downside and upside boundaries based on model performance. The current forecast range spans downside near 0.0003 and upside near 7.00. The wide range indicates elevated uncertainty in short-term projections.
Model Predictive Factors
The table below summarizes the Polynomial Regression model's error metrics for Prom Resources pink sheet. Lower MAD and MAPE values indicate tighter forecast accuracy. AIC measures relative model quality — lower values indicate less information loss and a better-fitting model. A large Bias suggests systematic over- or under-prediction.| AIC | Akaike Information Criteria | 106.7358 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.002 |
| MAPE | Mean absolute percentage error | 0.0598 |
| SAE | Sum of the absolute errors | 0.1193 |
Other Forecasting Options for Prom Resources
The autocorrelation structure of Prom Resources' daily returns reveals whether Prom Resources exhibits momentum, mean-reversion, or random-walk behavior. Separating these elements distinguishes persistent directional moves from temporary noise in Prom Resources Pink Sheet price data.Prom Resources Related Equities
These firms work in a similar space as Prom Resources within the Other Industrial Metals & Mining space and serve as useful points for comparison. Peer review on balance sheet metrics shows how Prom Resources' capital structure stacks up against similar firms. When Prom Resources breaks from its peer group on a key metric, it often signals a firm-level change worth exploring.
| Risk & Return | Correlation |
Prom Resources Market Strength Events
Rate of Change and Momentum readings for Prom Resources measure the velocity of recent price moves rather than direction alone. These indicators add context to how recent sessions in Prom Resources have behaved.
Prom Resources Risk Indicators
Standard deviation and variance for Prom Resources measure total price dispersion, while semi-deviation isolates only the downside moves. Higher variance relative to sector peers signals that Prom Resources' price path has been less predictable over the measured period.
| Mean Deviation | 2.15 | |||
| Standard Deviation | 6.98 | |||
| Variance | 48.65 |
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.