Petro Matad Pink Sheet Forecast - Naive Prediction

Petro Matad Additional Predictive Modules

Most predictive techniques to examine Petro price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Petro using various technical indicators. When you analyze Petro 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 Petro Matad is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Petro Matad Limited 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.

Petro Matad Naive Prediction Price Forecast For the 24th of January

Given 90 days horizon, the Naive Prediction forecasted value of Petro Matad Limited on the next trading day is expected to be 0.01 with a mean absolute deviation of 0, mean absolute percentage error of 0.00000527, and the sum of the absolute errors of 0.09.

Petro Matad Pink Sheet Forecast Pattern

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Petro Matad Price Prediction

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Petro Matad 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 Petro Matad pink sheet data series using in forecasting. Note that when a statistical model is used to represent Petro Matad 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. This model is not at all useful as a medium-long range forecasting tool of Petro Matad Limited. 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 Petro Matad. 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 Petro Matad

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Petro Matad Limited. 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 Low Estimated High 0.00 0.01 18.62 Details

Intrinsic Valuation Low Real High 0.00 0.01 18.62 Details

Bollinger Band Projection (param) Low Middle High 0.01 0.02 0.02 Details

Petro Matad After-Hype Price Prediction Density Analysis

Petro Matad Estimiated After-Hype Price Volatility

Petro Matad Pink Sheet Price Prediction Analysis

Petro Matad Hype Timeline

Petro Matad Limited is at this time traded for 0.01. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Petro is forecasted to decline in value after the next headline, with the price expected to drop to 0.01. The average volatility of media hype impact on the company price is insignificant. The price reduction on the next news is expected to be -30.56%, whereas the daily expected return is at this time at 1.21%. The volatility of related hype on Petro Matad is about 0.0%, with the expected price after the next announcement by competition of 0.01. About 19.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.43. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Petro Matad Limited recorded a loss per share of 0.0. The entity had not issued any dividends in recent years. Assuming the 90 days horizon the next forecasted press release will be within a week. Check out Historical Fundamental Analysis of Petro Matad to cross-verify your projections.

Petro Matad Related Hype Analysis

Other Forecasting Options for Petro Matad

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

Petro Matad Related Equities

Risk & Return

Correlation

Petro Matad Market Strength Events

Petro Matad Risk Indicators

Story Coverage note for Petro Matad

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