Reo Plastics Pink Sheet Forecast - Simple Moving Average
| REOP Stock | USD 56.10 1.90 3.28% |
The Simple Moving Average forecasted value of Reo Plastics on the next trading day is expected to be 56.10 with a mean absolute deviation of 0.63 and the sum of the absolute errors of 37.44. Reo Pink Sheet Forecast is based on your current time horizon.
Reo |
Reo Plastics Simple Moving Average Price Forecast For the 27th of December
Given 90 days horizon, the Simple Moving Average forecasted value of Reo Plastics on the next trading day is expected to be 56.10 with a mean absolute deviation of 0.63, mean absolute percentage error of 1.38, and the sum of the absolute errors of 37.44.Please note that although there have been many attempts to predict Reo 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 Reo Plastics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Reo Plastics Pink Sheet Forecast Pattern
| Backtest Reo Plastics | Reo Plastics Price Prediction | Buy or Sell Advice |
Reo Plastics Forecasted Value
In the context of forecasting Reo Plastics' 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. Reo Plastics' downside and upside margins for the forecasting period are 54.10 and 58.10, respectively. We have considered Reo Plastics' 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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Reo Plastics pink sheet data series using in forecasting. Note that when a statistical model is used to represent Reo Plastics 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.| AIC | Akaike Information Criteria | 114.757 |
| Bias | Arithmetic mean of the errors | -0.1678 |
| MAD | Mean absolute deviation | 0.6346 |
| MAPE | Mean absolute percentage error | 0.0116 |
| SAE | Sum of the absolute errors | 37.44 |
Predictive Modules for Reo Plastics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Reo Plastics. 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.Other Forecasting Options for Reo Plastics
For every potential investor in Reo, whether a beginner or expert, Reo Plastics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Reo Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Reo. Basic forecasting techniques help filter out the noise by identifying Reo Plastics' price trends.Reo Plastics 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 Reo Plastics pink sheet to make a market-neutral strategy. Peer analysis of Reo Plastics could also be used in its relative valuation, which is a method of valuing Reo Plastics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Reo Plastics 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 Reo Plastics' 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 Reo Plastics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Reo Plastics Market Strength Events
Market strength indicators help investors to evaluate how Reo Plastics 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 Reo Plastics shares will generate the highest return on investment. By undertsting and applying Reo Plastics pink sheet market strength indicators, traders can identify Reo Plastics entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 56.1 | |||
| Day Typical Price | 56.1 | |||
| Price Action Indicator | (0.95) | |||
| Period Momentum Indicator | (1.90) |
Reo Plastics Risk Indicators
The analysis of Reo Plastics' 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 Reo Plastics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting reo 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.
| Mean Deviation | 1.01 | |||
| Semi Deviation | 1.31 | |||
| Standard Deviation | 1.95 | |||
| Variance | 3.82 | |||
| Downside Variance | 14.04 | |||
| Semi Variance | 1.72 | |||
| Expected Short fall | (2.57) |
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.
Pair Trading with Reo Plastics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Reo Plastics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Reo Plastics will appreciate offsetting losses from the drop in the long position's value.Moving against Reo Pink Sheet
| 0.78 | GLABF | Gemina Laboratories | PairCorr |
| 0.71 | NSFDF | NXT Energy Solutions | PairCorr |
| 0.69 | ETN | Eaton PLC | PairCorr |
The ability to find closely correlated positions to Reo Plastics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reo Plastics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Reo Plastics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Reo Plastics to buy it.
The correlation of Reo Plastics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Reo Plastics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reo Plastics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Reo Plastics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Reo Pink Sheet Analysis
When running Reo Plastics' price analysis, check to measure Reo Plastics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reo Plastics is operating at the current time. Most of Reo Plastics' value examination focuses on studying past and present price action to predict the probability of Reo Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reo Plastics' price. Additionally, you may evaluate how the addition of Reo Plastics to your portfolios can decrease your overall portfolio volatility.