Resolute Mining Pink Sheet Forecast - Simple Exponential Smoothing
| RMGGY Stock | USD 5.70 0.00 0.00% |
Resolute Pink Sheet outlook is based on your current time horizon.
At this time the relative strength index (rsi) of Resolute Mining's 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 |
Using Resolute Mining hype-based prediction, you can estimate the value of Resolute Mining Ltd from the perspective of Resolute Mining response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Resolute Mining Ltd on the next trading day is expected to be 5.70 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 0.95. Resolute Mining after-hype prediction price | USD 5.7 |
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.
Resolute |
Resolute Mining Additional Predictive Modules
Most predictive techniques to examine Resolute price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Resolute using various technical indicators. When you analyze Resolute 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 | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Resolute Mining Simple Exponential Smoothing Price Forecast For the 27th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Resolute Mining Ltd on the next trading day is expected to be 5.70 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.02, and the sum of the absolute errors of 0.95.Please note that although there have been many attempts to predict Resolute 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 Resolute Mining's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Resolute Mining Pink Sheet Forecast Pattern
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Resolute Mining Forecasted Value
In the context of forecasting Resolute Mining's 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. Resolute Mining's downside and upside margins for the forecasting period are 3.87 and 7.53, respectively. We have considered Resolute Mining's 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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Resolute Mining pink sheet data series using in forecasting. Note that when a statistical model is used to represent Resolute Mining 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 | 112.0757 |
| Bias | Arithmetic mean of the errors | 0.0158 |
| MAD | Mean absolute deviation | 0.0158 |
| MAPE | Mean absolute percentage error | 0.0028 |
| SAE | Sum of the absolute errors | 0.95 |
Predictive Modules for Resolute Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Resolute Mining. 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.Resolute Mining After-Hype Price Density Analysis
As far as predicting the price of Resolute Mining at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Resolute Mining or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Pink Sheet prices, such as prices of Resolute Mining, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Resolute Mining Estimiated After-Hype Price Volatility
In the context of predicting Resolute Mining's pink sheet value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Resolute Mining's historical news coverage. Resolute Mining's after-hype downside and upside margins for the prediction period are 3.87 and 7.53, respectively. We have considered Resolute Mining's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Resolute Mining is somewhat reliable at this time. Analysis and calculation of next after-hype price of Resolute Mining is based on 3 months time horizon.
Resolute Mining Pink Sheet Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Resolute Mining is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Resolute Mining backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Pink Sheet price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Resolute Mining, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.23 | 1.83 | 0.00 | 0.55 | 0 Events / Month | 1 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
5.70 | 5.70 | 0.00 |
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Resolute Mining Hype Timeline
Resolute Mining is at this time traded for 5.70. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.55. Resolute is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at -0.23%. %. The volatility of related hype on Resolute Mining is about 76.96%, with the expected price after the next announcement by competition of 5.15. The company has price-to-book ratio of 0.36. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Resolute Mining recorded a loss per share of 2.89. The entity last dividend was issued on the 31st of August 2018. Assuming the 90 days horizon the next forecasted press release will be within a week. Check out Historical Fundamental Analysis of Resolute Mining to cross-verify your projections.Resolute Mining Related Hype Analysis
Having access to credible news sources related to Resolute Mining's direct competition is more important than ever and may enhance your ability to predict Resolute Mining's future price movements. Getting to know how Resolute Mining's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Resolute Mining may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| SNWGF | Snowline Gold Corp | (12.50) | 1 per month | 2.93 | 0.19 | 6.35 | (5.00) | 17.49 | |
| ESGFF | Ora Banda Mining | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| BELGF | Bellevue Gold Limited | 0.00 | 0 per month | 2.50 | 0.23 | 7.55 | (5.33) | 19.73 | |
| MAUTF | Montage Gold Corp | (7.15) | 1 per month | 2.19 | 0.23 | 6.07 | (4.29) | 12.17 | |
| USNZY | Usinas Siderurgicas de | 0.00 | 0 per month | 3.64 | 0.11 | 7.69 | (7.34) | 18.48 | |
| DETRF | Deterra Royalties Limited | 0.00 | 0 per month | 2.50 | 0.07 | 5.51 | (4.56) | 20.55 | |
| MNSAF | Mineros SA | (4.13) | 1 per month | 3.11 | 0.16 | 8.13 | (5.17) | 20.14 | |
| TKYMY | Tokuyama Corp ADR | 0.00 | 0 per month | 0.00 | 0.06 | 0.00 | 0.00 | 8.54 | |
| CJRCF | China Resources Cement | 0.00 | 0 per month | 0.00 | (0.19) | 0.00 | 0.00 | 16.00 | |
| OUTFF | Outokumpu Oyj | 0.00 | 1 per month | 0.00 | 0.01 | 0.00 | 0.00 | 5.86 |
Other Forecasting Options for Resolute Mining
For every potential investor in Resolute, whether a beginner or expert, Resolute Mining's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Resolute Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Resolute. Basic forecasting techniques help filter out the noise by identifying Resolute Mining's price trends.Resolute Mining 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 Resolute Mining pink sheet to make a market-neutral strategy. Peer analysis of Resolute Mining could also be used in its relative valuation, which is a method of valuing Resolute Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Resolute Mining Market Strength Events
Market strength indicators help investors to evaluate how Resolute Mining 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 Resolute Mining shares will generate the highest return on investment. By undertsting and applying Resolute Mining pink sheet market strength indicators, traders can identify Resolute Mining Ltd entry and exit signals to maximize returns.
Resolute Mining Risk Indicators
The analysis of Resolute Mining'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 Resolute Mining's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting resolute 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 | 0.5221 | |||
| Standard Deviation | 1.8 | |||
| Variance | 3.25 |
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.
Story Coverage note for Resolute Mining
The number of cover stories for Resolute Mining depends on current market conditions and Resolute Mining's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Resolute Mining is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Resolute Mining's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Tools for Resolute Pink Sheet Analysis
When running Resolute Mining's price analysis, check to measure Resolute Mining's 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 Resolute Mining is operating at the current time. Most of Resolute Mining's value examination focuses on studying past and present price action to predict the probability of Resolute Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Resolute Mining's price. Additionally, you may evaluate how the addition of Resolute Mining to your portfolios can decrease your overall portfolio volatility.