Romios Gold Pink Sheet Forecast - Simple Regression

RMIOF Stock  USD 0.01  0  27.00%   
The Simple Regression forecasted value of Romios Gold Resources on the next trading day is expected to be 0.01 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.11. Romios Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Romios Gold's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Romios Gold price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Romios Gold Simple Regression Price Forecast For the 14th of December 2024

Given 90 days horizon, the Simple Regression forecasted value of Romios Gold Resources on the next trading day is expected to be 0.01 with a mean absolute deviation of 0, mean absolute percentage error of 0.00000889, and the sum of the absolute errors of 0.11.
Please note that although there have been many attempts to predict Romios 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 Romios Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Romios Gold Pink Sheet Forecast Pattern

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Romios Gold Forecasted Value

In the context of forecasting Romios Gold'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. Romios Gold's downside and upside margins for the forecasting period are 0.000073 and 20.19, respectively. We have considered Romios Gold'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.
Market Value
0.01
0.000073
Downside
0.01
Expected Value
20.19
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Romios Gold pink sheet data series using in forecasting. Note that when a statistical model is used to represent Romios Gold 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 Criteria106.4794
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0017
MAPEMean absolute percentage error0.1336
SAESum of the absolute errors0.106
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Romios Gold Resources historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Romios Gold

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Romios Gold Resources. 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
0.000.0120.19
Details
Intrinsic
Valuation
LowRealHigh
0.000.0120.19
Details

Other Forecasting Options for Romios Gold

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

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

Romios Gold Resources 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 Romios Gold's 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 Romios Gold's current price.

Romios Gold Market Strength Events

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

Romios Gold Risk Indicators

The analysis of Romios Gold'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 Romios Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting romios 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 Romios Pink Sheet

Romios Gold financial ratios help investors to determine whether Romios 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 Romios with respect to the benefits of owning Romios Gold security.