Medicine Man Pink Sheet Forecast - Naive Prediction
The Naive Prediction forecasted value of Medicine Man Technologies on the next trading day is expected to be -0.0016 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.11. Medicine Pink Sheet Forecast is based on your current time horizon.
At this time the relative strength index (rsi) of Medicine Man's share price is below 20 . This usually implies 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 Medicine Man hype-based prediction, you can estimate the value of Medicine Man Technologies from the perspective of Medicine Man response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Medicine Man Technologies on the next trading day is expected to be -0.0016 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.11. Medicine Man after-hype prediction price | USD 0.0 |
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.
Medicine |
Medicine Man Additional Predictive Modules
Most predictive techniques to examine Medicine price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Medicine using various technical indicators. When you analyze Medicine 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 |
Medicine Man Naive Prediction Price Forecast For the 10th of January
Given 90 days horizon, the Naive Prediction forecasted value of Medicine Man Technologies on the next trading day is expected to be -0.0016 with a mean absolute deviation of 0, mean absolute percentage error of 0.000011, and the sum of the absolute errors of 0.11.Please note that although there have been many attempts to predict Medicine 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 Medicine Man's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Medicine Man Pink Sheet Forecast Pattern
| Backtest Medicine Man | Medicine Man Price Prediction | Buy or Sell Advice |
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 Medicine Man pink sheet data series using in forecasting. Note that when a statistical model is used to represent Medicine Man 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 | 106.7328 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0019 |
| MAPE | Mean absolute percentage error | 9.223372036854776E14 |
| SAE | Sum of the absolute errors | 0.1138 |
Predictive Modules for Medicine Man
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Medicine Man Technologies. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medicine Man's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Medicine Man 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 Medicine Man pink sheet to make a market-neutral strategy. Peer analysis of Medicine Man could also be used in its relative valuation, which is a method of valuing Medicine Man by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Medicine Man Risk Indicators
The analysis of Medicine Man'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 Medicine Man's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting medicine 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 | 92.5 | |||
| Semi Deviation | 30.22 | |||
| Standard Deviation | 178.6 | |||
| Variance | 31898.73 | |||
| Downside Variance | 5952.53 | |||
| Semi Variance | 913.48 | |||
| Expected Short fall | (379.35) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Medicine Pink Sheet Analysis
When running Medicine Man's price analysis, check to measure Medicine Man'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 Medicine Man is operating at the current time. Most of Medicine Man's value examination focuses on studying past and present price action to predict the probability of Medicine Man's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medicine Man's price. Additionally, you may evaluate how the addition of Medicine Man to your portfolios can decrease your overall portfolio volatility.