Sinopec Kantons Pink Sheet Forecast - Naive Prediction
| SPKOYDelisted Stock | USD 24.15 0.00 0.00% |
The Naive Prediction forecasted value of Sinopec Kantons Holdings on the next trading day is expected to be 24.35 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 5.04. Sinopec Pink Sheet Forecast is based on your current time horizon.
Sinopec |
Sinopec Kantons Naive Prediction Price Forecast For the 27th of December
Given 90 days horizon, the Naive Prediction forecasted value of Sinopec Kantons Holdings on the next trading day is expected to be 24.35 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.02, and the sum of the absolute errors of 5.04.Please note that although there have been many attempts to predict Sinopec 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 Sinopec Kantons' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sinopec Kantons Pink Sheet Forecast Pattern
| Backtest Sinopec Kantons | Sinopec Kantons 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 Sinopec Kantons pink sheet data series using in forecasting. Note that when a statistical model is used to represent Sinopec Kantons 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 | 113.913 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0826 |
| MAPE | Mean absolute percentage error | 0.0035 |
| SAE | Sum of the absolute errors | 5.0377 |
Predictive Modules for Sinopec Kantons
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sinopec Kantons Holdings. 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.Sinopec Kantons 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 Sinopec Kantons pink sheet to make a market-neutral strategy. Peer analysis of Sinopec Kantons could also be used in its relative valuation, which is a method of valuing Sinopec Kantons by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sinopec Kantons Market Strength Events
Market strength indicators help investors to evaluate how Sinopec Kantons 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 Sinopec Kantons shares will generate the highest return on investment. By undertsting and applying Sinopec Kantons pink sheet market strength indicators, traders can identify Sinopec Kantons Holdings entry and exit signals to maximize returns.
Sinopec Kantons Risk Indicators
The analysis of Sinopec Kantons' 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 Sinopec Kantons' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sinopec 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 | 0.1589 | |||
| Standard Deviation | 0.5405 | |||
| Variance | 0.2922 |
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.Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Other Consideration for investing in Sinopec Pink Sheet
If you are still planning to invest in Sinopec Kantons Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sinopec Kantons' history and understand the potential risks before investing.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| AI Portfolio Prophet Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |