Trulieve Cannabis OTC Stock Forecast - Naive Prediction
| TCNNF Stock | USD 6.31 0.19 3.10% |
The Naive Prediction forecasted value of Trulieve Cannabis Corp on the next trading day is expected to be 7.04 with a mean absolute deviation of 0.59 and the sum of the absolute errors of 36.01. Trulieve OTC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Trulieve Cannabis' historical fundamentals, such as revenue growth or operating cash flow patterns.
Trulieve |
Trulieve Cannabis Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Trulieve Cannabis Corp on the next trading day is expected to be 7.04 with a mean absolute deviation of 0.59, mean absolute percentage error of 0.64, and the sum of the absolute errors of 36.01.Please note that although there have been many attempts to predict Trulieve OTC Stock 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 Trulieve Cannabis' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Trulieve Cannabis OTC Stock Forecast Pattern
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Trulieve Cannabis Forecasted Value
In the context of forecasting Trulieve Cannabis' OTC Stock 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. Trulieve Cannabis' downside and upside margins for the forecasting period are 0.06 and 14.34, respectively. We have considered Trulieve Cannabis' 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Trulieve Cannabis otc stock data series using in forecasting. Note that when a statistical model is used to represent Trulieve Cannabis otc stock, 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 | 117.6698 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5903 |
| MAPE | Mean absolute percentage error | 0.0607 |
| SAE | Sum of the absolute errors | 36.006 |
Predictive Modules for Trulieve Cannabis
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Trulieve Cannabis Corp. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc stock 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 Trulieve Cannabis
For every potential investor in Trulieve, whether a beginner or expert, Trulieve Cannabis' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Trulieve OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Trulieve. Basic forecasting techniques help filter out the noise by identifying Trulieve Cannabis' price trends.Trulieve Cannabis 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 Trulieve Cannabis otc stock to make a market-neutral strategy. Peer analysis of Trulieve Cannabis could also be used in its relative valuation, which is a method of valuing Trulieve Cannabis by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Trulieve Cannabis Corp Technical and Predictive Analytics
The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Trulieve Cannabis' 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 Trulieve Cannabis' current price.| Cycle Indicators | ||
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Trulieve Cannabis Market Strength Events
Market strength indicators help investors to evaluate how Trulieve Cannabis otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Trulieve Cannabis shares will generate the highest return on investment. By undertsting and applying Trulieve Cannabis otc stock market strength indicators, traders can identify Trulieve Cannabis Corp entry and exit signals to maximize returns.
Trulieve Cannabis Risk Indicators
The analysis of Trulieve Cannabis' 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 Trulieve Cannabis' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting trulieve otc stock 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 | 3.99 | |||
| Standard Deviation | 7.17 | |||
| Variance | 51.47 |
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 Trulieve OTC Stock
Trulieve Cannabis financial ratios help investors to determine whether Trulieve OTC Stock 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 Trulieve with respect to the benefits of owning Trulieve Cannabis security.