Nuvonyx Pink Sheet Forecast - Double Exponential Smoothing
| TFGL Stock | USD 2.07 0.17 7.59% |
Nuvonyx Pink Sheet outlook is based on your current time horizon.
The relative strength index (RSI) of Nuvonyx's pink sheet price is about 63. This usually implies that the pink sheet is rather overbought by investors as of now. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Nuvonyx, making its price go up or down. Momentum 63
Buy Extended
Oversold | Overbought |
Using Nuvonyx hype-based prediction, you can estimate the value of Nuvonyx from the perspective of Nuvonyx response to recently generated media hype and the effects of current headlines on its competitors.
The Double Exponential Smoothing forecasted value of Nuvonyx on the next trading day is expected to be 2.07 with a mean absolute deviation of 0.12 and the sum of the absolute errors of 7.34. Nuvonyx after-hype prediction price | USD 2.07 |
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.
Nuvonyx |
Nuvonyx Additional Predictive Modules
Most predictive techniques to examine Nuvonyx price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Nuvonyx using various technical indicators. When you analyze Nuvonyx 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Nuvonyx Double Exponential Smoothing Price Forecast For the 27th of January
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Nuvonyx on the next trading day is expected to be 2.07 with a mean absolute deviation of 0.12, mean absolute percentage error of 0.15, and the sum of the absolute errors of 7.34.Please note that although there have been many attempts to predict Nuvonyx 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 Nuvonyx's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nuvonyx Pink Sheet Forecast Pattern
| Backtest Nuvonyx | Nuvonyx Price Prediction | Buy or Sell Advice |
Nuvonyx Forecasted Value
In the context of forecasting Nuvonyx'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. Nuvonyx's downside and upside margins for the forecasting period are 0.02 and 39.33, respectively. We have considered Nuvonyx'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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Nuvonyx pink sheet data series using in forecasting. Note that when a statistical model is used to represent Nuvonyx 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.0264 |
| MAD | Mean absolute deviation | 0.1244 |
| MAPE | Mean absolute percentage error | 0.1141 |
| SAE | Sum of the absolute errors | 7.34 |
Predictive Modules for Nuvonyx
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nuvonyx. 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.Nuvonyx After-Hype Price Density Analysis
As far as predicting the price of Nuvonyx 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 Nuvonyx 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 Nuvonyx, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Nuvonyx Estimiated After-Hype Price Volatility
In the context of predicting Nuvonyx's pink sheet value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Nuvonyx's historical news coverage. Nuvonyx's after-hype downside and upside margins for the prediction period are 0.10 and 39.33, respectively. We have considered Nuvonyx'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
Nuvonyx is out of control at this time. Analysis and calculation of next after-hype price of Nuvonyx is based on 3 months time horizon.
Nuvonyx Pink Sheet Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Nuvonyx is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Nuvonyx 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 Nuvonyx, 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 |
6.69 | 37.26 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
2.07 | 2.07 | 0.00 |
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Nuvonyx Hype Timeline
Nuvonyx is at this time traded for 2.07. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Nuvonyx 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 6.69%. %. The volatility of related hype on Nuvonyx is about 0.0%, with the expected price after the next announcement by competition of 2.07. The company recorded a loss per share of 1.91. Nuvonyx last dividend was issued on the 15th of May 2017. The entity had 1:50 split on the . Given the investment horizon of 90 days the next forecasted press release will be within a week. Check out Historical Fundamental Analysis of Nuvonyx to cross-verify your projections.Nuvonyx Related Hype Analysis
Having access to credible news sources related to Nuvonyx's direct competition is more important than ever and may enhance your ability to predict Nuvonyx's future price movements. Getting to know how Nuvonyx'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 Nuvonyx may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| NIHL | New Infinity Holdings | 0.00 | 0 per month | 16.06 | 0.14 | 82.82 | (48.05) | 402.17 | |
| TNBI | Tanke Biosciences | 0.00 | 0 per month | 0.00 | 0.07 | 33.33 | (20.00) | 58.33 | |
| CRVH | Chilco River Holdings | 0.00 | 0 per month | 10.85 | 0.11 | 15.66 | (8.08) | 207.30 | |
| GNCNF | Gencan Capital | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| LICH | LiveChain | 0.00 | 0 per month | 10.72 | 0.1 | 36.36 | (30.60) | 169.60 | |
| AIKO | Alternative Investment | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| IVFZF | Invictus Financial | 0.00 | 0 per month | 0.00 | 0.04 | 0.00 | 0.00 | 105.00 | |
| ANAS | Alternaturals | 0.00 | 0 per month | 6.82 | 0.09 | 20.51 | (16.67) | 90.71 | |
| PRDL | Profitable Develop | 0.00 | 0 per month | 0.00 | 0.06 | 0.00 | (50.00) | 150.00 | |
| NGCG | New Generation Consumer | 0.00 | 0 per month | 11.16 | 0.05 | 33.33 | (25.00) | 91.67 |
Other Forecasting Options for Nuvonyx
For every potential investor in Nuvonyx, whether a beginner or expert, Nuvonyx's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nuvonyx Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nuvonyx. Basic forecasting techniques help filter out the noise by identifying Nuvonyx's price trends.Nuvonyx 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 Nuvonyx pink sheet to make a market-neutral strategy. Peer analysis of Nuvonyx could also be used in its relative valuation, which is a method of valuing Nuvonyx by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nuvonyx Market Strength Events
Market strength indicators help investors to evaluate how Nuvonyx 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 Nuvonyx shares will generate the highest return on investment. By undertsting and applying Nuvonyx pink sheet market strength indicators, traders can identify Nuvonyx entry and exit signals to maximize returns.
Nuvonyx Risk Indicators
The analysis of Nuvonyx'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 Nuvonyx's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nuvonyx 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 | 15.84 | |||
| Standard Deviation | 35.84 | |||
| Variance | 1284.76 |
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 Nuvonyx
The number of cover stories for Nuvonyx depends on current market conditions and Nuvonyx's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Nuvonyx 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 Nuvonyx'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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Other Information on Investing in Nuvonyx Pink Sheet
Nuvonyx financial ratios help investors to determine whether Nuvonyx 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 Nuvonyx with respect to the benefits of owning Nuvonyx security.