Tanke Biosciences Pink Sheet Forecast - Simple Regression
TNBI Stock | USD 0.01 0 24.00% |
The Simple Regression forecasted value of Tanke Biosciences 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 0.27. Tanke Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Tanke Biosciences' historical fundamentals, such as revenue growth or operating cash flow patterns.
Tanke |
Tanke Biosciences Simple Regression Price Forecast For the 28th of November
Given 90 days horizon, the Simple Regression forecasted value of Tanke Biosciences on the next trading day is expected to be 0.01 with a mean absolute deviation of 0, mean absolute percentage error of 0.000047, and the sum of the absolute errors of 0.27.Please note that although there have been many attempts to predict Tanke 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 Tanke Biosciences' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Tanke Biosciences Pink Sheet Forecast Pattern
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Tanke Biosciences Forecasted Value
In the context of forecasting Tanke Biosciences' 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. Tanke Biosciences' downside and upside margins for the forecasting period are 0.000076 and 52.39, respectively. We have considered Tanke Biosciences' 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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Tanke Biosciences pink sheet data series using in forecasting. Note that when a statistical model is used to represent Tanke Biosciences 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 | 108.1442 |
Bias | Arithmetic mean of the errors | None |
MAD | Mean absolute deviation | 0.0045 |
MAPE | Mean absolute percentage error | 0.3154 |
SAE | Sum of the absolute errors | 0.2746 |
Predictive Modules for Tanke Biosciences
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tanke Biosciences. 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.Other Forecasting Options for Tanke Biosciences
For every potential investor in Tanke, whether a beginner or expert, Tanke Biosciences' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tanke Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tanke. Basic forecasting techniques help filter out the noise by identifying Tanke Biosciences' price trends.View Tanke Biosciences Related Equities
Risk & Return | Correlation |
Tanke Biosciences 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 Tanke Biosciences' 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 Tanke Biosciences' current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Tanke Biosciences Market Strength Events
Market strength indicators help investors to evaluate how Tanke Biosciences 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 Tanke Biosciences shares will generate the highest return on investment. By undertsting and applying Tanke Biosciences pink sheet market strength indicators, traders can identify Tanke Biosciences entry and exit signals to maximize returns.
Daily Balance Of Power | (9,223,372,036,855) | |||
Rate Of Daily Change | 0.76 | |||
Day Median Price | 0.0076 | |||
Day Typical Price | 0.0076 | |||
Price Action Indicator | (0) | |||
Period Momentum Indicator | (0) | |||
Relative Strength Index | 14.16 |
Tanke Biosciences Risk Indicators
The analysis of Tanke Biosciences' 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 Tanke Biosciences' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tanke 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 | 17.08 | |||
Semi Deviation | 12.65 | |||
Standard Deviation | 52.92 | |||
Variance | 2801.02 | |||
Downside Variance | 1678.7 | |||
Semi Variance | 160.09 | |||
Expected Short fall | (145.83) |
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 Tanke Pink Sheet
Tanke Biosciences financial ratios help investors to determine whether Tanke 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 Tanke with respect to the benefits of owning Tanke Biosciences security.