Tritax Big Pink Sheet Forecast - Naive Prediction
| TTBXF Stock | USD 1.87 0.00 0.00% |
The Naive Prediction forecasted value of Tritax Big Box on the next trading day is expected to be 1.95 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 3.06. Tritax Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Tritax Big's historical fundamentals, such as revenue growth or operating cash flow patterns.
Tritax |
Tritax Big Naive Prediction Price Forecast For the 1st of January
Given 90 days horizon, the Naive Prediction forecasted value of Tritax Big Box on the next trading day is expected to be 1.95 with a mean absolute deviation of 0.05, mean absolute percentage error of 0, and the sum of the absolute errors of 3.06.Please note that although there have been many attempts to predict Tritax 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 Tritax Big's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Tritax Big Pink Sheet Forecast Pattern
| Backtest Tritax Big | Tritax Big 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 Tritax Big pink sheet data series using in forecasting. Note that when a statistical model is used to represent Tritax Big 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 | 112.7895 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0501 |
| MAPE | Mean absolute percentage error | 0.0263 |
| SAE | Sum of the absolute errors | 3.057 |
Predictive Modules for Tritax Big
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tritax Big Box. 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 Tritax Big'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.
Tritax Big 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 Tritax Big pink sheet to make a market-neutral strategy. Peer analysis of Tritax Big could also be used in its relative valuation, which is a method of valuing Tritax Big by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Tritax Big Market Strength Events
Market strength indicators help investors to evaluate how Tritax Big 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 Tritax Big shares will generate the highest return on investment. By undertsting and applying Tritax Big pink sheet market strength indicators, traders can identify Tritax Big Box entry and exit signals to maximize returns.
Tritax Big Risk Indicators
The analysis of Tritax Big'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 Tritax Big's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tritax 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 | 2.03 | |||
| Semi Deviation | 3.43 | |||
| Standard Deviation | 4.25 | |||
| Variance | 18.1 | |||
| Downside Variance | 57.36 | |||
| Semi Variance | 11.76 | |||
| Expected Short fall | (4.14) |
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.
Currently Active Assets on Macroaxis
| DD | Dupont De Nemours | |
| CRDO | Credo Technology Group | |
| GOOG | Alphabet Inc Class C | |
| BAC | Bank of America | |
| CRM | Salesforce |
Other Information on Investing in Tritax Pink Sheet
Tritax Big financial ratios help investors to determine whether Tritax 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 Tritax with respect to the benefits of owning Tritax Big security.