MegaWatt Lithium OTC Stock Forecast - Naive Prediction

Summary

WALRDDelisted Stock

0.13 0.00 0.00%

The Naive Prediction forecasted value of MegaWatt Lithium And on the next trading day is expected to be 0.14 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.41. Investors can use prediction functions to forecast MegaWatt Lithium's stock prices and determine the direction of MegaWatt Lithium And's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of MegaWatt Lithium's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as various price indices.

A naive forecasting model for MegaWatt Lithium is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of MegaWatt Lithium And value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

More About Naive Prediction All Equity Analysis

MegaWatt Lithium Naive Prediction Price Forecast For the 1st of February

Given 90 days horizon, the Naive Prediction forecasted value of MegaWatt Lithium And on the next trading day is expected to be 0.14 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.000076, and the sum of the absolute errors of 0.41.

Please note that although there have been many attempts to predict MegaWatt 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 MegaWatt Lithium's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

MegaWatt Lithium OTC Stock Forecast Pattern

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 MegaWatt Lithium otc stock data series using in forecasting. Note that when a statistical model is used to represent MegaWatt Lithium 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	108.6273
Bias	Arithmetic mean of the errors	None
MAD	Mean absolute deviation	0.0067
MAPE	Mean absolute percentage error	0.0522
SAE	Sum of the absolute errors	0.4109

This model is not at all useful as a medium-long range forecasting tool of MegaWatt Lithium And. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict MegaWatt Lithium. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for MegaWatt Lithium

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MegaWatt Lithium And. 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.

MegaWatt Lithium 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 MegaWatt Lithium otc stock to make a market-neutral strategy. Peer analysis of MegaWatt Lithium could also be used in its relative valuation, which is a method of valuing MegaWatt Lithium by comparing valuation metrics with similar companies.

National Beverage Corp Primo Brands The Coca Cola Vodka Brands Corp SNDL Inc Keurig Dr Pepper American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot

Risk & Return

Correlation

MegaWatt Lithium Market Strength Events

Market strength indicators help investors to evaluate how MegaWatt Lithium 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 MegaWatt Lithium shares will generate the highest return on investment. By undertsting and applying MegaWatt Lithium otc stock market strength indicators, traders can identify MegaWatt Lithium And entry and exit signals to maximize returns.

	Rate Of Daily Change	1.0
	Day Median Price	0.13
	Day Typical Price	0.13
	Relative Strength Index	52.73

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.

EBR	Centrais Electricas Brasileiras
HE	Hawaiian Electric Industries
VFC	VF Corporation

Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as various price indices.

You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Other Consideration for investing in MegaWatt OTC Stock

If you are still planning to invest in MegaWatt Lithium And 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 MegaWatt Lithium's history and understand the potential risks before investing.

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