Western Uranium OTC Stock Forecast - Naive Prediction

Western Uranium Additional Predictive Modules

Most predictive techniques to examine Western price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Western using various technical indicators. When you analyze Western 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. A naive forecasting model for Western Uranium is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Western Uranium Vanadium 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.

Western Uranium Naive Prediction Price Forecast For the 26th of January

Given 90 days horizon, the Naive Prediction forecasted value of Western Uranium Vanadium on the next trading day is expected to be 0.71 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.61.

Western Uranium OTC Stock Forecast Pattern

Backtest Western Uranium

Western Uranium Price Prediction

Buy or Sell Advice

Western Uranium Forecasted Value

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 Western Uranium otc stock data series using in forecasting. Note that when a statistical model is used to represent Western Uranium 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. This model is not at all useful as a medium-long range forecasting tool of Western Uranium Vanadium. 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 Western Uranium. 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 Western Uranium

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Western Uranium Vanadium. 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.

Hype Prediction Low Estimated High 0.04 0.71 6.16 Details

Intrinsic Valuation Low Real High 0.03 0.61 6.07 Details

Bollinger Band Projection (param) Low Middle High 0.24 0.46 0.69 Details

Western Uranium After-Hype Price Prediction Density Analysis

Western Uranium Estimiated After-Hype Price Volatility

Western Uranium OTC Stock Price Prediction Analysis

Western Uranium Hype Timeline

Western Uranium Vanadium is at this time traded for 0.71. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.04. Western is projected 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 projected to be very small, whereas the daily expected return is at this time at 0.58%. %. The volatility of related hype on Western Uranium is about 8014.71%, with the expected price after the next announcement by competition of 0.67. About 20.0% of the company outstanding shares are owned by insiders. The company has Price to Book (P/B) ratio of 1.32. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Western Uranium Vanadium recorded a loss per share of 0.08. The entity had not issued any dividends in recent years. Assuming the 90 days horizon the next projected press release will be any time. Check out Historical Fundamental Analysis of Western Uranium to cross-verify your projections.

Western Uranium Related Hype Analysis

Other Forecasting Options for Western Uranium

For every potential investor in Western, whether a beginner or expert, Western Uranium's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Western OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Western. Basic forecasting techniques help filter out the noise by identifying Western Uranium's price trends.

Western Uranium Related Equities

Risk & Return

Correlation

Western Uranium Market Strength Events

Western Uranium Risk Indicators

Story Coverage note for Western Uranium

Other Macroaxis Stories

Other Information on Investing in Western OTC Stock