MYMD Old Stock Forecast - Naive Prediction
| MYMDDelisted Stock | USD 1.82 0.02 1.09% |
The Naive Prediction forecasted value of MYMD Old on the next trading day is expected to be 1.81 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.95. MYMD Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast MYMD Old stock prices and determine the direction of MYMD Old's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of MYMD Old's historical fundamentals, such as revenue growth or operating cash flow patterns.
MYMD |
MYMD Old Naive Prediction Price Forecast For the 14th of January 2025
Given 90 days horizon, the Naive Prediction forecasted value of MYMD Old on the next trading day is expected to be 1.81 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.95.Please note that although there have been many attempts to predict MYMD 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 MYMD Old's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
MYMD Old Stock Forecast Pattern
| Backtest MYMD Old | MYMD Old 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 MYMD Old stock data series using in forecasting. Note that when a statistical model is used to represent MYMD Old 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 | 113.2982 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0648 |
| MAPE | Mean absolute percentage error | 0.0316 |
| SAE | Sum of the absolute errors | 3.9522 |
Predictive Modules for MYMD Old
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MYMD Old. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.View MYMD Old Related Equities
| Risk & Return | Correlation |
MYMD Old Market Strength Events
Market strength indicators help investors to evaluate how MYMD Old stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MYMD Old shares will generate the highest return on investment. By undertsting and applying MYMD Old stock market strength indicators, traders can identify MYMD Old entry and exit signals to maximize returns.
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Other Consideration for investing in MYMD Stock
If you are still planning to invest in MYMD Old 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 MYMD Old's history and understand the potential risks before investing.
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