Neometals Pink Sheet Forecast - Naive Prediction
| RRSSFDelisted Stock | USD 0.06 0.00 0.00% |
The Naive Prediction forecasted value of Neometals on the next trading day is expected to be 0.07 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.55. Neometals Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Neometals' historical fundamentals, such as revenue growth or operating cash flow patterns.
Neometals |
Neometals Naive Prediction Price Forecast For the 14th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Neometals on the next trading day is expected to be 0.07 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0001, and the sum of the absolute errors of 0.55.Please note that although there have been many attempts to predict Neometals 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 Neometals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Neometals Pink Sheet Forecast Pattern
| Backtest Neometals | Neometals 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 Neometals pink sheet data series using in forecasting. Note that when a statistical model is used to represent Neometals 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 | 109.1151 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0091 |
| MAPE | Mean absolute percentage error | 0.1174 |
| SAE | Sum of the absolute errors | 0.555 |
Predictive Modules for Neometals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Neometals. 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 Neometals' 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.
View Neometals Related Equities
| Risk & Return | Correlation |
Neometals Market Strength Events
Market strength indicators help investors to evaluate how Neometals 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 Neometals shares will generate the highest return on investment. By undertsting and applying Neometals pink sheet market strength indicators, traders can identify Neometals entry and exit signals to maximize returns.
Neometals Risk Indicators
The analysis of Neometals' 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 Neometals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting neometals 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 | 4.6 | |||
| Semi Deviation | 7.67 | |||
| Standard Deviation | 11.38 | |||
| Variance | 129.6 | |||
| Downside Variance | 253.63 | |||
| Semi Variance | 58.86 | |||
| Expected Short fall | (16.90) |
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
Check out Your Equity Center 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 state. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Other Consideration for investing in Neometals Pink Sheet
If you are still planning to invest in Neometals 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 Neometals' history and understand the potential risks before investing.
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |