BlockchainK2 Corp OTC Stock Forecast - Simple Exponential Smoothing

BIDCF Stock  USD 0.09  0.01  12.00%   
The Simple Exponential Smoothing forecasted value of BlockchainK2 Corp on the next trading day is expected to be 0.09 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.25. BlockchainK2 OTC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of BlockchainK2 Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
BlockchainK2 Corp simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for BlockchainK2 Corp are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as BlockchainK2 Corp prices get older.

BlockchainK2 Corp Simple Exponential Smoothing Price Forecast For the 13th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of BlockchainK2 Corp on the next trading day is expected to be 0.09 with a mean absolute deviation of 0, mean absolute percentage error of 0.000086, and the sum of the absolute errors of 0.25.
Please note that although there have been many attempts to predict BlockchainK2 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 BlockchainK2 Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

BlockchainK2 Corp OTC Stock Forecast Pattern

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BlockchainK2 Corp Forecasted Value

In the context of forecasting BlockchainK2 Corp's OTC Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. BlockchainK2 Corp's downside and upside margins for the forecasting period are 0.0009 and 10.38, respectively. We have considered BlockchainK2 Corp's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
0.09
0.0009
Downside
0.09
Expected Value
10.38
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of BlockchainK2 Corp otc stock data series using in forecasting. Note that when a statistical model is used to represent BlockchainK2 Corp 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.
AICAkaike Information Criteria108.7505
BiasArithmetic mean of the errors 4.0E-4
MADMean absolute deviation0.0041
MAPEMean absolute percentage error0.0421
SAESum of the absolute errors0.252
This simple exponential smoothing model begins by setting BlockchainK2 Corp forecast for the second period equal to the observation of the first period. In other words, recent BlockchainK2 Corp observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for BlockchainK2 Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BlockchainK2 Corp. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BlockchainK2 Corp'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.
Hype
Prediction
LowEstimatedHigh
0.000.0910.38
Details
Intrinsic
Valuation
LowRealHigh
0.000.0810.37
Details

Other Forecasting Options for BlockchainK2 Corp

For every potential investor in BlockchainK2, whether a beginner or expert, BlockchainK2 Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BlockchainK2 OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BlockchainK2. Basic forecasting techniques help filter out the noise by identifying BlockchainK2 Corp's price trends.

BlockchainK2 Corp 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 BlockchainK2 Corp otc stock to make a market-neutral strategy. Peer analysis of BlockchainK2 Corp could also be used in its relative valuation, which is a method of valuing BlockchainK2 Corp by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

BlockchainK2 Corp Technical and Predictive Analytics

The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of BlockchainK2 Corp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of BlockchainK2 Corp's current price.

BlockchainK2 Corp Market Strength Events

Market strength indicators help investors to evaluate how BlockchainK2 Corp 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 BlockchainK2 Corp shares will generate the highest return on investment. By undertsting and applying BlockchainK2 Corp otc stock market strength indicators, traders can identify BlockchainK2 Corp entry and exit signals to maximize returns.

BlockchainK2 Corp Risk Indicators

The analysis of BlockchainK2 Corp'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 BlockchainK2 Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting blockchaink2 otc stock 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.
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.

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Other Information on Investing in BlockchainK2 OTC Stock

BlockchainK2 Corp financial ratios help investors to determine whether BlockchainK2 OTC Stock 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 BlockchainK2 with respect to the benefits of owning BlockchainK2 Corp security.