XTRA Bitcoin Pink Sheet Forecast - Triple Exponential Smoothing
| CBTC Stock | USD 0 0.0001 7.14% |
The Triple Exponential Smoothing forecasted value of XTRA Bitcoin on the next trading day is expected to be 0 with a mean absolute deviation of 0.0001 and the sum of the absolute errors of 0.01. XTRA Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast XTRA Bitcoin stock prices and determine the direction of XTRA Bitcoin's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of XTRA Bitcoin's historical fundamentals, such as revenue growth or operating cash flow patterns.
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XTRA Bitcoin Triple Exponential Smoothing Price Forecast For the 5th of December
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of XTRA Bitcoin on the next trading day is expected to be 0 with a mean absolute deviation of 0.0001, mean absolute percentage error of 0.00000002, and the sum of the absolute errors of 0.01.Please note that although there have been many attempts to predict XTRA 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 XTRA Bitcoin's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
XTRA Bitcoin Pink Sheet Forecast Pattern
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XTRA Bitcoin Forecasted Value
In the context of forecasting XTRA Bitcoin's Pink Sheet 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. XTRA Bitcoin's downside and upside margins for the forecasting period are 0.000015 and 11.15, respectively. We have considered XTRA Bitcoin'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of XTRA Bitcoin pink sheet data series using in forecasting. Note that when a statistical model is used to represent XTRA Bitcoin 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 | Huge |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0E-4 |
| MAPE | Mean absolute percentage error | 0.0809 |
| SAE | Sum of the absolute errors | 0.0068 |
Predictive Modules for XTRA Bitcoin
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as XTRA Bitcoin. 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 XTRA Bitcoin'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.
Other Forecasting Options for XTRA Bitcoin
For every potential investor in XTRA, whether a beginner or expert, XTRA Bitcoin's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. XTRA Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in XTRA. Basic forecasting techniques help filter out the noise by identifying XTRA Bitcoin's price trends.View XTRA Bitcoin Related Equities
| Risk & Return | Correlation |
XTRA Bitcoin Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of XTRA Bitcoin'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 XTRA Bitcoin's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
XTRA Bitcoin Market Strength Events
Market strength indicators help investors to evaluate how XTRA Bitcoin 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 XTRA Bitcoin shares will generate the highest return on investment. By undertsting and applying XTRA Bitcoin pink sheet market strength indicators, traders can identify XTRA Bitcoin entry and exit signals to maximize returns.
| Accumulation Distribution | 0.22 | |||
| Daily Balance Of Power | 0.25 | |||
| Rate Of Daily Change | 1.07 | |||
| Day Median Price | 0.0016 | |||
| Day Typical Price | 0.0016 | |||
| Market Facilitation Index | 4.0E-4 | |||
| Price Action Indicator | (0.00005) | |||
| Period Momentum Indicator | 1.0E-4 | |||
| Relative Strength Index | 59.4 |
XTRA Bitcoin Risk Indicators
The analysis of XTRA Bitcoin'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 XTRA Bitcoin's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting xtra 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 | 9.0 | |||
| Semi Deviation | 8.7 | |||
| Standard Deviation | 11.61 | |||
| Variance | 134.83 | |||
| Downside Variance | 133.98 | |||
| Semi Variance | 75.68 | |||
| Expected Short fall | (13.78) |
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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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.Other Information on Investing in XTRA Pink Sheet
XTRA Bitcoin financial ratios help investors to determine whether XTRA Pink Sheet 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 XTRA with respect to the benefits of owning XTRA Bitcoin security.