Freeman Gold OTC Stock Forecast - Naive Prediction
| FMANF Stock | USD 0.07 0 4.05% |
The Naive Prediction forecasted value of Freeman Gold Corp on the next trading day is expected to be 0.08 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.33. Freeman OTC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Freeman Gold's historical fundamentals, such as revenue growth or operating cash flow patterns.
Freeman |
Freeman Gold Naive Prediction Price Forecast For the 3rd of December
Given 90 days horizon, the Naive Prediction forecasted value of Freeman Gold Corp on the next trading day is expected to be 0.08 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.000044, and the sum of the absolute errors of 0.33.Please note that although there have been many attempts to predict Freeman 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 Freeman Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Freeman Gold OTC Stock Forecast Pattern
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Freeman Gold Forecasted Value
In the context of forecasting Freeman Gold'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. Freeman Gold's downside and upside margins for the forecasting period are 0.0007 and 7.77, respectively. We have considered Freeman Gold'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Freeman Gold otc stock data series using in forecasting. Note that when a statistical model is used to represent Freeman Gold 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.| AIC | Akaike Information Criteria | 108.0786 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0054 |
| MAPE | Mean absolute percentage error | 0.0734 |
| SAE | Sum of the absolute errors | 0.331 |
Predictive Modules for Freeman Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Freeman Gold 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.Other Forecasting Options for Freeman Gold
For every potential investor in Freeman, whether a beginner or expert, Freeman Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Freeman OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Freeman. Basic forecasting techniques help filter out the noise by identifying Freeman Gold's price trends.View Freeman Gold Related Equities
| Risk & Return | Correlation |
Freeman Gold 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 Freeman Gold'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 Freeman Gold's current price.| Cycle Indicators | ||
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Freeman Gold Market Strength Events
Market strength indicators help investors to evaluate how Freeman Gold 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 Freeman Gold shares will generate the highest return on investment. By undertsting and applying Freeman Gold otc stock market strength indicators, traders can identify Freeman Gold Corp entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 0.071 | |||
| Day Typical Price | 0.071 | |||
| Price Action Indicator | (0) | |||
| Period Momentum Indicator | (0) |
Freeman Gold Risk Indicators
The analysis of Freeman Gold'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 Freeman Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting freeman 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.
| Mean Deviation | 5.67 | |||
| Semi Deviation | 6.43 | |||
| Standard Deviation | 8.06 | |||
| Variance | 64.99 | |||
| Downside Variance | 74.6 | |||
| Semi Variance | 41.39 | |||
| Expected Short fall | (7.87) |
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 Freeman OTC Stock
Freeman Gold financial ratios help investors to determine whether Freeman 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 Freeman with respect to the benefits of owning Freeman Gold security.