Esports Entertainment Pink Sheet Forecast - Naive Prediction

GMBLWDelisted Stock  USD 0.02  0.0001  0.50%   
The Naive Prediction forecasted value of Esports Entertainment Group on the next trading day is expected to be 0.01 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.34. Esports Pink Sheet Forecast is based on your current time horizon.
  
A naive forecasting model for Esports Entertainment is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Esports Entertainment Group value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Esports Entertainment Naive Prediction Price Forecast For the 12th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Esports Entertainment Group on the next trading day is expected to be 0.01 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.000049, and the sum of the absolute errors of 0.34.
Please note that although there have been many attempts to predict Esports 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 Esports Entertainment's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Esports Entertainment Pink Sheet Forecast Pattern

Backtest Esports EntertainmentEsports Entertainment Price PredictionBuy 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 Esports Entertainment pink sheet data series using in forecasting. Note that when a statistical model is used to represent Esports Entertainment 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.
AICAkaike Information Criteria108.1859
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0056
MAPEMean absolute percentage error0.162
SAESum of the absolute errors0.3437
This model is not at all useful as a medium-long range forecasting tool of Esports Entertainment Group. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Esports Entertainment. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Esports Entertainment

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Esports Entertainment. 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.
Hype
Prediction
LowEstimatedHigh
0.020.020.02
Details
Intrinsic
Valuation
LowRealHigh
0.020.020.02
Details

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

Esports Entertainment Market Strength Events

Market strength indicators help investors to evaluate how Esports Entertainment 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 Esports Entertainment shares will generate the highest return on investment. By undertsting and applying Esports Entertainment pink sheet market strength indicators, traders can identify Esports Entertainment Group entry and exit signals to maximize returns.

Esports Entertainment Risk Indicators

The analysis of Esports Entertainment'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 Esports Entertainment's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting esports 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.
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.

Also Currently Popular

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.
Check out Risk vs Return 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 bureau of economic analysis.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.

Other Consideration for investing in Esports Pink Sheet

If you are still planning to invest in Esports Entertainment 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 Esports Entertainment's history and understand the potential risks before investing.
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Money Managers
Screen money managers from public funds and ETFs managed around the world