Irving Resources OTC Stock Forecast - Naive Prediction

IRVRF Stock  USD 0.22  0.05  18.52%   
The Naive Prediction forecasted value of Irving Resources on the next trading day is expected to be 0.27 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.78. Irving OTC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Irving Resources' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for Irving Resources is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Irving Resources 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.

Irving Resources Naive Prediction Price Forecast For the 5th of December

Given 90 days horizon, the Naive Prediction forecasted value of Irving Resources on the next trading day is expected to be 0.27 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0003, and the sum of the absolute errors of 0.78.
Please note that although there have been many attempts to predict Irving 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 Irving Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Irving Resources OTC Stock Forecast Pattern

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Irving Resources Forecasted Value

In the context of forecasting Irving Resources' 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. Irving Resources' downside and upside margins for the forecasting period are 0 and 7.05, respectively. We have considered Irving Resources' 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
0.22
0.27
Expected Value
7.05
Upside

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 Irving Resources otc stock data series using in forecasting. Note that when a statistical model is used to represent Irving Resources 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 Criteria109.8919
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0128
MAPEMean absolute percentage error0.0531
SAESum of the absolute errors0.7789
This model is not at all useful as a medium-long range forecasting tool of Irving Resources. 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 Irving Resources. 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 Irving Resources

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Irving Resources. 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.
Hype
Prediction
LowEstimatedHigh
0.010.227.00
Details
Intrinsic
Valuation
LowRealHigh
0.010.206.98
Details

Other Forecasting Options for Irving Resources

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

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Irving Resources 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 Irving Resources' 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 Irving Resources' current price.

Irving Resources Market Strength Events

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

Irving Resources Risk Indicators

The analysis of Irving Resources' 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 Irving Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting irving 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 Irving OTC Stock

Irving Resources financial ratios help investors to determine whether Irving 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 Irving with respect to the benefits of owning Irving Resources security.