Nanomix Pink Sheet Forecast - Simple Exponential Smoothing

NNMX Stock  USD 0.0002  0.00  0.00%   
The Simple Exponential Smoothing forecasted value of Nanomix on the next trading day is expected to be 0.0002 with a mean absolute deviation of 0.00000167 and the sum of the absolute errors of 0.0001. Nanomix Pink Sheet Forecast is based on your current time horizon.
  
Nanomix 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 Nanomix are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Nanomix prices get older.

Nanomix Simple Exponential Smoothing Price Forecast For the 9th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Nanomix on the next trading day is expected to be 0.0002 with a mean absolute deviation of 0.00000167, mean absolute percentage error of 0, and the sum of the absolute errors of 0.0001.
Please note that although there have been many attempts to predict Nanomix 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 Nanomix's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Nanomix Pink Sheet Forecast Pattern

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Nanomix Forecasted Value

In the context of forecasting Nanomix'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. Nanomix's downside and upside margins for the forecasting period are 0.000002 and 12.40, respectively. We have considered Nanomix'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
0.0002
0.000002
Downside
0.0002
Expected Value
12.40
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 Nanomix pink sheet data series using in forecasting. Note that when a statistical model is used to represent Nanomix 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 Criteria93.7576
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0
MAPEMean absolute percentage error0.0083
SAESum of the absolute errors1.0E-4
This simple exponential smoothing model begins by setting Nanomix forecast for the second period equal to the observation of the first period. In other words, recent Nanomix observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Nanomix

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nanomix. 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
0.000.000112.40
Details
Intrinsic
Valuation
LowRealHigh
0.000.000112.40
Details
Bollinger
Band Projection (param)
LowMiddleHigh
0.00020.00020.0002
Details

Other Forecasting Options for Nanomix

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

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 Risk & Return  Correlation

Nanomix 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 Nanomix'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 Nanomix's current price.

Nanomix Market Strength Events

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

Nanomix Risk Indicators

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

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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.

Additional Tools for Nanomix Pink Sheet Analysis

When running Nanomix's price analysis, check to measure Nanomix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nanomix is operating at the current time. Most of Nanomix's value examination focuses on studying past and present price action to predict the probability of Nanomix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanomix's price. Additionally, you may evaluate how the addition of Nanomix to your portfolios can decrease your overall portfolio volatility.