Neste Oyj Pink Sheet Forecast - 20 Period Moving Average

NTOIF Stock  USD 13.95  0.39  2.88%   
The 20 Period Moving Average forecasted value of Neste Oyj on the next trading day is expected to be 14.22 with a mean absolute deviation of 1.31 and the sum of the absolute errors of 54.91. Neste Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Neste Oyj's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A commonly used 20-period moving average forecast model for Neste Oyj is based on a synthetically constructed Neste Oyjdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Neste Oyj 20 Period Moving Average Price Forecast For the 12th of December 2024

Given 90 days horizon, the 20 Period Moving Average forecasted value of Neste Oyj on the next trading day is expected to be 14.22 with a mean absolute deviation of 1.31, mean absolute percentage error of 2.48, and the sum of the absolute errors of 54.91.
Please note that although there have been many attempts to predict Neste 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 Neste Oyj's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Neste Oyj Pink Sheet Forecast Pattern

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Neste Oyj Forecasted Value

In the context of forecasting Neste Oyj'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. Neste Oyj's downside and upside margins for the forecasting period are 10.54 and 17.91, respectively. We have considered Neste Oyj'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
13.95
14.22
Expected Value
17.91
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Neste Oyj pink sheet data series using in forecasting. Note that when a statistical model is used to represent Neste Oyj 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 Criteria84.0996
BiasArithmetic mean of the errors 1.1444
MADMean absolute deviation1.3075
MAPEMean absolute percentage error0.0872
SAESum of the absolute errors54.913
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Neste Oyj 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Neste Oyj

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Neste Oyj. 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
10.2813.9517.62
Details
Intrinsic
Valuation
LowRealHigh
9.3513.0216.69
Details
Bollinger
Band Projection (param)
LowMiddleHigh
13.2014.3015.41
Details

Other Forecasting Options for Neste Oyj

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

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

Neste Oyj 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 Neste Oyj'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 Neste Oyj's current price.

Neste Oyj Market Strength Events

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

Neste Oyj Risk Indicators

The analysis of Neste Oyj'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 Neste Oyj's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting neste 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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Other Information on Investing in Neste Pink Sheet

Neste Oyj financial ratios help investors to determine whether Neste 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 Neste with respect to the benefits of owning Neste Oyj security.