Orient Overseas Pink Sheet Forecast - Naive Prediction
| OROVY Stock | USD 63.51 0.94 1.46% |
The Naive Prediction forecasted value of Orient Overseas International on the next trading day is expected to be 62.73 with a mean absolute deviation of 1.72 and the sum of the absolute errors of 104.96. Orient Pink Sheet Forecast is based on your current time horizon.
Orient |
Orient Overseas Naive Prediction Price Forecast For the 14th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Orient Overseas International on the next trading day is expected to be 62.73 with a mean absolute deviation of 1.72, mean absolute percentage error of 4.46, and the sum of the absolute errors of 104.96.Please note that although there have been many attempts to predict Orient 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 Orient Overseas' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Orient Overseas Pink Sheet Forecast Pattern
| Backtest Orient Overseas | Orient Overseas Price Prediction | Buy or Sell Advice |
Orient Overseas Forecasted Value
In the context of forecasting Orient Overseas' 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. Orient Overseas' downside and upside margins for the forecasting period are 60.22 and 65.23, respectively. We have considered Orient Overseas' 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 Orient Overseas pink sheet data series using in forecasting. Note that when a statistical model is used to represent Orient Overseas 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.| AIC | Akaike Information Criteria | 119.6048 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.7207 |
| MAPE | Mean absolute percentage error | 0.0249 |
| SAE | Sum of the absolute errors | 104.9609 |
Predictive Modules for Orient Overseas
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Orient Overseas Inte. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orient Overseas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Orient Overseas
For every potential investor in Orient, whether a beginner or expert, Orient Overseas' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Orient Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Orient. Basic forecasting techniques help filter out the noise by identifying Orient Overseas' price trends.Orient Overseas 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 Orient Overseas pink sheet to make a market-neutral strategy. Peer analysis of Orient Overseas could also be used in its relative valuation, which is a method of valuing Orient Overseas by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Orient Overseas Inte 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 Orient Overseas' 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 Orient Overseas' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Orient Overseas Market Strength Events
Market strength indicators help investors to evaluate how Orient Overseas 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 Orient Overseas shares will generate the highest return on investment. By undertsting and applying Orient Overseas pink sheet market strength indicators, traders can identify Orient Overseas International entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 63.51 | |||
| Day Typical Price | 63.51 | |||
| Price Action Indicator | (0.47) | |||
| Period Momentum Indicator | (0.94) | |||
| Relative Strength Index | 37.06 |
Orient Overseas Risk Indicators
The analysis of Orient Overseas' 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 Orient Overseas' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting orient 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.
| Mean Deviation | 1.25 | |||
| Semi Deviation | 2.05 | |||
| Standard Deviation | 2.5 | |||
| Variance | 6.26 | |||
| Downside Variance | 26.82 | |||
| Semi Variance | 4.18 | |||
| Expected Short fall | (2.85) |
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.Additional Tools for Orient Pink Sheet Analysis
When running Orient Overseas' price analysis, check to measure Orient Overseas' 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 Orient Overseas is operating at the current time. Most of Orient Overseas' value examination focuses on studying past and present price action to predict the probability of Orient Overseas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orient Overseas' price. Additionally, you may evaluate how the addition of Orient Overseas to your portfolios can decrease your overall portfolio volatility.