Stelmine Canada OTC Stock Forecast - Naive Prediction
| STHFF Stock | USD 0.01 0.01 52.83% |
The Naive Prediction forecasted value of Stelmine Canada on the next trading day is expected to be 0 with a mean absolute deviation of 0.001 and the sum of the absolute errors of 0.06. Stelmine OTC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Stelmine Canada's historical fundamentals, such as revenue growth or operating cash flow patterns.
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Stelmine Canada Naive Prediction Price Forecast For the 12th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Stelmine Canada on the next trading day is expected to be 0 with a mean absolute deviation of 0.001, mean absolute percentage error of 0.00000146, and the sum of the absolute errors of 0.06.Please note that although there have been many attempts to predict Stelmine 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 Stelmine Canada's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stelmine Canada OTC Stock Forecast Pattern
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Stelmine Canada Forecasted Value
In the context of forecasting Stelmine Canada's 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. Stelmine Canada's downside and upside margins for the forecasting period are 0.00005 and 12.39, respectively. We have considered Stelmine Canada'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.
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 Stelmine Canada otc stock data series using in forecasting. Note that when a statistical model is used to represent Stelmine Canada 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.| AIC | Akaike Information Criteria | 104.6736 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.001 |
| MAPE | Mean absolute percentage error | 0.0858 |
| SAE | Sum of the absolute errors | 0.0586 |
Predictive Modules for Stelmine Canada
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Stelmine Canada. 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.Other Forecasting Options for Stelmine Canada
For every potential investor in Stelmine, whether a beginner or expert, Stelmine Canada's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Stelmine OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Stelmine. Basic forecasting techniques help filter out the noise by identifying Stelmine Canada's price trends.View Stelmine Canada Related Equities
| Risk & Return | Correlation |
Stelmine Canada 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 Stelmine Canada'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 Stelmine Canada's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
Stelmine Canada Market Strength Events
Market strength indicators help investors to evaluate how Stelmine Canada 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 Stelmine Canada shares will generate the highest return on investment. By undertsting and applying Stelmine Canada otc stock market strength indicators, traders can identify Stelmine Canada entry and exit signals to maximize returns.
| Accumulation Distribution | 0.53 | |||
| Daily Balance Of Power | (0.98) | |||
| Rate Of Daily Change | 0.47 | |||
| Day Median Price | 0.0079 | |||
| Day Typical Price | 0.0069 | |||
| Market Facilitation Index | 0.0057 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) |
Stelmine Canada Risk Indicators
The analysis of Stelmine Canada'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 Stelmine Canada's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting stelmine 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.
| Mean Deviation | 7.86 | |||
| Standard Deviation | 12.52 | |||
| Variance | 156.85 |
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.
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Other Information on Investing in Stelmine OTC Stock
Stelmine Canada financial ratios help investors to determine whether Stelmine 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 Stelmine with respect to the benefits of owning Stelmine Canada security.