Goldplay Mining OTC Stock Forecast - Polynomial Regression

AUCCF
 Stock
  

USD 0.0197  0.00  0.00%   

Goldplay OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Goldplay Mining historical stock prices and determine the direction of Goldplay Mining's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Goldplay Mining historical fundamentals such as revenue growth or operating cash flow patterns.
Please continue to Historical Fundamental Analysis of Goldplay Mining to cross-verify your projections.
  
Most investors in Goldplay Mining cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Goldplay Mining's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Goldplay Mining's price structures and extracts relationships that further increase the generated results' accuracy.
Goldplay Mining polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Goldplay Mining as well as the accuracy indicators are determined from the period prices.

Goldplay Mining Polynomial Regression Price Forecast For the 29th of November

Given 90 days horizon, the Polynomial Regression forecasted value of Goldplay Mining on the next trading day is expected to be 0.010827 with a mean absolute deviation of 0.004327, mean absolute percentage error of 0.00003308, and the sum of the absolute errors of 0.26.
Please note that although there have been many attempts to predict Goldplay 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 Goldplay Mining's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Goldplay Mining OTC Stock Forecast Pattern

Backtest Goldplay MiningGoldplay Mining Price PredictionBuy or Sell Advice 

Goldplay Mining Forecasted Value

In the context of forecasting Goldplay Mining'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. Goldplay Mining's downside and upside margins for the forecasting period are 0.000197 and 7.44, respectively. We have considered Goldplay Mining'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 0.0197
0.000197
Downside
0.010827
Expected Value
7.44
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Goldplay Mining otc stock data series using in forecasting. Note that when a statistical model is used to represent Goldplay Mining 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 Criteria107.7939
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0043
MAPEMean absolute percentage error0.1481
SAESum of the absolute errors0.264
A single variable polynomial regression model attempts to put a curve through the Goldplay Mining historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Goldplay Mining

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Goldplay Mining. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Goldplay Mining's 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. Please use the tools below to analyze the current value of Goldplay Mining in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.000.027.39
Details
Intrinsic
Valuation
LowReal ValueHigh
0.000.0189127.39
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.0218530.0218530.021853
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Goldplay Mining. Your research has to be compared to or analyzed against Goldplay Mining's peers to derive any actionable benefits. When done correctly, Goldplay Mining's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Goldplay Mining.

Other Forecasting Options for Goldplay Mining

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

Goldplay Mining 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 Goldplay Mining otc stock to make a market-neutral strategy. Peer analysis of Goldplay Mining could also be used in its relative valuation, which is a method of valuing Goldplay Mining by comparing valuation metrics with similar companies.
RLX TechnologyAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanBhp BillitonNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondSeagate Technology HldgsVistra Energy CorpExxon Mobil Corp
 Risk & Return  Correlation

Goldplay Mining Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Goldplay Mining'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 Goldplay Mining's current price.

Goldplay Mining Risk Indicators

The analysis of Goldplay Mining's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Goldplay Mining's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Goldplay Mining stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Goldplay Mining in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Goldplay Mining's short interest history, or implied volatility extrapolated from Goldplay Mining options trading.

Pair Trading with Goldplay Mining

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Goldplay Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Goldplay Mining will appreciate offsetting losses from the drop in the long position's value.

Moving against Goldplay Mining

-0.82JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr
-0.77CVXChevron Corp TrendingPairCorr
-0.76XOMExxon Mobil Corp TrendingPairCorr
-0.73APAApa Corp Potential GrowthPairCorr
The ability to find closely correlated positions to Goldplay Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goldplay Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Goldplay Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Goldplay Mining to buy it.
The correlation of Goldplay Mining is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Goldplay Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goldplay Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Goldplay Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Historical Fundamental Analysis of Goldplay Mining to cross-verify your projections. Note that the Goldplay Mining information on this page should be used as a complementary analysis to other Goldplay Mining's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Complementary Tools for Goldplay OTC Stock analysis

When running Goldplay Mining price analysis, check to measure Goldplay Mining'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 Goldplay Mining is operating at the current time. Most of Goldplay Mining's value examination focuses on studying past and present price action to predict the probability of Goldplay Mining's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Goldplay Mining's price. Additionally, you may evaluate how the addition of Goldplay Mining to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Goldplay Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine Goldplay Mining value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldplay Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.