OceanaGold OTC Pink Sheet Forecast - Polynomial Regression

OCANF
 Stock
  

USD 1.74  0.06  3.57%   

OceanaGold OTC Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast OceanaGold historical stock prices and determine the direction of OceanaGold'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 OceanaGold historical fundamentals such as revenue growth or operating cash flow patterns.
Please check Historical Fundamental Analysis of OceanaGold to cross-verify your projections.
  
Most investors in OceanaGold 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 OceanaGold's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets OceanaGold's price structures and extracts relationships that further increase the generated results' accuracy.
OceanaGold polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for OceanaGold as well as the accuracy indicators are determined from the period prices.

OceanaGold Polynomial Regression Price Forecast For the 3rd of December

Given 90 days horizon, the Polynomial Regression forecasted value of OceanaGold on the next trading day is expected to be 1.81 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.008272, and the sum of the absolute errors of 4.20.
Please note that although there have been many attempts to predict OceanaGold OTC 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 OceanaGold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

OceanaGold OTC Pink Sheet Forecast Pattern

Backtest OceanaGoldOceanaGold Price PredictionBuy or Sell Advice 

OceanaGold Forecasted Value

In the context of forecasting OceanaGold's OTC 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. OceanaGold's downside and upside margins for the forecasting period are 0.0174 and 6.56, respectively. We have considered OceanaGold'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 1.74
0.0174
Downside
1.81
Expected Value
6.56
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 OceanaGold otc pink sheet data series using in forecasting. Note that when a statistical model is used to represent OceanaGold otc 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 Criteria113.3156
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0689
MAPEMean absolute percentage error0.0438
SAESum of the absolute errors4.2
A single variable polynomial regression model attempts to put a curve through the OceanaGold 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 OceanaGold

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OceanaGold. 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 OceanaGold'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 OceanaGold in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.091.747.05
Details
Intrinsic
Valuation
LowReal ValueHigh
0.071.466.77
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as OceanaGold. Your research has to be compared to or analyzed against OceanaGold's peers to derive any actionable benefits. When done correctly, OceanaGold'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 OceanaGold.

Other Forecasting Options for OceanaGold

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

OceanaGold 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 OceanaGold otc pink sheet to make a market-neutral strategy. Peer analysis of OceanaGold could also be used in its relative valuation, which is a method of valuing OceanaGold by comparing valuation metrics with similar companies.
Etsy IncVANGUARD SMALL-CAP GROWTHAMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEANBHP Group LimitedNatural Health TrendIShares MSCI USABetaPro Canadian GoldAramark HoldingsVanguard Long-TermSeagate Technology PLCVistra Energy Corp
 Risk & Return  Correlation

OceanaGold 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 OceanaGold'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 OceanaGold's current price.

OceanaGold Risk Indicators

The analysis of OceanaGold'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 OceanaGold's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting OceanaGold 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in OceanaGold without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Content Syndication Now

   

Content Syndication

Quickly integrate customizable finance content to your own investment portal
All  Next Launch Module

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as OceanaGold using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Historical Fundamental Analysis of OceanaGold to cross-verify your projections. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for analysis

When running OceanaGold price analysis, check to measure OceanaGold'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 OceanaGold is operating at the current time. Most of OceanaGold's value examination focuses on studying past and present price action to predict the probability of OceanaGold's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move OceanaGold's price. Additionally, you may evaluate how the addition of OceanaGold to your portfolios can decrease your overall portfolio volatility.
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Please note, there is a significant difference between OceanaGold's value and its price as these two are different measures arrived at by different means. Investors typically determine OceanaGold value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OceanaGold'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.