China Coal Pink Sheet Forecast - Naive Prediction
| CCOZF Stock | USD 1.01 0.00 0.00% |
The Naive Prediction forecasted value of China Coal Energy on the next trading day is expected to be 1.04 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 0.99. China Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast China Coal stock prices and determine the direction of China Coal Energy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of China Coal's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of China Coal to cross-verify your projections. China |
Most investors in China Coal 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 China Coal's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets China Coal's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for China Coal is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of China Coal Energy value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period. China Coal Naive Prediction Price Forecast For the 16th of May 2024
Given 90 days horizon, the Naive Prediction forecasted value of China Coal Energy on the next trading day is expected to be 1.04 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0004, and the sum of the absolute errors of 0.99.Please note that although there have been many attempts to predict China 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 China Coal's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
China Coal Pink Sheet Forecast Pattern
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China Coal Forecasted Value
In the context of forecasting China Coal'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. China Coal's downside and upside margins for the forecasting period are 0.01 and 2.61, respectively. We have considered China Coal'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 China Coal pink sheet data series using in forecasting. Note that when a statistical model is used to represent China Coal 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 | 110.3175 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0162 |
| MAPE | Mean absolute percentage error | 0.0156 |
| SAE | Sum of the absolute errors | 0.9892 |
Predictive Modules for China Coal
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as China Coal Energy. 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 China Coal'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.
Other Forecasting Options for China Coal
For every potential investor in China, whether a beginner or expert, China Coal's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. China Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in China. Basic forecasting techniques help filter out the noise by identifying China Coal's price trends.China Coal 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 China Coal pink sheet to make a market-neutral strategy. Peer analysis of China Coal could also be used in its relative valuation, which is a method of valuing China Coal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
China Coal Energy 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 China Coal'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 China Coal's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
China Coal Market Strength Events
Market strength indicators help investors to evaluate how China Coal 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 China Coal shares will generate the highest return on investment. By undertsting and applying China Coal pink sheet market strength indicators, traders can identify China Coal Energy entry and exit signals to maximize returns.
China Coal Risk Indicators
The analysis of China Coal'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 China Coal's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting china 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 | 0.7985 | |||
| Standard Deviation | 2.32 | |||
| Variance | 5.36 |
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.
Pair Trading with China Coal
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 China Coal 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 China Coal will appreciate offsetting losses from the drop in the long position's value.Moving against China Pink Sheet
| 0.56 | WHITF | Whitehaven Coal | PairCorr |
| 0.53 | BKLRF | Berkeley Energy | PairCorr |
The ability to find closely correlated positions to China Coal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Coal 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 China Coal - 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 China Coal Energy to buy it.
The correlation of China Coal is a statistical measure of how it moves in relation to other instruments. 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 China Coal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Coal Energy 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 China Coal 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.Check out Historical Fundamental Analysis of China Coal to cross-verify your projections. Note that the China Coal Energy information on this page should be used as a complementary analysis to other China Coal'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 the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for China Pink Sheet analysis
When running China Coal's price analysis, check to measure China Coal'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 China Coal is operating at the current time. Most of China Coal's value examination focuses on studying past and present price action to predict the probability of China Coal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Coal's price. Additionally, you may evaluate how the addition of China Coal to your portfolios can decrease your overall portfolio volatility.
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