Australia Pink Sheet Forecast - Polynomial Regression
| ANZBYDelisted Stock | USD 16.08 0.08 0.50% |
The Polynomial Regression forecasted value of Australia And New on the next trading day is expected to be 15.50 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 10.06. Australia Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Australia stock prices and determine the direction of Australia And New's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Australia's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Australia |
Most investors in Australia 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 Australia's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Australia's price structures and extracts relationships that further increase the generated results' accuracy.
Australia polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Australia And New as well as the accuracy indicators are determined from the period prices. Australia Polynomial Regression Price Forecast For the 20th of April
Given 90 days horizon, the Polynomial Regression forecasted value of Australia And New on the next trading day is expected to be 15.50 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.05, and the sum of the absolute errors of 10.06.Please note that although there have been many attempts to predict Australia 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 Australia's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Australia Pink Sheet Forecast Pattern
| Backtest Australia | Australia Price Prediction | Buy or Sell Advice |
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 Australia pink sheet data series using in forecasting. Note that when a statistical model is used to represent Australia 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 | 115.0234 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1649 |
| MAPE | Mean absolute percentage error | 0.0098 |
| SAE | Sum of the absolute errors | 10.0588 |
Predictive Modules for Australia
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Australia And New. 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 Australia'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.
Australia 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 Australia pink sheet to make a market-neutral strategy. Peer analysis of Australia could also be used in its relative valuation, which is a method of valuing Australia by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Australia Market Strength Events
Market strength indicators help investors to evaluate how Australia 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 Australia shares will generate the highest return on investment. By undertsting and applying Australia pink sheet market strength indicators, traders can identify Australia And New entry and exit signals to maximize returns.
Pair Trading with Australia
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 Australia 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 Australia will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Australia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Australia 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 Australia - 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 Australia And New to buy it.
The correlation of Australia 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 Australia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Australia And New 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 Australia 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Australia And New information on this page should be used as a complementary analysis to other Australia'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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Australia Pink Sheet
If you are still planning to invest in Australia And New check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Australia's history and understand the potential risks before investing.
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |