Khiron Life OTC Stock Forecast - Naive Prediction

KHRNF -  USA Stock  

USD 0.23  0.01  4.55%

Khiron OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Khiron Life historical stock prices and determine the direction of Khiron Life Sciences'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 Khiron Life historical fundamentals such as revenue growth or operating cash flow patterns.
Please see Historical Fundamental Analysis of Khiron Life to cross-verify your projections.

Search O TC Stock Forecast 

 
Refresh
Most investors in Khiron Life 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 Khiron Life's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Khiron Life's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Khiron Life is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Khiron Life Sciences 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.

Khiron Life Naive Prediction Price Forecast For the 19th of September

Given 90 days horizon, the Naive Prediction forecasted value of Khiron Life Sciences on the next trading day is expected to be 0.26 with a mean absolute deviation of 0.011637, mean absolute percentage error of 0.00022592, and the sum of the absolute errors of 0.72. Please note that although there have been many attempts to predict Khiron 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 Khiron Life's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Khiron Life OTC Stock Forecast Pattern

Backtest Khiron LifeKhiron Life Price PredictionBuy or Sell Advice 

Khiron Life Forecasted Value

In the context of forecasting Khiron Life'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. Khiron Life's downside and upside margins for the forecasting period are 0.0023 and 4.89, respectively. We have considered Khiron Life'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
0.23
18th of September 2021
0.0023
Downside
0.26
Expected Value
4.89
Upside

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 Khiron Life otc stock data series using in forecasting. Note that when a statistical model is used to represent Khiron Life 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 Criteria111.5531
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0116
MAPEMean absolute percentage error0.0447
SAESum of the absolute errors0.7215
This model is not at all useful as a medium-long range forecasting tool of Khiron Life Sciences. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Khiron Life. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Khiron Life

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Khiron Life Sciences. 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 Khiron Life'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 Khiron Life in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.010.214.84
Details
Intrinsic
Valuation
LowReal ValueHigh
0.010.224.85
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Khiron Life. Your research has to be compared to or analyzed against Khiron Life's peers to derive any actionable benefits. When done correctly, Khiron Life'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 Khiron Life Sciences.

Other Forecasting Options for Khiron Life

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

View Currently 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 Khiron Life otc stock to make a market-neutral strategy. Peer analysis of Khiron Life could also be used in its relative valuation, which is a method of valuing Khiron Life by comparing valuation metrics with similar companies.

Khiron Life Sciences 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 Khiron Life'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 Khiron Life's current price.

Khiron Life Market Strength Events

Market strength indicators help investors to evaluate how Khiron Life 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 Khiron Life shares will generate the highest return on investment. By undertsting and applying Khiron Life otc stock market strength indicators, traders can identify Khiron Life Sciences entry and exit signals to maximize returns.

Khiron Life Risk Indicators

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

Khiron Life Investors Sentiment

The influence of Khiron Life's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Khiron. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - KHRNF

Khiron Life Sciences Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Khiron Life Sciences. What is your trading attitude regarding investing in Khiron Life Sciences? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
Skip

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Khiron Life Sciences 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 see Historical Fundamental Analysis of Khiron Life to cross-verify your projections. Note that the Khiron Life Sciences information on this page should be used as a complementary analysis to other Khiron Life'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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Khiron OTC Stock analysis

When running Khiron Life Sciences price analysis, check to measure Khiron Life'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 Khiron Life is operating at the current time. Most of Khiron Life's value examination focuses on studying past and present price action to predict the probability of Khiron Life's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Khiron Life's price. Additionally, you may evaluate how the addition of Khiron Life to your portfolios can decrease your overall portfolio volatility.
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
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
Go
Fund Screener
Find activelly-traded funds from around the world traded on over 30 global exchanges
Go
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
The market value of Khiron Life Sciences is measured differently than its book value, which is the value of Khiron that is recorded on the company's balance sheet. Investors also form their own opinion of Khiron Life's value that differs from its market value or its book value, called intrinsic value, which is Khiron Life's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Khiron Life's market value can be influenced by many factors that don't directly affect Khiron Life Sciences underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Khiron Life's value and its price as these two are different measures arrived at by different means. Investors typically determine Khiron Life value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Khiron Life'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.