Northern Minerals Pink Sheet Forecast - Simple Exponential Smoothing
| NMEX Stock | USD 0.14 0.00 0.00% |
The Simple Exponential Smoothing forecasted value of Northern Minerals Exploration on the next trading day is expected to be 0.14 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.38. Northern Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Northern Minerals stock prices and determine the direction of Northern Minerals Exploration's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Northern Minerals' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Northern Minerals to cross-verify your projections. Northern |
Most investors in Northern Minerals 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 Northern Minerals' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Northern Minerals' price structures and extracts relationships that further increase the generated results' accuracy.
Northern Minerals simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Northern Minerals Exploration are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Northern Minerals prices get older. Northern Minerals Simple Exponential Smoothing Price Forecast For the 29th of May
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Northern Minerals Exploration on the next trading day is expected to be 0.14 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0002, and the sum of the absolute errors of 0.38.Please note that although there have been many attempts to predict Northern 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 Northern Minerals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Northern Minerals Pink Sheet Forecast Pattern
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Northern Minerals Forecasted Value
In the context of forecasting Northern Minerals' 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. Northern Minerals' downside and upside margins for the forecasting period are 0 and 11.49, respectively. We have considered Northern Minerals' 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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Northern Minerals pink sheet data series using in forecasting. Note that when a statistical model is used to represent Northern Minerals 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 | 107.9289 |
| Bias | Arithmetic mean of the errors | -7.0E-4 |
| MAD | Mean absolute deviation | 0.0064 |
| MAPE | Mean absolute percentage error | 0.0419 |
| SAE | Sum of the absolute errors | 0.3812 |
Predictive Modules for Northern Minerals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Northern Minerals. 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 Northern Minerals' 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 Northern Minerals
For every potential investor in Northern, whether a beginner or expert, Northern Minerals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Northern Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Northern. Basic forecasting techniques help filter out the noise by identifying Northern Minerals' price trends.Northern Minerals 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 Northern Minerals pink sheet to make a market-neutral strategy. Peer analysis of Northern Minerals could also be used in its relative valuation, which is a method of valuing Northern Minerals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Northern Minerals 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 Northern Minerals' 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 Northern Minerals' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Northern Minerals Market Strength Events
Market strength indicators help investors to evaluate how Northern Minerals 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 Northern Minerals shares will generate the highest return on investment. By undertsting and applying Northern Minerals pink sheet market strength indicators, traders can identify Northern Minerals Exploration entry and exit signals to maximize returns.
Northern Minerals Risk Indicators
The analysis of Northern Minerals' 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 Northern Minerals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting northern 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 | 5.06 | |||
| Semi Deviation | 6.38 | |||
| Standard Deviation | 11.22 | |||
| Variance | 125.78 | |||
| Downside Variance | 269.78 | |||
| Semi Variance | 40.69 | |||
| Expected Short fall | (28.30) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Historical Fundamental Analysis of Northern Minerals to cross-verify your projections. Note that the Northern Minerals information on this page should be used as a complementary analysis to other Northern Minerals' 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Northern Pink Sheet analysis
When running Northern Minerals' price analysis, check to measure Northern Minerals' 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 Northern Minerals is operating at the current time. Most of Northern Minerals' value examination focuses on studying past and present price action to predict the probability of Northern Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Minerals' price. Additionally, you may evaluate how the addition of Northern Minerals to your portfolios can decrease your overall portfolio volatility.
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