Nextplay Technologies Pink Sheet Forecast - Simple Moving Average
| NXTPDelisted Stock | USD 0.40 0.34 566.67% |
The Simple Moving Average forecasted value of Nextplay Technologies on the next trading day is expected to be 0.40 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.57. Nextplay Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nextplay Technologies stock prices and determine the direction of Nextplay Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nextplay Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Nextplay Technologies to cross-verify your projections. Nextplay |
Most investors in Nextplay Technologies 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 Nextplay Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Nextplay Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for Nextplay Technologies is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility. Nextplay Technologies Simple Moving Average Price Forecast For the 26th of April
Given 90 days horizon, the Simple Moving Average forecasted value of Nextplay Technologies on the next trading day is expected to be 0.40 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.57.Please note that although there have been many attempts to predict Nextplay 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 Nextplay Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nextplay Technologies Pink Sheet Forecast Pattern
| Backtest Nextplay Technologies | Nextplay Technologies Price Prediction | Buy or Sell Advice |
Nextplay Technologies Forecasted Value
In the context of forecasting Nextplay Technologies' 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. Nextplay Technologies' downside and upside margins for the forecasting period are 0 and 93.93, respectively. We have considered Nextplay Technologies' 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 Moving Average forecasting method's relative quality and the estimations of the prediction error of Nextplay Technologies pink sheet data series using in forecasting. Note that when a statistical model is used to represent Nextplay Technologies 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 | 110.1358 |
| Bias | Arithmetic mean of the errors | 0.0331 |
| MAD | Mean absolute deviation | 0.0775 |
| MAPE | Mean absolute percentage error | 0.2048 |
| SAE | Sum of the absolute errors | 4.57 |
Predictive Modules for Nextplay Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nextplay Technologies. 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 Nextplay Technologies' 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 Nextplay Technologies
For every potential investor in Nextplay, whether a beginner or expert, Nextplay Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nextplay Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nextplay. Basic forecasting techniques help filter out the noise by identifying Nextplay Technologies' price trends.Nextplay Technologies 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 Nextplay Technologies pink sheet to make a market-neutral strategy. Peer analysis of Nextplay Technologies could also be used in its relative valuation, which is a method of valuing Nextplay Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nextplay Technologies 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 Nextplay Technologies' 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 Nextplay Technologies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Nextplay Technologies Market Strength Events
Market strength indicators help investors to evaluate how Nextplay Technologies 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 Nextplay Technologies shares will generate the highest return on investment. By undertsting and applying Nextplay Technologies pink sheet market strength indicators, traders can identify Nextplay Technologies entry and exit signals to maximize returns.
Nextplay Technologies Risk Indicators
The analysis of Nextplay Technologies' 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 Nextplay Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nextplay 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 | 21.93 | |||
| Semi Deviation | 14.16 | |||
| Standard Deviation | 87.7 | |||
| Variance | 7691.85 | |||
| Downside Variance | 330.72 | |||
| Semi Variance | 200.47 | |||
| Expected Short fall | (31.23) |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nextplay Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nextplay Technologies' short interest history, or implied volatility extrapolated from Nextplay Technologies options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Nextplay Technologies to cross-verify your projections. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Other Consideration for investing in Nextplay Pink Sheet
If you are still planning to invest in Nextplay Technologies 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 Nextplay Technologies' history and understand the potential risks before investing.
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