Sylvania Platinum OTC Stock Forecast - 8 Period Moving Average
| SAPLF Stock | USD 0.88 0.01 1.15% |
The 8 Period Moving Average forecasted value of Sylvania Platinum Limited on the next trading day is expected to be 0.84 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 1.88. Sylvania OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sylvania Platinum stock prices and determine the direction of Sylvania Platinum Limited's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Sylvania Platinum's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Sylvania Platinum to cross-verify your projections. Sylvania |
Most investors in Sylvania Platinum 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 Sylvania Platinum's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Sylvania Platinum's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Sylvania Platinum is based on an artificially constructed time series of Sylvania Platinum daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Sylvania Platinum 8 Period Moving Average Price Forecast For the 16th of April 2024
Given 90 days horizon, the 8 Period Moving Average forecasted value of Sylvania Platinum Limited on the next trading day is expected to be 0.84 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 1.88.Please note that although there have been many attempts to predict Sylvania 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 Sylvania Platinum's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sylvania Platinum OTC Stock Forecast Pattern
| Backtest Sylvania Platinum | Sylvania Platinum Price Prediction | Buy or Sell Advice |
Sylvania Platinum Forecasted Value
In the context of forecasting Sylvania Platinum'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. Sylvania Platinum's downside and upside margins for the forecasting period are 0.01 and 4.17, respectively. We have considered Sylvania Platinum'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Sylvania Platinum otc stock data series using in forecasting. Note that when a statistical model is used to represent Sylvania Platinum 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.| AIC | Akaike Information Criteria | 97.2603 |
| Bias | Arithmetic mean of the errors | -0.0041 |
| MAD | Mean absolute deviation | 0.0355 |
| MAPE | Mean absolute percentage error | 0.0477 |
| SAE | Sum of the absolute errors | 1.8825 |
Predictive Modules for Sylvania Platinum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sylvania Platinum. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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, anticipate that the market will even out over time. This tendency of Sylvania Platinum'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 Sylvania Platinum
For every potential investor in Sylvania, whether a beginner or expert, Sylvania Platinum's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sylvania OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sylvania. Basic forecasting techniques help filter out the noise by identifying Sylvania Platinum's price trends.Sylvania Platinum 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 Sylvania Platinum otc stock to make a market-neutral strategy. Peer analysis of Sylvania Platinum could also be used in its relative valuation, which is a method of valuing Sylvania Platinum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sylvania Platinum Technical and Predictive Analytics
The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Sylvania Platinum'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 Sylvania Platinum's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Sylvania Platinum Market Strength Events
Market strength indicators help investors to evaluate how Sylvania Platinum 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 Sylvania Platinum shares will generate the highest return on investment. By undertsting and applying Sylvania Platinum otc stock market strength indicators, traders can identify Sylvania Platinum Limited entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 0.88 | |||
| Day Typical Price | 0.88 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 | |||
| Relative Strength Index | 36.95 |
Sylvania Platinum Risk Indicators
The analysis of Sylvania Platinum'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 Sylvania Platinum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sylvania otc stock 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 | 2.04 | |||
| Standard Deviation | 3.25 | |||
| Variance | 10.57 |
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 Sylvania Platinum 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, Sylvania Platinum's short interest history, or implied volatility extrapolated from Sylvania Platinum options trading.
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Check out Historical Fundamental Analysis of Sylvania Platinum to cross-verify your projections. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Sylvania OTC Stock analysis
When running Sylvania Platinum's price analysis, check to measure Sylvania Platinum'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 Sylvania Platinum is operating at the current time. Most of Sylvania Platinum's value examination focuses on studying past and present price action to predict the probability of Sylvania Platinum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sylvania Platinum's price. Additionally, you may evaluate how the addition of Sylvania Platinum to your portfolios can decrease your overall portfolio volatility.
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