Cooper Energy Pink Sheet Forecast - Naive Prediction

A naive forecasting model for Cooper Energy is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Cooper Energy Limited 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.

Cooper Energy Naive Prediction Price Forecast For the 28th of April

Given 90 days horizon, the Naive Prediction forecasted value of Cooper Energy Limited on the next trading day is expected to be 0.16 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0003, and the sum of the absolute errors of 0.78.

Cooper Energy Pink Sheet Forecast Pattern

Backtest Cooper Energy

Cooper Energy Price Prediction

Buy or Sell Advice

Cooper Energy Forecasted Value

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 Cooper Energy pink sheet data series using in forecasting. Note that when a statistical model is used to represent Cooper Energy 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. This model is not at all useful as a medium-long range forecasting tool of Cooper Energy Limited. 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 Cooper Energy. 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 Cooper Energy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cooper Energy Limited. 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.

Hype Prediction Low Estimated High 0.01 0.16 14.44 Details

Intrinsic Valuation Low Real High 0.01 0.12 14.40 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cooper Energy. Your research has to be compared to or analyzed against Cooper Energy's peers to derive any actionable benefits. When done correctly, Cooper Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cooper Energy Limited.

Other Forecasting Options for Cooper Energy

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

Cooper Energy Related Equities

Risk & Return

Correlation

Cooper Energy Limited 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 Cooper Energy'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 Cooper Energy's current price.

Cooper Energy Market Strength Events

Cooper Energy Risk Indicators

Pair Trading with Cooper Energy

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 Cooper Energy 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 Cooper Energy will appreciate offsetting losses from the drop in the long position's value.

Complementary Tools for Cooper Pink Sheet analysis

Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

Buy or Sell Advice Details

Technical Analysis Details

Please note, there is a significant difference between Cooper Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cooper Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cooper Energy'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.