Noranda Aluminum Pink Sheet Forecast - Polynomial Regression
The Polynomial Regression forecasted value of Noranda Aluminum Holding on the next trading day is expected to be 0.000025 with a mean absolute deviation of 0.000016 and the sum of the absolute errors of 0.001. Noranda Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Noranda Aluminum stock prices and determine the direction of Noranda Aluminum Holding's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Noranda Aluminum's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Noranda |
Most investors in Noranda Aluminum 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 Noranda Aluminum's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Noranda Aluminum's price structures and extracts relationships that further increase the generated results' accuracy.
Noranda Aluminum polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Noranda Aluminum Holding as well as the accuracy indicators are determined from the period prices. Noranda Aluminum Polynomial Regression Price Forecast For the 30th of April
Given 90 days horizon, the Polynomial Regression forecasted value of Noranda Aluminum Holding on the next trading day is expected to be 0.000025 with a mean absolute deviation of 0.000016, mean absolute percentage error of 0, and the sum of the absolute errors of 0.001.Please note that although there have been many attempts to predict Noranda 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 Noranda Aluminum's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Noranda Aluminum Pink Sheet Forecast Pattern
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Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Noranda Aluminum pink sheet data series using in forecasting. Note that when a statistical model is used to represent Noranda Aluminum 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 | 96.5235 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 9.223372036854776E14 |
| SAE | Sum of the absolute errors | 0.001 |
Predictive Modules for Noranda Aluminum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Noranda Aluminum Holding. 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 Noranda Aluminum'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.
Noranda Aluminum 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 Noranda Aluminum pink sheet to make a market-neutral strategy. Peer analysis of Noranda Aluminum could also be used in its relative valuation, which is a method of valuing Noranda Aluminum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Other Consideration for investing in Noranda Pink Sheet
If you are still planning to invest in Noranda Aluminum Holding 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 Noranda Aluminum's history and understand the potential risks before investing.
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