Appen Pink Sheet Forecast - Double Exponential Smoothing
| APXYY Stock | USD 0.82 0.10 13.89% |
The Double Exponential Smoothing forecasted value of Appen 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 2.68. Appen Pink Sheet Forecast is based on your current time horizon.
Appen |
Appen Double Exponential Smoothing Price Forecast For the 13th of November 2024
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Appen 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 2.68.Please note that although there have been many attempts to predict Appen 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 Appen's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Appen Pink Sheet Forecast Pattern
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Appen Forecasted Value
In the context of forecasting Appen's 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. Appen's downside and upside margins for the forecasting period are 0.01 and 17.40, respectively. We have considered Appen'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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Appen pink sheet data series using in forecasting. Note that when a statistical model is used to represent Appen 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 | Huge |
| Bias | Arithmetic mean of the errors | 0.014 |
| MAD | Mean absolute deviation | 0.0446 |
| MAPE | Mean absolute percentage error | 0.0841 |
| SAE | Sum of the absolute errors | 2.6765 |
Predictive Modules for Appen
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Appen 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Appen'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 Appen
For every potential investor in Appen, whether a beginner or expert, Appen's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Appen Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Appen. Basic forecasting techniques help filter out the noise by identifying Appen's price trends.Appen 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 Appen pink sheet to make a market-neutral strategy. Peer analysis of Appen could also be used in its relative valuation, which is a method of valuing Appen by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Appen 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 Appen'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 Appen's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Appen Market Strength Events
Market strength indicators help investors to evaluate how Appen 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 Appen shares will generate the highest return on investment. By undertsting and applying Appen pink sheet market strength indicators, traders can identify Appen Limited entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.14 | |||
| Day Median Price | 0.82 | |||
| Day Typical Price | 0.82 | |||
| Price Action Indicator | 0.05 | |||
| Period Momentum Indicator | 0.1 | |||
| Relative Strength Index | 62.7 |
Appen Risk Indicators
The analysis of Appen'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 Appen's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting appen 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 | 10.61 | |||
| Semi Deviation | 5.57 | |||
| Standard Deviation | 22.8 | |||
| Variance | 519.98 | |||
| Downside Variance | 177.31 | |||
| Semi Variance | 31.04 | |||
| Expected Short fall | (24.08) |
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.Additional Tools for Appen Pink Sheet Analysis
When running Appen's price analysis, check to measure Appen'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 Appen is operating at the current time. Most of Appen's value examination focuses on studying past and present price action to predict the probability of Appen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Appen's price. Additionally, you may evaluate how the addition of Appen to your portfolios can decrease your overall portfolio volatility.