Erin Energy Pink Sheet Forecast - Double Exponential Smoothing
| ERINQ Stock | USD 0.0001 0.00 0.00% |
The Double Exponential Smoothing forecasted value of Erin Energy Corp on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Erin Pink Sheet Forecast is based on your current time horizon.
Erin |
Erin Energy Double Exponential Smoothing Price Forecast For the 28th of October
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Erin Energy Corp on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict Erin 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 Erin Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Erin Energy Pink Sheet Forecast Pattern
| Backtest Erin Energy | Erin Energy Price Prediction | Buy or Sell Advice |
Erin Energy Forecasted Value
In the context of forecasting Erin Energy'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. Erin Energy's downside and upside margins for the forecasting period are 0.0001 and 0.0001, respectively. We have considered Erin Energy'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 Erin Energy pink sheet data series using in forecasting. Note that when a statistical model is used to represent Erin 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.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Erin 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 Erin Energy Corp. 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.Other Forecasting Options for Erin Energy
For every potential investor in Erin, whether a beginner or expert, Erin Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Erin Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Erin. Basic forecasting techniques help filter out the noise by identifying Erin Energy's price trends.Erin Energy 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 Erin Energy pink sheet to make a market-neutral strategy. Peer analysis of Erin Energy could also be used in its relative valuation, which is a method of valuing Erin Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Erin Energy Corp 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 Erin 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 Erin Energy's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Erin Energy Market Strength Events
Market strength indicators help investors to evaluate how Erin Energy 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 Erin Energy shares will generate the highest return on investment. By undertsting and applying Erin Energy pink sheet market strength indicators, traders can identify Erin Energy Corp entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.0E-4 | |||
| Day Typical Price | 1.0E-4 |
Pair Trading with Erin 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 Erin 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 Erin Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Erin Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erin Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Erin Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Erin Energy Corp to buy it.
The correlation of Erin Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Erin Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erin Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Erin Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Erin Pink Sheet Analysis
When running Erin Energy's price analysis, check to measure Erin Energy'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 Erin Energy is operating at the current time. Most of Erin Energy's value examination focuses on studying past and present price action to predict the probability of Erin Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erin Energy's price. Additionally, you may evaluate how the addition of Erin Energy to your portfolios can decrease your overall portfolio volatility.