Paradigm Oil Pink Sheet Forecast - Simple Moving Average
The Simple Moving Average forecasted value of Paradigm Oil And on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00000254 and the sum of the absolute errors of 0.0002. Paradigm Pink Sheet Forecast is based on your current time horizon.
Paradigm |
Paradigm Oil Simple Moving Average Price Forecast For the 31st of October
Given 90 days horizon, the Simple Moving Average forecasted value of Paradigm Oil And on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00000254, mean absolute percentage error of 0, and the sum of the absolute errors of 0.0002.Please note that although there have been many attempts to predict Paradigm 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 Paradigm Oil's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Paradigm Oil Pink Sheet Forecast Pattern
| Backtest Paradigm Oil | Paradigm Oil Price Prediction | Buy or Sell Advice |
Paradigm Oil Forecasted Value
In the context of forecasting Paradigm Oil'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. Paradigm Oil's downside and upside margins for the forecasting period are 0.00 and 12.70, respectively. We have considered Paradigm Oil'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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Paradigm Oil pink sheet data series using in forecasting. Note that when a statistical model is used to represent Paradigm Oil 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 | 92.1597 |
| 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 | 2.0E-4 |
Predictive Modules for Paradigm Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Paradigm Oil And. 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 Paradigm Oil
For every potential investor in Paradigm, whether a beginner or expert, Paradigm Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Paradigm Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Paradigm. Basic forecasting techniques help filter out the noise by identifying Paradigm Oil's price trends.Paradigm Oil 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 Paradigm Oil pink sheet to make a market-neutral strategy. Peer analysis of Paradigm Oil could also be used in its relative valuation, which is a method of valuing Paradigm Oil by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Paradigm Oil And 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 Paradigm Oil'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 Paradigm Oil's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Paradigm Oil Risk Indicators
The analysis of Paradigm Oil'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 Paradigm Oil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting paradigm 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 | 3.12 | |||
| Standard Deviation | 12.6 | |||
| Variance | 158.73 |
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.
Pair Trading with Paradigm Oil
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 Paradigm Oil 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 Paradigm Oil will appreciate offsetting losses from the drop in the long position's value.Moving against Paradigm Pink Sheet
| 0.75 | BORR | Borr Drilling Earnings Call This Week | PairCorr |
| 0.71 | HP | Helmerich and Payne | PairCorr |
| 0.67 | AAPL | Apple Inc Earnings Call Today | PairCorr |
| 0.66 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.62 | NE | Noble plc | PairCorr |
The ability to find closely correlated positions to Paradigm Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paradigm Oil 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 Paradigm Oil - 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 Paradigm Oil And to buy it.
The correlation of Paradigm Oil 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 Paradigm Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Paradigm Oil And 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 Paradigm Oil 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.Other Information on Investing in Paradigm Pink Sheet
Paradigm Oil financial ratios help investors to determine whether Paradigm Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Paradigm with respect to the benefits of owning Paradigm Oil security.