Bitterroot Resources Stock Forward View
| BTT Stock | CAD 0.09 0.01 10.00% |
Bitterroot Stock outlook is based on your current time horizon.
At this time, the relative strength momentum indicator of Bitterroot Resources' share price is approaching 48 suggesting that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Bitterroot Resources, making its price go up or down. Momentum 48
Impartial
Oversold | Overbought |
Using Bitterroot Resources hype-based prediction, you can estimate the value of Bitterroot Resources from the perspective of Bitterroot Resources response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Bitterroot Resources on the next trading day is expected to be 0.08 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.29. Bitterroot Resources after-hype prediction price | CAD 0.09 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Bitterroot |
Bitterroot Resources Additional Predictive Modules
Most predictive techniques to examine Bitterroot price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Bitterroot using various technical indicators. When you analyze Bitterroot charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Bitterroot Resources Naive Prediction Price Forecast For the 5th of February
Given 90 days horizon, the Naive Prediction forecasted value of Bitterroot Resources on the next trading day is expected to be 0.08 with a mean absolute deviation of 0, mean absolute percentage error of 0.000037, and the sum of the absolute errors of 0.29.Please note that although there have been many attempts to predict Bitterroot Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Bitterroot Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bitterroot Resources Stock Forecast Pattern
| Backtest Bitterroot Resources | Bitterroot Resources Price Prediction | Research Analysis |
Bitterroot Resources Forecasted Value
In the context of forecasting Bitterroot Resources' Stock 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. Bitterroot Resources' downside and upside margins for the forecasting period are 0.0009 and 9.03, respectively. We have considered Bitterroot Resources' 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Bitterroot Resources stock data series using in forecasting. Note that when a statistical model is used to represent Bitterroot Resources stock, 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 | 109.7401 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0047 |
| MAPE | Mean absolute percentage error | 0.057 |
| SAE | Sum of the absolute errors | 0.2944 |
Predictive Modules for Bitterroot Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bitterroot Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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.Bitterroot Resources After-Hype Price Density Analysis
As far as predicting the price of Bitterroot Resources at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Bitterroot Resources or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Bitterroot Resources, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Bitterroot Resources Estimiated After-Hype Price Volatility
In the context of predicting Bitterroot Resources' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Bitterroot Resources' historical news coverage. Bitterroot Resources' after-hype downside and upside margins for the prediction period are 0.00 and 9.09, respectively. We have considered Bitterroot Resources' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Bitterroot Resources is out of control at this time. Analysis and calculation of next after-hype price of Bitterroot Resources is based on 3 months time horizon.
Bitterroot Resources Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Bitterroot Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bitterroot Resources backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Bitterroot Resources, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.38 | 8.94 | 0.00 | 0.00 | 1 Events / Month | 1 Events / Month | Very soon |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.09 | 0.09 | 0.00 |
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Bitterroot Resources Hype Timeline
Bitterroot Resources is currently traded for 0.09on TSX Venture Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Bitterroot is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is estimated to be very small, whereas the daily expected return is currently at 0.38%. %. The volatility of related hype on Bitterroot Resources is about 74500.0%, with the expected price after the next announcement by competition of 0.09. About 26.0% of the company shares are held by company insiders. The book value of Bitterroot Resources was currently reported as 0.05. The company had not issued any dividends in recent years. Bitterroot Resources had 1:10 split on the 29th of September 2015. Assuming the 90 days horizon the next estimated press release will be very soon. Check out Historical Fundamental Analysis of Bitterroot Resources to cross-verify your projections.Bitterroot Resources Related Hype Analysis
Having access to credible news sources related to Bitterroot Resources' direct competition is more important than ever and may enhance your ability to predict Bitterroot Resources' future price movements. Getting to know how Bitterroot Resources' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Bitterroot Resources may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| KTR | Kintavar Exploration | (0) | 2 per month | 5.33 | 0.01 | 14.29 | (11.76) | 39.08 | |
| NTH | Nord Precious Metals | 0.03 | 5 per month | 5.06 | 0.07 | 15.38 | (10.34) | 36.29 | |
| VZZ | Uranium Valley Mines | 0.01 | 2 per month | 4.74 | 0.04 | 11.11 | (10.00) | 31.58 | |
| HAR | Harfang Exploration | 0.01 | 3 per month | 0.00 | (0.06) | 7.14 | (11.76) | 25.00 | |
| PE | Pure Energy Minerals | 0.02 | 4 per month | 6.24 | 0.07 | 19.05 | (12.50) | 36.52 |
Other Forecasting Options for Bitterroot Resources
For every potential investor in Bitterroot, whether a beginner or expert, Bitterroot Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bitterroot Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bitterroot. Basic forecasting techniques help filter out the noise by identifying Bitterroot Resources' price trends.Bitterroot Resources 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 Bitterroot Resources stock to make a market-neutral strategy. Peer analysis of Bitterroot Resources could also be used in its relative valuation, which is a method of valuing Bitterroot Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bitterroot Resources Market Strength Events
Market strength indicators help investors to evaluate how Bitterroot Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bitterroot Resources shares will generate the highest return on investment. By undertsting and applying Bitterroot Resources stock market strength indicators, traders can identify Bitterroot Resources entry and exit signals to maximize returns.
| Rate Of Daily Change | 0.9 | |||
| Day Median Price | 0.09 | |||
| Day Typical Price | 0.09 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 48.06 |
Bitterroot Resources Risk Indicators
The analysis of Bitterroot Resources' 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 Bitterroot Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bitterroot stock 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 | 4.76 | |||
| Semi Deviation | 5.77 | |||
| Standard Deviation | 8.84 | |||
| Variance | 78.14 | |||
| Downside Variance | 185.31 | |||
| Semi Variance | 33.32 | |||
| Expected Short fall | (16.06) |
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.
Story Coverage note for Bitterroot Resources
The number of cover stories for Bitterroot Resources depends on current market conditions and Bitterroot Resources' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Bitterroot Resources is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Bitterroot Resources' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Tools for Bitterroot Stock Analysis
When running Bitterroot Resources' price analysis, check to measure Bitterroot Resources' 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 Bitterroot Resources is operating at the current time. Most of Bitterroot Resources' value examination focuses on studying past and present price action to predict the probability of Bitterroot Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitterroot Resources' price. Additionally, you may evaluate how the addition of Bitterroot Resources to your portfolios can decrease your overall portfolio volatility.