Candelaria Mining Pink Sheet Forecast - Naive Prediction

Candelaria Mining Additional Predictive Modules

Most predictive techniques to examine Candelaria price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Candelaria using various technical indicators. When you analyze Candelaria 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. A naive forecasting model for Candelaria Mining is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Candelaria Mining Corp value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Candelaria Mining Naive Prediction Price Forecast For the 23rd of January

Given 90 days horizon, the Naive Prediction forecasted value of Candelaria Mining Corp on the next trading day is expected to be 0 with a mean absolute deviation of 0.0007, mean absolute percentage error of 0.00000104, and the sum of the absolute errors of 0.04.

Candelaria Mining Pink Sheet Forecast Pattern

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Candelaria Mining Forecasted Value

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 Candelaria Mining pink sheet data series using in forecasting. Note that when a statistical model is used to represent Candelaria Mining 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. This model is not at all useful as a medium-long range forecasting tool of Candelaria Mining Corp. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Candelaria Mining. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Candelaria Mining

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Candelaria Mining 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.

Hype Prediction Low Estimated High 0.00 0 8.27 Details

Intrinsic Valuation Low Real High 0.00 0 8.27 Details

Bollinger Band Projection (param) Low Middle High 0 0 0 Details

Candelaria Mining After-Hype Price Prediction Density Analysis

Candelaria Mining Estimiated After-Hype Price Volatility

Candelaria Mining Pink Sheet Price Prediction Analysis

Candelaria Mining Hype Timeline

Candelaria Mining Corp is currently traded for 0. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Candelaria is expected to increase in value after the next headline, with the price projected to jump to 0.003096 or above. The average volatility of media hype impact on the company the price is insignificant. The price rise on the next news is estimated to be 3.19%, whereas the daily expected return is currently at -1.39%. The volatility of related hype on Candelaria Mining is about 0.0%, with the expected price after the next announcement by competition of 0.00. Candelaria Mining Corp has accumulated 1.37 M in total debt with debt to equity ratio (D/E) of 0.13, which may suggest the company is not taking enough advantage from borrowing. Assuming the 90 days horizon the next expected press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Candelaria Mining to cross-verify your projections.

Candelaria Mining Related Hype Analysis

Other Forecasting Options for Candelaria Mining

For every potential investor in Candelaria, whether a beginner or expert, Candelaria Mining's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Candelaria Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Candelaria. Basic forecasting techniques help filter out the noise by identifying Candelaria Mining's price trends.

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Candelaria Mining Market Strength Events

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