Cogeco Communications Pink Sheet Forecast - Naive Prediction
| CGEAF Stock | USD 40.85 0.62 1.54% |
The Naive Prediction forecasted value of Cogeco Communications on the next trading day is expected to be 42.42 with a mean absolute deviation of 0.36 and the sum of the absolute errors of 21.76. Cogeco Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Cogeco Communications stock prices and determine the direction of Cogeco Communications's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Cogeco Communications' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Cogeco Communications to cross-verify your projections. Cogeco |
Most investors in Cogeco Communications cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Cogeco Communications' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Cogeco Communications' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Cogeco Communications is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Cogeco Communications 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. Cogeco Communications Naive Prediction Price Forecast For the 2nd of May
Given 90 days horizon, the Naive Prediction forecasted value of Cogeco Communications on the next trading day is expected to be 42.42 with a mean absolute deviation of 0.36, mean absolute percentage error of 0.19, and the sum of the absolute errors of 21.76.Please note that although there have been many attempts to predict Cogeco 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 Cogeco Communications' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cogeco Communications Pink Sheet Forecast Pattern
| Backtest Cogeco Communications | Cogeco Communications Price Prediction | Buy or Sell Advice |
Cogeco Communications Forecasted Value
In the context of forecasting Cogeco Communications' 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. Cogeco Communications' downside and upside margins for the forecasting period are 41.44 and 43.40, respectively. We have considered Cogeco Communications' 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 Cogeco Communications pink sheet data series using in forecasting. Note that when a statistical model is used to represent Cogeco Communications 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 | 116.4664 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3568 |
| MAPE | Mean absolute percentage error | 0.0083 |
| SAE | Sum of the absolute errors | 21.7623 |
Predictive Modules for Cogeco Communications
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cogeco Communications. 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 Cogeco Communications' 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 Cogeco Communications
For every potential investor in Cogeco, whether a beginner or expert, Cogeco Communications' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cogeco Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cogeco. Basic forecasting techniques help filter out the noise by identifying Cogeco Communications' price trends.Cogeco Communications 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 Cogeco Communications pink sheet to make a market-neutral strategy. Peer analysis of Cogeco Communications could also be used in its relative valuation, which is a method of valuing Cogeco Communications by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cogeco Communications 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 Cogeco Communications' 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 Cogeco Communications' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Cogeco Communications Market Strength Events
Market strength indicators help investors to evaluate how Cogeco Communications 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 Cogeco Communications shares will generate the highest return on investment. By undertsting and applying Cogeco Communications pink sheet market strength indicators, traders can identify Cogeco Communications entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 40.85 | |||
| Day Typical Price | 40.85 | |||
| Price Action Indicator | 0.31 | |||
| Period Momentum Indicator | 0.62 | |||
| Relative Strength Index | 28.33 |
Cogeco Communications Risk Indicators
The analysis of Cogeco Communications' 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 Cogeco Communications' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cogeco 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 | 0.5402 | |||
| Standard Deviation | 1.01 | |||
| Variance | 1.02 |
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 Cogeco Communications
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 Cogeco Communications 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 Cogeco Communications will appreciate offsetting losses from the drop in the long position's value.Moving together with Cogeco Pink Sheet
| 0.77 | PKX | POSCO Holdings | PairCorr |
Moving against Cogeco Pink Sheet
| 0.91 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.86 | XOM | Exxon Mobil Corp Financial Report 26th of July 2024 | PairCorr |
| 0.82 | CVX | Chevron Corp Financial Report 26th of July 2024 | PairCorr |
| 0.78 | MMM | 3M Company Financial Report 23rd of July 2024 | PairCorr |
| 0.76 | CAT | Caterpillar Financial Report 6th of August 2024 | PairCorr |
The ability to find closely correlated positions to Cogeco Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cogeco Communications 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 Cogeco Communications - 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 Cogeco Communications to buy it.
The correlation of Cogeco Communications 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 Cogeco Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cogeco Communications 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 Cogeco Communications 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.Check out Historical Fundamental Analysis of Cogeco Communications to cross-verify your projections. Note that the Cogeco Communications information on this page should be used as a complementary analysis to other Cogeco Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Cogeco Pink Sheet analysis
When running Cogeco Communications' price analysis, check to measure Cogeco Communications' 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 Cogeco Communications is operating at the current time. Most of Cogeco Communications' value examination focuses on studying past and present price action to predict the probability of Cogeco Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cogeco Communications' price. Additionally, you may evaluate how the addition of Cogeco Communications to your portfolios can decrease your overall portfolio volatility.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |