Renergen Pink Sheet Forecast - Naive Prediction

Renergen Additional Predictive Modules

Most predictive techniques to examine Renergen price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Renergen using various technical indicators. When you analyze Renergen 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 Renergen is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Renergen Limited 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.

Renergen Naive Prediction Price Forecast For the 30th of January

Given 90 days horizon, the Naive Prediction forecasted value of Renergen Limited on the next trading day is expected to be 0.53 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 2.12.

Renergen Pink Sheet Forecast Pattern

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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 Renergen pink sheet data series using in forecasting. Note that when a statistical model is used to represent Renergen 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 Renergen Limited. 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 Renergen. 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 Renergen

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Renergen Limited. 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 0.03 0.56 6.20 Details

Intrinsic Valuation Low Real High 0.03 0.50 6.14 Details

Bollinger Band Projection (param) Low Middle High 0.55 0.56 0.57 Details

Renergen After-Hype Price Density Analysis

Renergen Estimiated After-Hype Price Volatility

Renergen Pink Sheet Price Outlook Analysis

Notes

Renergen Hype Timeline

Renergen Limited is at this time traded for 0.56. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Renergen 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 insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is at this time at -0.56%. %. The volatility of related hype on Renergen is about 0.0%, with the expected price after the next announcement by competition of 0.56. About 36.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 0.02. Renergen Limited had not issued any dividends in recent years. Assuming the 90 days horizon the next estimated press release will be within a week. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Renergen Related Hype Analysis

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Risk & Return

Correlation

Renergen Market Strength Events

Renergen Risk Indicators

Story Coverage note for Renergen

Other Macroaxis Stories

Other Information on Investing in Renergen Pink Sheet