Bitmine Immersion Pink Sheet Forecast - Naive Prediction

A naive forecasting model for Bitmine Immersion is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Bitmine Immersion Technologies 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.

Bitmine Immersion Naive Prediction Price Forecast For the 4th of December

Given 90 days horizon, the Naive Prediction forecasted value of Bitmine Immersion Technologies on the next trading day is expected to be 0.30 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.71.

Bitmine Immersion Pink Sheet Forecast Pattern

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Bitmine Immersion Price Prediction

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Bitmine Immersion 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 Bitmine Immersion pink sheet data series using in forecasting. Note that when a statistical model is used to represent Bitmine Immersion 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 Bitmine Immersion Technologies. 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 Bitmine Immersion. 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 Bitmine Immersion

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bitmine Immersion. 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 0.02 0.37 20.02 Details

Intrinsic Valuation Low Real High 0.01 0.29 19.94 Details

Bollinger Band Projection (param) Low Middle High 0.25 0.32 0.40 Details

Other Forecasting Options for Bitmine Immersion

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

Bitmine Immersion Related Equities

Risk & Return

Correlation

Bitmine Immersion 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 Bitmine Immersion'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 Bitmine Immersion's current price.

Bitmine Immersion Market Strength Events

Bitmine Immersion Risk Indicators

Pair Trading with Bitmine Immersion

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 Bitmine Immersion 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 Bitmine Immersion will appreciate offsetting losses from the drop in the long position's value.

Additional Tools for Bitmine Pink Sheet Analysis