Endocan Corp Pink Sheet Forecast - Polynomial Regression
| ENDO Stock | USD 0.0001 0.00 0.00% |
The Polynomial Regression forecasted value of Endocan Corp on the next trading day is expected to be 0.000098 with a mean absolute deviation of 0.00000373 and the sum of the absolute errors of 0.0002. Endocan Pink Sheet Forecast is based on your current time horizon.
Endocan |
Endocan Corp Polynomial Regression Price Forecast For the 5th of December
Given 90 days horizon, the Polynomial Regression forecasted value of Endocan Corp on the next trading day is expected to be 0.000098 with a mean absolute deviation of 0.00000373, mean absolute percentage error of 0, and the sum of the absolute errors of 0.0002.Please note that although there have been many attempts to predict Endocan 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 Endocan Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Endocan Corp Pink Sheet Forecast Pattern
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Endocan Corp Forecasted Value
In the context of forecasting Endocan Corp's 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. Endocan Corp's downside and upside margins for the forecasting period are 0.000001 and 126.82, respectively. We have considered Endocan Corp's 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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Endocan Corp pink sheet data series using in forecasting. Note that when a statistical model is used to represent Endocan Corp 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 | 95.5294 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 9.223372036854776E14 |
| SAE | Sum of the absolute errors | 2.0E-4 |
Predictive Modules for Endocan Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Endocan 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Endocan Corp's 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 Endocan Corp
For every potential investor in Endocan, whether a beginner or expert, Endocan Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Endocan Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Endocan. Basic forecasting techniques help filter out the noise by identifying Endocan Corp's price trends.Endocan Corp 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 Endocan Corp pink sheet to make a market-neutral strategy. Peer analysis of Endocan Corp could also be used in its relative valuation, which is a method of valuing Endocan Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Endocan Corp 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 Endocan Corp'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 Endocan Corp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Endocan Corp Market Strength Events
Market strength indicators help investors to evaluate how Endocan Corp 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 Endocan Corp shares will generate the highest return on investment. By undertsting and applying Endocan Corp pink sheet market strength indicators, traders can identify Endocan Corp entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.0E-4 | |||
| Day Typical Price | 1.0E-4 | |||
| Relative Strength Index | 51.85 |
Pair Trading with Endocan Corp
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 Endocan Corp 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 Endocan Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Endocan Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endocan Corp 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 Endocan Corp - 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 Endocan Corp to buy it.
The correlation of Endocan Corp 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 Endocan Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endocan Corp 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 Endocan Corp 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.Other Information on Investing in Endocan Pink Sheet
Endocan Corp financial ratios help investors to determine whether Endocan Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Endocan with respect to the benefits of owning Endocan Corp security.