First Resource OTC Stock Forecast - Naive Prediction

FRSB Stock  USD 15.00  0.20  1.35%   
The Naive Prediction forecasted value of First Resource Bank on the next trading day is expected to be 14.83 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 11.08. First OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast First Resource stock prices and determine the direction of First Resource Bank's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of First Resource's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for First Resource is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of First Resource Bank 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.

First Resource Naive Prediction Price Forecast For the 15th of February 2025

Given 90 days horizon, the Naive Prediction forecasted value of First Resource Bank on the next trading day is expected to be 14.83 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.06, and the sum of the absolute errors of 11.08.
Please note that although there have been many attempts to predict First OTC Stock 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 First Resource's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

First Resource OTC Stock Forecast Pattern

JavaScript chart by amCharts 3.21.15Nov 22Dec 3Dec 11Dec 19Dec 30Jan 8Jan 17Jan 28Feb 5Feb 14Next 614.014.515.015.516.016.5
JavaScript chart by amCharts 3.21.15First Resource Bank First Resource Bank forecast
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First Resource Forecasted Value

In the context of forecasting First Resource's OTC Stock 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. First Resource's downside and upside margins for the forecasting period are 13.20 and 16.47, respectively. We have considered First Resource'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.
Market Value
15.00
14.83
Expected Value
16.47
Upside

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 First Resource otc stock data series using in forecasting. Note that when a statistical model is used to represent First Resource otc stock, 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.
AICAkaike Information Criteria115.3287
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1817
MAPEMean absolute percentage error0.0117
SAESum of the absolute errors11.0817
This model is not at all useful as a medium-long range forecasting tool of First Resource Bank. 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 First Resource. 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 First Resource

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as First Resource Bank. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc stock 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 First Resource'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.
Hype
Prediction
LowEstimatedHigh
13.3715.0016.63
Details
Intrinsic
Valuation
LowRealHigh
10.5212.1516.50
Details
Bollinger
Band Projection (param)
LowMiddleHigh
14.6314.9615.29
Details

Other Forecasting Options for First Resource

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

First Resource 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 First Resource otc stock to make a market-neutral strategy. Peer analysis of First Resource could also be used in its relative valuation, which is a method of valuing First Resource by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

First Resource Bank Technical and Predictive Analytics

The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of First Resource'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 First Resource's current price.

First Resource Market Strength Events

Market strength indicators help investors to evaluate how First Resource otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading First Resource shares will generate the highest return on investment. By undertsting and applying First Resource otc stock market strength indicators, traders can identify First Resource Bank entry and exit signals to maximize returns.

First Resource Risk Indicators

The analysis of First Resource's 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 First Resource's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting first otc stock 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.
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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in First OTC Stock

First Resource financial ratios help investors to determine whether First OTC Stock 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 First with respect to the benefits of owning First Resource security.

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