RESOLUTION MINERALS Stock Forecast - Polynomial Regression
| NC3 Stock | EUR 0.0005 0.00 0.00% |
The Polynomial Regression forecasted value of RESOLUTION MINERALS LTD on the next trading day is expected to be -0.001 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.07. RESOLUTION Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of RESOLUTION MINERALS's historical fundamentals, such as revenue growth or operating cash flow patterns.
RESOLUTION |
RESOLUTION MINERALS Polynomial Regression Price Forecast For the 22nd of March
Given 90 days horizon, the Polynomial Regression forecasted value of RESOLUTION MINERALS LTD on the next trading day is expected to be -0.001 with a mean absolute deviation of 0, mean absolute percentage error of 0.00000637, and the sum of the absolute errors of 0.07.Please note that although there have been many attempts to predict RESOLUTION 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 RESOLUTION MINERALS's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
RESOLUTION MINERALS Stock Forecast Pattern
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RESOLUTION MINERALS Forecasted Value
In the context of forecasting RESOLUTION MINERALS's 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. RESOLUTION MINERALS's downside and upside margins for the forecasting period are 0.000005 and -0.001, respectively. We have considered RESOLUTION MINERALS'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 RESOLUTION MINERALS stock data series using in forecasting. Note that when a statistical model is used to represent RESOLUTION MINERALS 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.| AIC | Akaike Information Criteria | 106.1465 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0011 |
| MAPE | Mean absolute percentage error | 1.6155 |
| SAE | Sum of the absolute errors | 0.0662 |
Predictive Modules for RESOLUTION MINERALS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RESOLUTION MINERALS LTD. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.Other Forecasting Options for RESOLUTION MINERALS
For every potential investor in RESOLUTION, whether a beginner or expert, RESOLUTION MINERALS's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. RESOLUTION Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in RESOLUTION. Basic forecasting techniques help filter out the noise by identifying RESOLUTION MINERALS's price trends.RESOLUTION MINERALS 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 RESOLUTION MINERALS stock to make a market-neutral strategy. Peer analysis of RESOLUTION MINERALS could also be used in its relative valuation, which is a method of valuing RESOLUTION MINERALS by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
RESOLUTION MINERALS LTD Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of RESOLUTION MINERALS'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 RESOLUTION MINERALS's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
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| Volume Indicators |
RESOLUTION MINERALS Market Strength Events
Market strength indicators help investors to evaluate how RESOLUTION MINERALS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RESOLUTION MINERALS shares will generate the highest return on investment. By undertsting and applying RESOLUTION MINERALS stock market strength indicators, traders can identify RESOLUTION MINERALS LTD entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 5.0E-4 | |||
| Day Typical Price | 5.0E-4 |
Currently Active Assets on Macroaxis
Other Information on Investing in RESOLUTION Stock
RESOLUTION MINERALS financial ratios help investors to determine whether RESOLUTION 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 RESOLUTION with respect to the benefits of owning RESOLUTION MINERALS security.