CD Projekt Pink Sheet Forecast - Naive Prediction

OTGLF Stock  USD 45.47  1.28  2.74%   
The Naive Prediction forecasted value of CD Projekt SA on the next trading day is expected to be 54.61 with a mean absolute deviation of 1.45 and the sum of the absolute errors of 88.36. OTGLF Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of CD Projekt's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for CD Projekt is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of CD Projekt SA 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.

CD Projekt Naive Prediction Price Forecast For the 14th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of CD Projekt SA on the next trading day is expected to be 54.61 with a mean absolute deviation of 1.45, mean absolute percentage error of 4.86, and the sum of the absolute errors of 88.36.
Please note that although there have been many attempts to predict OTGLF 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 CD Projekt's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

CD Projekt Pink Sheet Forecast Pattern

JavaScript chart by amCharts 3.21.15Sep 27Oct 7Oct 15Oct 23Oct 31Nov 8Nov 18Nov 26Dec 5Dec 13Next 6405060708090100
JavaScript chart by amCharts 3.21.15CD Projekt SA CD Projekt SA forecast
Backtest CD ProjektCD Projekt Price PredictionBuy or Sell Advice 

CD Projekt Forecasted Value

In the context of forecasting CD Projekt'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. CD Projekt's downside and upside margins for the forecasting period are 50.03 and 59.19, respectively. We have considered CD Projekt'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
45.47
54.61
Expected Value
59.19
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 CD Projekt pink sheet data series using in forecasting. Note that when a statistical model is used to represent CD Projekt 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.
AICAkaike Information Criteria119.6919
BiasArithmetic mean of the errors None
MADMean absolute deviation1.4486
MAPEMean absolute percentage error0.0353
SAESum of the absolute errors88.364
This model is not at all useful as a medium-long range forecasting tool of CD Projekt SA. 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 CD Projekt. 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 CD Projekt

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CD Projekt SA. 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
LowEstimatedHigh
42.1546.7551.35
Details
Intrinsic
Valuation
LowRealHigh
32.2136.8151.43
Details
Bollinger
Band Projection (param)
LowMiddleHigh
29.2439.4349.62
Details

Other Forecasting Options for CD Projekt

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

View CD Projekt Related Equities

 Risk & Return  Correlation

CD Projekt SA 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 CD Projekt'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 CD Projekt's current price.

CD Projekt Market Strength Events

Market strength indicators help investors to evaluate how CD Projekt 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 CD Projekt shares will generate the highest return on investment. By undertsting and applying CD Projekt pink sheet market strength indicators, traders can identify CD Projekt SA entry and exit signals to maximize returns.

CD Projekt Risk Indicators

The analysis of CD Projekt'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 CD Projekt's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting otglf pink sheet 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.

Currently Active Assets on Macroaxis

Other Information on Investing in OTGLF Pink Sheet

CD Projekt financial ratios help investors to determine whether OTGLF 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 OTGLF with respect to the benefits of owning CD Projekt security.