Telenor ASA Pink Sheet Forecast - 8 Period Moving Average

TELNF Stock  USD 10.81  0.49  4.34%   
The 8 Period Moving Average forecasted value of Telenor ASA on the next trading day is expected to be 11.07 with a mean absolute deviation of 0.23 and the sum of the absolute errors of 12.22. Telenor Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Telenor ASA's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
An 8-period moving average forecast model for Telenor ASA is based on an artificially constructed time series of Telenor ASA daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Telenor ASA 8 Period Moving Average Price Forecast For the 25th of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of Telenor ASA on the next trading day is expected to be 11.07 with a mean absolute deviation of 0.23, mean absolute percentage error of 0.09, and the sum of the absolute errors of 12.22.
Please note that although there have been many attempts to predict Telenor 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 Telenor ASA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Telenor ASA Pink Sheet Forecast Pattern

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Telenor ASA Forecasted Value

In the context of forecasting Telenor ASA'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. Telenor ASA's downside and upside margins for the forecasting period are 9.39 and 12.75, respectively. We have considered Telenor ASA'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
10.81
11.07
Expected Value
12.75
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Telenor ASA pink sheet data series using in forecasting. Note that when a statistical model is used to represent Telenor ASA 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 Criteria102.7929
BiasArithmetic mean of the errors 0.1232
MADMean absolute deviation0.2263
MAPEMean absolute percentage error0.0193
SAESum of the absolute errors12.2187
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Telenor ASA 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Telenor ASA

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Telenor ASA. 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
9.1310.8112.49
Details
Intrinsic
Valuation
LowRealHigh
9.6011.2812.96
Details

Other Forecasting Options for Telenor ASA

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

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

Telenor ASA 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 Telenor ASA'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 Telenor ASA's current price.

Telenor ASA Market Strength Events

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

Telenor ASA Risk Indicators

The analysis of Telenor ASA'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 Telenor ASA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting telenor 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.

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Other Information on Investing in Telenor Pink Sheet

Telenor ASA financial ratios help investors to determine whether Telenor 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 Telenor with respect to the benefits of owning Telenor ASA security.