Torex Gold Pink Sheet Forward View - Simple Regression
| TORXF Stock | USD 39.80 -1.22 -2.97% |
This reference page presents Simple Regression forecast data for Torex Gold Resources. The model output shown here is derived from Torex Gold's historical price series and is provided for informational purposes.
The Simple Regression forecasted value of Torex Gold Resources on the next trading day is expected to be 49.66 with a mean absolute deviation of 4.14 and the sum of the absolute errors of 256.41.In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Torex Gold Resources historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. This Simple Regression forecast data for Torex Gold Resources is sourced from the most recent available trading data and is intended solely as reference information. Simple Regression Price Forecast For the 22nd of March
Given 90 days horizon, the Simple Regression forecasted value of Torex Gold Resources on the next trading day is expected to be 49.66 with a mean absolute deviation of 4.14 , mean absolute percentage error of 25.65 , and the sum of the absolute errors of 256.41 .Please note that although there have been many attempts to predict Torex Pink Sheet prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Torex Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pink Sheet Forecast Pattern
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Forecasted Value
The next-day forecast for Torex Gold Resources focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The projected forecast band currently runs from roughly 44.82 on the downside to about 54.50 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Torex Gold pink sheet data series using in forecasting. Note that when a statistical model is used to represent Torex Gold 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 | 123.1931 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 4.1356 |
| MAPE | Mean absolute percentage error | 0.0826 |
| SAE | Sum of the absolute errors | 256.4095 |
Other Forecasting Options for Torex Gold
For every potential investor in Torex, whether a beginner or expert, Torex Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better.Torex Gold Related Equities
The following equities are related to Torex Gold within the Materials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Torex Gold against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Torex Gold Market Strength Events
Market strength indicators help investors to evaluate how Torex Gold 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 Torex Gold shares will generate the highest return on.
| Accumulation Distribution | 5033.48 | |||
| Daily Balance Of Power | -0.50 | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 40.06 | |||
| Day Typical Price | 39.97 | |||
| Price Action Indicator | -0.87 | |||
| Period Momentum Indicator | -1.22 |
Torex Gold Risk Indicators
The analysis of Torex Gold'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 Torex Gold's investment and either accepting that risk or mitigating it.
| Mean Deviation | 3.52 | |||
| Standard Deviation | 4.69 | |||
| Variance | 22.03 |
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.
Story Coverage note for Torex Gold
Coverage intensity for Torex Gold Resources matters because narrative visibility can influence sentiment, participation, and volatility around the name. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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At Torex Gold, financial ratios outline links between core financial data. Each ratio adds context around profit, cash flow, and total value.