CANASIL RESOURCES Stock Forecast - Simple Exponential Smoothing

3CC Stock  EUR 0.01  0.00  0.00%   
The Simple Exponential Smoothing forecasted value of CANASIL RESOURCES on the next trading day is expected to be 0.01 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. CANASIL Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast CANASIL RESOURCES stock prices and determine the direction of CANASIL RESOURCES's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of CANASIL RESOURCES's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
CANASIL RESOURCES simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for CANASIL RESOURCES are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as CANASIL RESOURCES prices get older.

CANASIL RESOURCES Simple Exponential Smoothing Price Forecast For the 5th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of CANASIL RESOURCES on the next trading day is expected to be 0.01 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.
Please note that although there have been many attempts to predict CANASIL 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 CANASIL RESOURCES's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

CANASIL RESOURCES Stock Forecast Pattern

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CANASIL RESOURCES Forecasted Value

In the context of forecasting CANASIL RESOURCES'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. CANASIL RESOURCES's downside and upside margins for the forecasting period are 0.01 and 0.01, respectively. We have considered CANASIL RESOURCES'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
0.01
0.01
Expected Value
0.01
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of CANASIL RESOURCES stock data series using in forecasting. Note that when a statistical model is used to represent CANASIL RESOURCES 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 Criteria-9.223372036854776E14
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0
MAPEMean absolute percentage error0.0
SAESum of the absolute errors0.0
This simple exponential smoothing model begins by setting CANASIL RESOURCES forecast for the second period equal to the observation of the first period. In other words, recent CANASIL RESOURCES observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for CANASIL RESOURCES

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CANASIL RESOURCES. 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.
Hype
Prediction
LowEstimatedHigh
0.010.010.01
Details
Intrinsic
Valuation
LowRealHigh
0.010.010.01
Details

Other Forecasting Options for CANASIL RESOURCES

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

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

CANASIL RESOURCES 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 CANASIL RESOURCES'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 CANASIL RESOURCES's current price.

CANASIL RESOURCES Market Strength Events

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

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 CANASIL Stock

CANASIL RESOURCES financial ratios help investors to determine whether CANASIL 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 CANASIL with respect to the benefits of owning CANASIL RESOURCES security.