Cansino Biologics Stock Forecast - Simple Exponential Smoothing

688185 Stock   61.23  0.13  0.21%   
The Simple Exponential Smoothing forecasted value of Cansino Biologics on the next trading day is expected to be 61.23 with a mean absolute deviation of 1.98 and the sum of the absolute errors of 120.95. Cansino Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Cansino Biologics stock prices and determine the direction of Cansino Biologics's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Cansino Biologics' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Cansino Biologics' Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Net Debt is expected to grow to about 499.3 M, whereas Total Assets are forecasted to decline to about 6.7 B.
Cansino Biologics 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 Cansino Biologics are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Cansino Biologics prices get older.

Cansino Biologics Simple Exponential Smoothing Price Forecast For the 26th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Cansino Biologics on the next trading day is expected to be 61.23 with a mean absolute deviation of 1.98, mean absolute percentage error of 9.44, and the sum of the absolute errors of 120.95.
Please note that although there have been many attempts to predict Cansino 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 Cansino Biologics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Cansino Biologics Stock Forecast Pattern

Backtest Cansino BiologicsCansino Biologics Price PredictionBuy or Sell Advice 

Cansino Biologics Forecasted Value

In the context of forecasting Cansino Biologics' 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. Cansino Biologics' downside and upside margins for the forecasting period are 55.81 and 66.65, respectively. We have considered Cansino Biologics' 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
61.23
61.23
Expected Value
66.65
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 Cansino Biologics stock data series using in forecasting. Note that when a statistical model is used to represent Cansino Biologics 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 Criteria120.3554
BiasArithmetic mean of the errors -0.3293
MADMean absolute deviation1.9828
MAPEMean absolute percentage error0.0326
SAESum of the absolute errors120.95
This simple exponential smoothing model begins by setting Cansino Biologics forecast for the second period equal to the observation of the first period. In other words, recent Cansino Biologics observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Cansino Biologics

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cansino Biologics. 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
55.9161.3366.75
Details
Intrinsic
Valuation
LowRealHigh
53.9459.3664.78
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cansino Biologics. Your research has to be compared to or analyzed against Cansino Biologics' peers to derive any actionable benefits. When done correctly, Cansino Biologics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cansino Biologics.

Other Forecasting Options for Cansino Biologics

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

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

Cansino Biologics 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 Cansino Biologics' 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 Cansino Biologics' current price.

Cansino Biologics Market Strength Events

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

Cansino Biologics Risk Indicators

The analysis of Cansino Biologics' 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 Cansino Biologics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cansino stock 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 Cansino Stock

Cansino Biologics financial ratios help investors to determine whether Cansino 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 Cansino with respect to the benefits of owning Cansino Biologics security.