Galantas Gold Stock Forecast - Simple Exponential Smoothing

GAL Stock  CAD 0.07  0.01  6.25%   
The Simple Exponential Smoothing forecasted value of Galantas Gold Corp on the next trading day is expected to be 0.08 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.28. Galantas Stock Forecast is based on your current time horizon.
  
Inventory Turnover is likely to drop to 7.70 in 2024. Payables Turnover is likely to drop to 0.08 in 2024. Common Stock Shares Outstanding is likely to climb to about 117.5 M in 2024, whereas Net Loss is likely to drop (5 M) in 2024.
Galantas Gold 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 Galantas Gold Corp are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Galantas Gold Corp prices get older.

Galantas Gold Simple Exponential Smoothing Price Forecast For the 6th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Galantas Gold Corp on the next trading day is expected to be 0.08 with a mean absolute deviation of 0, mean absolute percentage error of 0.000047, and the sum of the absolute errors of 0.28.
Please note that although there have been many attempts to predict Galantas 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 Galantas Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Galantas Gold Stock Forecast Pattern

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Galantas Gold Forecasted Value

In the context of forecasting Galantas Gold'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. Galantas Gold's downside and upside margins for the forecasting period are 0.0008 and 6.54, respectively. We have considered Galantas Gold'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
0.07
0.0008
Downside
0.08
Expected Value
6.54
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 Galantas Gold stock data series using in forecasting. Note that when a statistical model is used to represent Galantas Gold 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 Criteria106.3099
BiasArithmetic mean of the errors 5.0E-4
MADMean absolute deviation0.0047
MAPEMean absolute percentage error0.0446
SAESum of the absolute errors0.2848
This simple exponential smoothing model begins by setting Galantas Gold Corp forecast for the second period equal to the observation of the first period. In other words, recent Galantas Gold observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Galantas Gold

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Galantas Gold Corp. 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
0.000.086.83
Details
Intrinsic
Valuation
LowRealHigh
0.000.076.82
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Other Forecasting Options for Galantas Gold

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

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

Galantas Gold Corp 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 Galantas Gold'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 Galantas Gold's current price.

Galantas Gold Market Strength Events

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

Galantas Gold Risk Indicators

The analysis of Galantas 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 Galantas Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting galantas 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.

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Galantas Stock Analysis

When running Galantas Gold's price analysis, check to measure Galantas Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Galantas Gold is operating at the current time. Most of Galantas Gold's value examination focuses on studying past and present price action to predict the probability of Galantas Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galantas Gold's price. Additionally, you may evaluate how the addition of Galantas Gold to your portfolios can decrease your overall portfolio volatility.