Lion Electric Stock Forecast - Double Exponential Smoothing
| LEV Stock | CAD 0.26 0.01 3.70% |
The Double Exponential Smoothing forecasted value of Lion Electric Corp on the next trading day is expected to be 0.24 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.62. Lion Stock Forecast is based on your current time horizon. Although Lion Electric's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Lion Electric's systematic risk associated with finding meaningful patterns of Lion Electric fundamentals over time.
Lion |
Lion Electric Double Exponential Smoothing Price Forecast For the 1st of December
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Lion Electric Corp on the next trading day is expected to be 0.24 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.62.Please note that although there have been many attempts to predict Lion 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 Lion Electric's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Lion Electric Stock Forecast Pattern
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Lion Electric Forecasted Value
In the context of forecasting Lion Electric'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. Lion Electric's downside and upside margins for the forecasting period are 0 and 7.16, respectively. We have considered Lion Electric'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Lion Electric stock data series using in forecasting. Note that when a statistical model is used to represent Lion Electric 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.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | -0.0067 |
| MAD | Mean absolute deviation | 0.027 |
| MAPE | Mean absolute percentage error | 0.0474 |
| SAE | Sum of the absolute errors | 1.62 |
Predictive Modules for Lion Electric
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Lion Electric 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.Other Forecasting Options for Lion Electric
For every potential investor in Lion, whether a beginner or expert, Lion Electric's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Lion Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Lion. Basic forecasting techniques help filter out the noise by identifying Lion Electric's price trends.Lion Electric 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 Lion Electric stock to make a market-neutral strategy. Peer analysis of Lion Electric could also be used in its relative valuation, which is a method of valuing Lion Electric by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Lion Electric 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 Lion Electric'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 Lion Electric's current price.| Cycle Indicators | ||
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Lion Electric Market Strength Events
Market strength indicators help investors to evaluate how Lion Electric stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Lion Electric shares will generate the highest return on investment. By undertsting and applying Lion Electric stock market strength indicators, traders can identify Lion Electric Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 105141.0 | |||
| Daily Balance Of Power | (0.33) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 0.27 | |||
| Day Typical Price | 0.26 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 22.44 |
Lion Electric Risk Indicators
The analysis of Lion Electric'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 Lion Electric's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lion 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.
| Mean Deviation | 4.24 | |||
| Standard Deviation | 6.88 | |||
| Variance | 47.36 |
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.
When determining whether Lion Electric Corp is a strong investment it is important to analyze Lion Electric's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Lion Electric's future performance. For an informed investment choice regarding Lion Stock, refer to the following important reports: Check out Historical Fundamental Analysis of Lion Electric to cross-verify your projections. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.