NEXE Innovations Stock Forecast - Double Exponential Smoothing
| NEXE Stock | CAD 0.39 0.01 2.50% |
The Double Exponential Smoothing forecasted value of NEXE Innovations on the next trading day is expected to be 0.39 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.83. NEXE Stock Forecast is based on your current time horizon.
NEXE |
NEXE Innovations Double Exponential Smoothing Price Forecast For the 12th of December 2024
Given 90 days horizon, the Double Exponential Smoothing forecasted value of NEXE Innovations on the next trading day is expected to be 0.39 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0004, and the sum of the absolute errors of 0.83.Please note that although there have been many attempts to predict NEXE 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 NEXE Innovations' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
NEXE Innovations Stock Forecast Pattern
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NEXE Innovations Forecasted Value
In the context of forecasting NEXE Innovations' 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. NEXE Innovations' downside and upside margins for the forecasting period are 0 and 4.96, respectively. We have considered NEXE Innovations' 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 NEXE Innovations stock data series using in forecasting. Note that when a statistical model is used to represent NEXE Innovations 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 | 0.0029 |
| MAD | Mean absolute deviation | 0.0138 |
| MAPE | Mean absolute percentage error | 0.037 |
| SAE | Sum of the absolute errors | 0.8275 |
Predictive Modules for NEXE Innovations
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NEXE Innovations. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NEXE Innovations' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for NEXE Innovations
For every potential investor in NEXE, whether a beginner or expert, NEXE Innovations' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NEXE Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NEXE. Basic forecasting techniques help filter out the noise by identifying NEXE Innovations' price trends.NEXE Innovations 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 NEXE Innovations stock to make a market-neutral strategy. Peer analysis of NEXE Innovations could also be used in its relative valuation, which is a method of valuing NEXE Innovations by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NEXE Innovations 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 NEXE Innovations' 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 NEXE Innovations' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
NEXE Innovations Market Strength Events
Market strength indicators help investors to evaluate how NEXE Innovations stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NEXE Innovations shares will generate the highest return on investment. By undertsting and applying NEXE Innovations stock market strength indicators, traders can identify NEXE Innovations entry and exit signals to maximize returns.
| Accumulation Distribution | 15590.34 | |||
| Daily Balance Of Power | (0.33) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 0.4 | |||
| Day Typical Price | 0.39 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) |
NEXE Innovations Risk Indicators
The analysis of NEXE Innovations' 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 NEXE Innovations' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nexe 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 | 3.15 | |||
| Semi Deviation | 3.28 | |||
| Standard Deviation | 4.54 | |||
| Variance | 20.64 | |||
| Downside Variance | 26.74 | |||
| Semi Variance | 10.77 | |||
| Expected Short fall | (5.74) |
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.
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Additional Tools for NEXE Stock Analysis
When running NEXE Innovations' price analysis, check to measure NEXE Innovations' 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 NEXE Innovations is operating at the current time. Most of NEXE Innovations' value examination focuses on studying past and present price action to predict the probability of NEXE Innovations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXE Innovations' price. Additionally, you may evaluate how the addition of NEXE Innovations to your portfolios can decrease your overall portfolio volatility.