Nexxen International Pink Sheet Forecast - Double Exponential Smoothing

Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Nexxen International works best with periods where there are trends or seasonality.

Nexxen International Double Exponential Smoothing Price Forecast For the 2nd of January

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Nexxen International on the next trading day is expected to be 10.04 with a mean absolute deviation of 0.23, mean absolute percentage error of 0.11, and the sum of the absolute errors of 13.95.

Nexxen International Pink Sheet Forecast Pattern

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Nexxen International Price Prediction

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Nexxen International Forecasted Value

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 Nexxen International pink sheet data series using in forecasting. Note that when a statistical model is used to represent Nexxen International pink sheet, 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. When Nexxen International prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any Nexxen International trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Nexxen International observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Nexxen International

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nexxen International. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Low Estimated High 6.14 10.02 13.90 Details

Intrinsic Valuation Low Real High 6.82 10.70 14.58 Details

Bollinger Band Projection (param) Low Middle High 9.65 10.01 10.37 Details

Other Forecasting Options for Nexxen International

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

Nexxen International Related Equities

Risk & Return

Correlation

Nexxen International Technical and Predictive Analytics

The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Nexxen International'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 Nexxen International's current price.

Nexxen International Market Strength Events

Nexxen International Risk Indicators

Pair Trading with Nexxen International

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nexxen International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nexxen International will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Nexxen Pink Sheet