Peyto ExplorationDevel Pink Sheet Forecast - Double Exponential Smoothing
| PEYUF Stock | USD 11.89 0.04 0.34% |
The Double Exponential Smoothing forecasted value of Peyto ExplorationDevelopment Corp on the next trading day is expected to be 11.95 with a mean absolute deviation of 0.14 and the sum of the absolute errors of 8.11. Peyto Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Peyto ExplorationDevel's historical fundamentals, such as revenue growth or operating cash flow patterns.
Peyto |
Peyto ExplorationDevel Double Exponential Smoothing Price Forecast For the 3rd of December
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Peyto ExplorationDevelopment Corp on the next trading day is expected to be 11.95 with a mean absolute deviation of 0.14, mean absolute percentage error of 0.03, and the sum of the absolute errors of 8.11.Please note that although there have been many attempts to predict Peyto Pink Sheet 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 Peyto ExplorationDevel's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Peyto ExplorationDevel Pink Sheet Forecast Pattern
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Peyto ExplorationDevel Forecasted Value
In the context of forecasting Peyto ExplorationDevel's Pink Sheet 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. Peyto ExplorationDevel's downside and upside margins for the forecasting period are 10.43 and 13.47, respectively. We have considered Peyto ExplorationDevel'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 Peyto ExplorationDevel pink sheet data series using in forecasting. Note that when a statistical model is used to represent Peyto ExplorationDevel 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.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | 0.0307 |
| MAD | Mean absolute deviation | 0.1375 |
| MAPE | Mean absolute percentage error | 0.0123 |
| SAE | Sum of the absolute errors | 8.11 |
Predictive Modules for Peyto ExplorationDevel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Peyto ExplorationDevel. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Peyto ExplorationDevel's 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 Peyto ExplorationDevel
For every potential investor in Peyto, whether a beginner or expert, Peyto ExplorationDevel's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Peyto Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Peyto. Basic forecasting techniques help filter out the noise by identifying Peyto ExplorationDevel's price trends.Peyto ExplorationDevel 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 Peyto ExplorationDevel pink sheet to make a market-neutral strategy. Peer analysis of Peyto ExplorationDevel could also be used in its relative valuation, which is a method of valuing Peyto ExplorationDevel by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Peyto ExplorationDevel 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 Peyto ExplorationDevel'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 Peyto ExplorationDevel's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Peyto ExplorationDevel Market Strength Events
Market strength indicators help investors to evaluate how Peyto ExplorationDevel pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Peyto ExplorationDevel shares will generate the highest return on investment. By undertsting and applying Peyto ExplorationDevel pink sheet market strength indicators, traders can identify Peyto ExplorationDevelopment Corp entry and exit signals to maximize returns.
Peyto ExplorationDevel Risk Indicators
The analysis of Peyto ExplorationDevel'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 Peyto ExplorationDevel's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting peyto pink sheet 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 | 1.16 | |||
| Semi Deviation | 1.08 | |||
| Standard Deviation | 1.56 | |||
| Variance | 2.44 | |||
| Downside Variance | 1.76 | |||
| Semi Variance | 1.17 | |||
| Expected Short fall | (1.41) |
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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Other Information on Investing in Peyto Pink Sheet
Peyto ExplorationDevel financial ratios help investors to determine whether Peyto Pink Sheet 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 Peyto with respect to the benefits of owning Peyto ExplorationDevel security.