Prestige Wealth Stock Forecast - Simple Exponential Smoothing

PWM Stock   1.14  0.08  7.55%   
The Simple Exponential Smoothing forecasted value of Prestige Wealth Ordinary on the next trading day is expected to be 1.12 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.36. Prestige Stock Forecast is based on your current time horizon. Although Prestige Wealth's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Prestige Wealth's systematic risk associated with finding meaningful patterns of Prestige Wealth fundamentals over time.
  
As of the 4th of December 2024, Receivables Turnover is likely to drop to 0.52. In addition to that, Fixed Asset Turnover is likely to drop to 1.98. As of the 4th of December 2024, Common Stock Shares Outstanding is likely to drop to about 7.1 M. In addition to that, Net Income Applicable To Common Shares is likely to drop to about 1.4 M.
Prestige Wealth 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 Prestige Wealth Ordinary are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Prestige Wealth Ordinary prices get older.

Prestige Wealth Simple Exponential Smoothing Price Forecast For the 5th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Prestige Wealth Ordinary on the next trading day is expected to be 1.12 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.36.
Please note that although there have been many attempts to predict Prestige 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 Prestige Wealth's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Prestige Wealth Stock Forecast Pattern

Backtest Prestige WealthPrestige Wealth Price PredictionBuy or Sell Advice 

Prestige Wealth Forecasted Value

In the context of forecasting Prestige Wealth'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. Prestige Wealth's downside and upside margins for the forecasting period are 0.01 and 9.90, respectively. We have considered Prestige Wealth'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
1.14
1.12
Expected Value
9.90
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 Prestige Wealth stock data series using in forecasting. Note that when a statistical model is used to represent Prestige Wealth 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 Criteria111.4421
BiasArithmetic mean of the errors -0.0081
MADMean absolute deviation0.056
MAPEMean absolute percentage error0.0591
SAESum of the absolute errors3.3582
This simple exponential smoothing model begins by setting Prestige Wealth Ordinary forecast for the second period equal to the observation of the first period. In other words, recent Prestige Wealth observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Prestige Wealth

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prestige Wealth Ordinary. 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 Prestige Wealth'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.
Hype
Prediction
LowEstimatedHigh
0.051.079.85
Details
Intrinsic
Valuation
LowRealHigh
0.040.899.67
Details

Other Forecasting Options for Prestige Wealth

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

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

Prestige Wealth Ordinary 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 Prestige Wealth'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 Prestige Wealth's current price.

Prestige Wealth Market Strength Events

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

Prestige Wealth Risk Indicators

The analysis of Prestige Wealth'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 Prestige Wealth's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting prestige 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.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Prestige Wealth Ordinary is a strong investment it is important to analyze Prestige Wealth'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 Prestige Wealth's future performance. For an informed investment choice regarding Prestige Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Prestige Wealth to cross-verify your projections.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Prestige Wealth. If investors know Prestige will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Prestige Wealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.82)
Earnings Share
(0.12)
Revenue Per Share
0.042
Quarterly Revenue Growth
(0.68)
Return On Assets
(0.11)
The market value of Prestige Wealth Ordinary is measured differently than its book value, which is the value of Prestige that is recorded on the company's balance sheet. Investors also form their own opinion of Prestige Wealth's value that differs from its market value or its book value, called intrinsic value, which is Prestige Wealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Prestige Wealth's market value can be influenced by many factors that don't directly affect Prestige Wealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Prestige Wealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prestige Wealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prestige Wealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.