Shorepower Technologies OTC Stock Forecast - Simple Exponential Smoothing

SPEV Stock   0.04  0.01  12.50%   
The Simple Exponential Smoothing forecasted value of Shorepower Technologies on the next trading day is expected to be 0.04 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.10. Investors can use prediction functions to forecast Shorepower Technologies' stock prices and determine the direction of Shorepower Technologies's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Shorepower Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in income.
  
Shorepower Technologies 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 Shorepower Technologies are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Shorepower Technologies prices get older.

Shorepower Technologies Simple Exponential Smoothing Price Forecast For the 15th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Shorepower Technologies on the next trading day is expected to be 0.04 with a mean absolute deviation of 0, mean absolute percentage error of 0.000018, and the sum of the absolute errors of 0.10.
Please note that although there have been many attempts to predict Shorepower OTC 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 Shorepower Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Shorepower Technologies OTC Stock Forecast Pattern

Shorepower Technologies Forecasted Value

In the context of forecasting Shorepower Technologies' OTC 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. Shorepower Technologies' downside and upside margins for the forecasting period are 0.0004 and 21.67, respectively. We have considered Shorepower Technologies' 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
0.04
0.0004
Downside
0.04
Expected Value
21.67
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 Shorepower Technologies otc stock data series using in forecasting. Note that when a statistical model is used to represent Shorepower Technologies otc 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 Criteria105.3631
BiasArithmetic mean of the errors -4.0E-4
MADMean absolute deviation0.0017
MAPEMean absolute percentage error0.0629
SAESum of the absolute errors0.101
This simple exponential smoothing model begins by setting Shorepower Technologies forecast for the second period equal to the observation of the first period. In other words, recent Shorepower Technologies observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Shorepower Technologies

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shorepower Technologies. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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 Shorepower Technologies' 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 Shorepower Technologies

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

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

Shorepower Technologies Technical and Predictive Analytics

The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Shorepower Technologies' 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 Shorepower Technologies' current price.

Shorepower Technologies Market Strength Events

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

Shorepower Technologies Risk Indicators

The analysis of Shorepower Technologies' 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 Shorepower Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shorepower otc 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Shorepower OTC Stock Analysis

When running Shorepower Technologies' price analysis, check to measure Shorepower Technologies' 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 Shorepower Technologies is operating at the current time. Most of Shorepower Technologies' value examination focuses on studying past and present price action to predict the probability of Shorepower Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shorepower Technologies' price. Additionally, you may evaluate how the addition of Shorepower Technologies to your portfolios can decrease your overall portfolio volatility.