5N Plus Stock Forecast - Triple Exponential Smoothing
| VNP Stock | CAD 6.60 0.09 1.35% |
The Triple Exponential Smoothing forecasted value of 5N Plus on the next trading day is expected to be 6.52 with a mean absolute deviation of 0.15 and the sum of the absolute errors of 8.56. VNP Stock Forecast is based on your current time horizon. Although 5N Plus' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of 5N Plus' systematic risk associated with finding meaningful patterns of 5N Plus fundamentals over time.
VNP |
5N Plus Triple Exponential Smoothing Price Forecast For the 3rd of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of 5N Plus on the next trading day is expected to be 6.52 with a mean absolute deviation of 0.15, mean absolute percentage error of 0.04, and the sum of the absolute errors of 8.56.Please note that although there have been many attempts to predict VNP 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 5N Plus' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
5N Plus Stock Forecast Pattern
| Backtest 5N Plus | 5N Plus Price Prediction | Buy or Sell Advice |
5N Plus Forecasted Value
In the context of forecasting 5N Plus' 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. 5N Plus' downside and upside margins for the forecasting period are 4.07 and 8.98, respectively. We have considered 5N Plus' 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 Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of 5N Plus stock data series using in forecasting. Note that when a statistical model is used to represent 5N Plus 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 | -0.0148 |
| MAD | Mean absolute deviation | 0.1451 |
| MAPE | Mean absolute percentage error | 0.0196 |
| SAE | Sum of the absolute errors | 8.5631 |
Predictive Modules for 5N Plus
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 5N Plus. 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.Other Forecasting Options for 5N Plus
For every potential investor in VNP, whether a beginner or expert, 5N Plus' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. VNP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in VNP. Basic forecasting techniques help filter out the noise by identifying 5N Plus' price trends.5N Plus 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 5N Plus stock to make a market-neutral strategy. Peer analysis of 5N Plus could also be used in its relative valuation, which is a method of valuing 5N Plus by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
5N Plus 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 5N Plus' 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 5N Plus' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
5N Plus Market Strength Events
Market strength indicators help investors to evaluate how 5N Plus stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 5N Plus shares will generate the highest return on investment. By undertsting and applying 5N Plus stock market strength indicators, traders can identify 5N Plus entry and exit signals to maximize returns.
5N Plus Risk Indicators
The analysis of 5N Plus' 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 5N Plus' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting vnp 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 | 1.87 | |||
| Semi Deviation | 2.27 | |||
| Standard Deviation | 2.52 | |||
| Variance | 6.37 | |||
| Downside Variance | 5.64 | |||
| Semi Variance | 5.13 | |||
| Expected Short fall | (2.16) |
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.
Other Information on Investing in VNP Stock
5N Plus financial ratios help investors to determine whether VNP Stock 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 VNP with respect to the benefits of owning 5N Plus security.