SBM Offshore Pink Sheet Forecast - Simple Exponential Smoothing
| SBFFY Stock | USD 15.60 0.47 2.92% |
The Simple Exponential Smoothing forecasted value of SBM Offshore NV on the next trading day is expected to be 15.63 with a mean absolute deviation of 0.27 and the sum of the absolute errors of 16.01. SBM Pink Sheet Forecast is based on your current time horizon.
SBM |
Most investors in SBM Offshore cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the SBM Offshore's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets SBM Offshore's price structures and extracts relationships that further increase the generated results' accuracy.
SBM Offshore 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 SBM Offshore NV are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as SBM Offshore NV prices get older. SBM Offshore Simple Exponential Smoothing Price Forecast For the 10th of June
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of SBM Offshore NV on the next trading day is expected to be 15.63 with a mean absolute deviation of 0.27, mean absolute percentage error of 0.22, and the sum of the absolute errors of 16.01.Please note that although there have been many attempts to predict SBM 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 SBM Offshore's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
SBM Offshore Pink Sheet Forecast Pattern
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SBM Offshore Forecasted Value
In the context of forecasting SBM Offshore'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. SBM Offshore's downside and upside margins for the forecasting period are 12.55 and 18.71, respectively. We have considered SBM Offshore'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of SBM Offshore pink sheet data series using in forecasting. Note that when a statistical model is used to represent SBM Offshore 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 | 114.7412 |
| Bias | Arithmetic mean of the errors | -0.0106 |
| MAD | Mean absolute deviation | 0.2668 |
| MAPE | Mean absolute percentage error | 0.0172 |
| SAE | Sum of the absolute errors | 16.0099 |
Predictive Modules for SBM Offshore
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SBM Offshore NV. 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 SBM Offshore'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 SBM Offshore
For every potential investor in SBM, whether a beginner or expert, SBM Offshore's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SBM Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SBM. Basic forecasting techniques help filter out the noise by identifying SBM Offshore's price trends.SBM Offshore 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 SBM Offshore pink sheet to make a market-neutral strategy. Peer analysis of SBM Offshore could also be used in its relative valuation, which is a method of valuing SBM Offshore by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SBM Offshore NV 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 SBM Offshore'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 SBM Offshore's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
SBM Offshore Market Strength Events
Market strength indicators help investors to evaluate how SBM Offshore 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 SBM Offshore shares will generate the highest return on investment. By undertsting and applying SBM Offshore pink sheet market strength indicators, traders can identify SBM Offshore NV entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 15.6 | |||
| Day Typical Price | 15.6 | |||
| Price Action Indicator | (0.24) | |||
| Period Momentum Indicator | (0.47) | |||
| Relative Strength Index | 50.84 |
SBM Offshore Risk Indicators
The analysis of SBM Offshore'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 SBM Offshore's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sbm 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 | 1.61 | |||
| Semi Deviation | 2.07 | |||
| Standard Deviation | 3.12 | |||
| Variance | 9.72 | |||
| Downside Variance | 30.12 | |||
| Semi Variance | 4.28 | |||
| Expected Short fall | (5.01) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for SBM Pink Sheet Analysis
When running SBM Offshore's price analysis, check to measure SBM Offshore's 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 SBM Offshore is operating at the current time. Most of SBM Offshore's value examination focuses on studying past and present price action to predict the probability of SBM Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SBM Offshore's price. Additionally, you may evaluate how the addition of SBM Offshore to your portfolios can decrease your overall portfolio volatility.