Abacus Mining Stock Forecast - Double Exponential Smoothing
| AME Stock | CAD 0.04 0.01 12.50% |
The Double Exponential Smoothing forecasted value of Abacus Mining and 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 0.09. Abacus Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Abacus Mining stock prices and determine the direction of Abacus Mining and's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Abacus Mining's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Abacus Mining's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Abacus Mining's systematic risk associated with finding meaningful patterns of Abacus Mining fundamentals over time.
Check out Historical Fundamental Analysis of Abacus Mining to cross-verify your projections. Abacus |
Most investors in Abacus Mining 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 Abacus Mining's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Abacus Mining's price structures and extracts relationships that further increase the generated results' accuracy.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Abacus Mining works best with periods where there are trends or seasonality. Abacus Mining Double Exponential Smoothing Price Forecast For the 2nd of May
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Abacus Mining and on the next trading day is expected to be 0.04 with a mean absolute deviation of 0, mean absolute percentage error of 0.000011, and the sum of the absolute errors of 0.09.Please note that although there have been many attempts to predict Abacus 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 Abacus Mining's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Abacus Mining Stock Forecast Pattern
| Backtest Abacus Mining | Abacus Mining Price Prediction | Buy or Sell Advice |
Abacus Mining Forecasted Value
In the context of forecasting Abacus Mining'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. Abacus Mining's downside and upside margins for the forecasting period are 0.0004 and 12.46, respectively. We have considered Abacus Mining'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 Abacus Mining stock data series using in forecasting. Note that when a statistical model is used to represent Abacus Mining 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 | -3.0E-4 |
| MAD | Mean absolute deviation | 0.0015 |
| MAPE | Mean absolute percentage error | 0.0485 |
| SAE | Sum of the absolute errors | 0.086 |
Predictive Modules for Abacus Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Abacus Mining. 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 Abacus Mining'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 Abacus Mining
For every potential investor in Abacus, whether a beginner or expert, Abacus Mining's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Abacus Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Abacus. Basic forecasting techniques help filter out the noise by identifying Abacus Mining's price trends.Abacus Mining 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 Abacus Mining stock to make a market-neutral strategy. Peer analysis of Abacus Mining could also be used in its relative valuation, which is a method of valuing Abacus Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Abacus Mining 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 Abacus Mining'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 Abacus Mining's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Abacus Mining Market Strength Events
Market strength indicators help investors to evaluate how Abacus Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Abacus Mining shares will generate the highest return on investment. By undertsting and applying Abacus Mining stock market strength indicators, traders can identify Abacus Mining and entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.13 | |||
| Day Median Price | 0.045 | |||
| Day Typical Price | 0.045 | |||
| Price Action Indicator | 0.0025 | |||
| Period Momentum Indicator | 0.005 | |||
| Relative Strength Index | 62.25 |
Abacus Mining Risk Indicators
The analysis of Abacus Mining'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 Abacus Mining's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting abacus 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 | 4.98 | |||
| Standard Deviation | 12.03 | |||
| Variance | 144.73 |
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.
Pair Trading with Abacus Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Abacus Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Abacus Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Abacus Stock
| 0.65 | GOOG | Alphabet CDR | PairCorr |
Moving against Abacus Stock
| 0.78 | PFE | Pfizer Inc CDR | PairCorr |
| 0.66 | IBM | International Business | PairCorr |
The ability to find closely correlated positions to Abacus Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abacus Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Abacus Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Abacus Mining and to buy it.
The correlation of Abacus Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Abacus Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abacus Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Abacus Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Abacus Mining to cross-verify your projections. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Abacus Stock analysis
When running Abacus Mining's price analysis, check to measure Abacus Mining'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 Abacus Mining is operating at the current time. Most of Abacus Mining's value examination focuses on studying past and present price action to predict the probability of Abacus Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abacus Mining's price. Additionally, you may evaluate how the addition of Abacus Mining to your portfolios can decrease your overall portfolio volatility.
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