Epiroc AB Pink Sheet Forecast - Simple Exponential Smoothing
EPIAF Stock | USD 19.68 0.07 0.36% |
The Simple Exponential Smoothing forecasted value of Epiroc AB on the next trading day is expected to be 19.68 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.69. Epiroc Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Epiroc AB stock prices and determine the direction of Epiroc AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Epiroc AB's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Epiroc AB to cross-verify your projections. Epiroc |
Most investors in Epiroc AB 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 Epiroc AB's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Epiroc AB's price structures and extracts relationships that further increase the generated results' accuracy.
Epiroc AB 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 Epiroc AB are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Epiroc AB prices get older. Epiroc AB Simple Exponential Smoothing Price Forecast For the 20th of April
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Epiroc AB on the next trading day is expected to be 19.68 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.11, and the sum of the absolute errors of 15.69.Please note that although there have been many attempts to predict Epiroc 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 Epiroc AB's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Epiroc AB Pink Sheet Forecast Pattern
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Epiroc AB Forecasted Value
In the context of forecasting Epiroc AB'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. Epiroc AB's downside and upside margins for the forecasting period are 17.86 and 21.50, respectively. We have considered Epiroc AB'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 Epiroc AB pink sheet data series using in forecasting. Note that when a statistical model is used to represent Epiroc AB 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 | 114.0597 |
Bias | Arithmetic mean of the errors | -0.0288 |
MAD | Mean absolute deviation | 0.2615 |
MAPE | Mean absolute percentage error | 0.0138 |
SAE | Sum of the absolute errors | 15.69 |
Predictive Modules for Epiroc AB
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Epiroc AB. 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 Epiroc AB'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 Epiroc AB
For every potential investor in Epiroc, whether a beginner or expert, Epiroc AB's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Epiroc Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Epiroc. Basic forecasting techniques help filter out the noise by identifying Epiroc AB's price trends.Epiroc AB 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 Epiroc AB pink sheet to make a market-neutral strategy. Peer analysis of Epiroc AB could also be used in its relative valuation, which is a method of valuing Epiroc AB by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Epiroc AB 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 Epiroc AB'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 Epiroc AB's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Epiroc AB Market Strength Events
Market strength indicators help investors to evaluate how Epiroc AB 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 Epiroc AB shares will generate the highest return on investment. By undertsting and applying Epiroc AB pink sheet market strength indicators, traders can identify Epiroc AB entry and exit signals to maximize returns.
Epiroc AB Risk Indicators
The analysis of Epiroc AB'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 Epiroc AB's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting epiroc 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 | 1.4 | |||
Semi Deviation | 1.56 | |||
Standard Deviation | 1.79 | |||
Variance | 3.21 | |||
Downside Variance | 2.77 | |||
Semi Variance | 2.45 | |||
Expected Short fall | (1.55) |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Epiroc AB in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Epiroc AB's short interest history, or implied volatility extrapolated from Epiroc AB options trading.
Pair Trading with Epiroc AB
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 Epiroc AB 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 Epiroc AB will appreciate offsetting losses from the drop in the long position's value.Moving together with Epiroc Pink Sheet
0.82 | CAT | Caterpillar Earnings Call This Week | PairCorr |
0.82 | PCAR | PACCAR Inc Report 23rd of April 2024 | PairCorr |
0.85 | VLVLY | Volvo AB ADR | PairCorr |
0.83 | VOLVF | Volvo AB ser | PairCorr |
Moving against Epiroc Pink Sheet
0.79 | ZTLLF | Zonetail | PairCorr |
The ability to find closely correlated positions to Epiroc AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Epiroc AB 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 Epiroc AB - 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 Epiroc AB to buy it.
The correlation of Epiroc AB 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 Epiroc AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Epiroc AB 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 Epiroc AB 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 Epiroc AB to cross-verify your projections. Note that the Epiroc AB information on this page should be used as a complementary analysis to other Epiroc AB's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Epiroc Pink Sheet analysis
When running Epiroc AB's price analysis, check to measure Epiroc AB'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 Epiroc AB is operating at the current time. Most of Epiroc AB's value examination focuses on studying past and present price action to predict the probability of Epiroc AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Epiroc AB's price. Additionally, you may evaluate how the addition of Epiroc AB to your portfolios can decrease your overall portfolio volatility.
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