Kintara Therapeutics Stock Forecast - Double Exponential Smoothing
| KTRA Stock | USD 0.11 0.01 7.00% |
The Double Exponential Smoothing forecasted value of Kintara Therapeutics on the next trading day is expected to be 0.11 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.39. Kintara Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Kintara Therapeutics stock prices and determine the direction of Kintara Therapeutics's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Kintara Therapeutics' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Kintara Therapeutics' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Kintara Therapeutics' systematic risk associated with finding meaningful patterns of Kintara Therapeutics fundamentals over time.
Check out Historical Fundamental Analysis of Kintara Therapeutics to cross-verify your projections. Kintara |
Most investors in Kintara Therapeutics 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 Kintara Therapeutics' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Kintara Therapeutics' 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 Kintara Therapeutics works best with periods where there are trends or seasonality. Kintara Therapeutics Double Exponential Smoothing Price Forecast For the 19th of April
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Kintara Therapeutics on the next trading day is expected to be 0.11 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0001, and the sum of the absolute errors of 0.39.Please note that although there have been many attempts to predict Kintara 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 Kintara Therapeutics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Kintara Therapeutics Stock Forecast Pattern
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Kintara Therapeutics Forecasted Value
In the context of forecasting Kintara Therapeutics' 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. Kintara Therapeutics' downside and upside margins for the forecasting period are 0 and 11.50, respectively. We have considered Kintara Therapeutics' 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 Kintara Therapeutics stock data series using in forecasting. Note that when a statistical model is used to represent Kintara Therapeutics 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 | 4.0E-4 |
| MAD | Mean absolute deviation | 0.0067 |
| MAPE | Mean absolute percentage error | 0.0585 |
| SAE | Sum of the absolute errors | 0.3945 |
Predictive Modules for Kintara Therapeutics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kintara Therapeutics. 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 Kintara Therapeutics' 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 Kintara Therapeutics
For every potential investor in Kintara, whether a beginner or expert, Kintara Therapeutics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Kintara Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Kintara. Basic forecasting techniques help filter out the noise by identifying Kintara Therapeutics' price trends.Kintara Therapeutics 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 Kintara Therapeutics stock to make a market-neutral strategy. Peer analysis of Kintara Therapeutics could also be used in its relative valuation, which is a method of valuing Kintara Therapeutics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kintara Therapeutics 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 Kintara Therapeutics' 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 Kintara Therapeutics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Kintara Therapeutics Market Strength Events
Market strength indicators help investors to evaluate how Kintara Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kintara Therapeutics shares will generate the highest return on investment. By undertsting and applying Kintara Therapeutics stock market strength indicators, traders can identify Kintara Therapeutics entry and exit signals to maximize returns.
Kintara Therapeutics Risk Indicators
The analysis of Kintara Therapeutics' 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 Kintara Therapeutics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kintara 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 | 6.41 | |||
| Semi Deviation | 6.1 | |||
| Standard Deviation | 11.58 | |||
| Variance | 134.2 | |||
| Downside Variance | 57.05 | |||
| Semi Variance | 37.21 | |||
| Expected Short fall | (13.27) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Kintara Therapeutics to cross-verify your projections. For information on how to trade Kintara Stock refer to our How to Trade Kintara Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Kintara Stock analysis
When running Kintara Therapeutics' price analysis, check to measure Kintara Therapeutics' 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 Kintara Therapeutics is operating at the current time. Most of Kintara Therapeutics' value examination focuses on studying past and present price action to predict the probability of Kintara Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kintara Therapeutics' price. Additionally, you may evaluate how the addition of Kintara Therapeutics to your portfolios can decrease your overall portfolio volatility.
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Is Kintara Therapeutics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kintara Therapeutics. If investors know Kintara will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kintara Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.22) | Return On Assets (1.13) | Return On Equity (3.29) |
The market value of Kintara Therapeutics is measured differently than its book value, which is the value of Kintara that is recorded on the company's balance sheet. Investors also form their own opinion of Kintara Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Kintara Therapeutics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kintara Therapeutics' market value can be influenced by many factors that don't directly affect Kintara Therapeutics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kintara Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kintara Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kintara Therapeutics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.