Prosper Gold Stock Forecast - Double Exponential Smoothing
| PGX Stock | CAD 0.10 0.01 9.09% |
The Double Exponential Smoothing forecasted value of Prosper Gold Corp on the next trading day is expected to be 0.10 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.26. Prosper Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Prosper Gold stock prices and determine the direction of Prosper Gold Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Prosper Gold's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Prosper Gold's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Prosper Gold's systematic risk associated with finding meaningful patterns of Prosper Gold fundamentals over time.
Check out Historical Fundamental Analysis of Prosper Gold to cross-verify your projections. Prosper |
Most investors in Prosper Gold 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 Prosper Gold's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Prosper Gold'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 Prosper Gold works best with periods where there are trends or seasonality. Prosper Gold Double Exponential Smoothing Price Forecast For the 12th of May 2024
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Prosper Gold Corp on the next trading day is expected to be 0.10 with a mean absolute deviation of 0, mean absolute percentage error of 0.000051, and the sum of the absolute errors of 0.26.Please note that although there have been many attempts to predict Prosper 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 Prosper Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Prosper Gold Stock Forecast Pattern
| Backtest Prosper Gold | Prosper Gold Price Prediction | Buy or Sell Advice |
Prosper Gold Forecasted Value
In the context of forecasting Prosper Gold'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. Prosper Gold's downside and upside margins for the forecasting period are 0 and 6.22, respectively. We have considered Prosper Gold'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 Prosper Gold stock data series using in forecasting. Note that when a statistical model is used to represent Prosper Gold 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 | 7.0E-4 |
| MAD | Mean absolute deviation | 0.0044 |
| MAPE | Mean absolute percentage error | 0.039 |
| SAE | Sum of the absolute errors | 0.26 |
Predictive Modules for Prosper Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prosper Gold Corp. 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 Prosper Gold'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 Prosper Gold
For every potential investor in Prosper, whether a beginner or expert, Prosper Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Prosper Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Prosper. Basic forecasting techniques help filter out the noise by identifying Prosper Gold's price trends.Prosper Gold 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 Prosper Gold stock to make a market-neutral strategy. Peer analysis of Prosper Gold could also be used in its relative valuation, which is a method of valuing Prosper Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Prosper Gold Corp 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 Prosper Gold'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 Prosper Gold's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Prosper Gold Market Strength Events
Market strength indicators help investors to evaluate how Prosper Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prosper Gold shares will generate the highest return on investment. By undertsting and applying Prosper Gold stock market strength indicators, traders can identify Prosper Gold Corp entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.91 | |||
| Day Median Price | 0.1 | |||
| Day Typical Price | 0.1 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) |
Prosper Gold Risk Indicators
The analysis of Prosper Gold'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 Prosper Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting prosper 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 | 4.24 | |||
| Standard Deviation | 6.33 | |||
| Variance | 40.04 |
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 Prosper Gold 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, Prosper Gold's short interest history, or implied volatility extrapolated from Prosper Gold options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Prosper Gold Corp using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Historical Fundamental Analysis of Prosper Gold to cross-verify your projections. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Prosper Stock analysis
When running Prosper Gold's price analysis, check to measure Prosper Gold'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 Prosper Gold is operating at the current time. Most of Prosper Gold's value examination focuses on studying past and present price action to predict the probability of Prosper Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prosper Gold's price. Additionally, you may evaluate how the addition of Prosper Gold to your portfolios can decrease your overall portfolio volatility.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |