Phinergy Stock Forecast - Simple Exponential Smoothing
| PNRG Stock | ILA 482.30 12.60 2.55% |
The Simple Exponential Smoothing forecasted value of Phinergy on the next trading day is expected to be 482.30 with a mean absolute deviation of 13.79 and the sum of the absolute errors of 827.20. Phinergy Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Phinergy stock prices and determine the direction of Phinergy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Phinergy's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Phinergy to cross-verify your projections. Phinergy |
Most investors in Phinergy 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 Phinergy's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Phinergy's price structures and extracts relationships that further increase the generated results' accuracy.
Phinergy 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 Phinergy are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Phinergy prices get older. Phinergy Simple Exponential Smoothing Price Forecast For the 24th of May
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Phinergy on the next trading day is expected to be 482.30 with a mean absolute deviation of 13.79, mean absolute percentage error of 411.52, and the sum of the absolute errors of 827.20.Please note that although there have been many attempts to predict Phinergy 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 Phinergy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Phinergy Stock Forecast Pattern
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Phinergy Forecasted Value
In the context of forecasting Phinergy'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. Phinergy's downside and upside margins for the forecasting period are 478.44 and 486.16, respectively. We have considered Phinergy'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 Phinergy stock data series using in forecasting. Note that when a statistical model is used to represent Phinergy 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 | 122.2925 |
| Bias | Arithmetic mean of the errors | 2.8067 |
| MAD | Mean absolute deviation | 13.7867 |
| MAPE | Mean absolute percentage error | 0.0273 |
| SAE | Sum of the absolute errors | 827.2 |
Predictive Modules for Phinergy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Phinergy. 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 Phinergy'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 Phinergy
For every potential investor in Phinergy, whether a beginner or expert, Phinergy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Phinergy Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Phinergy. Basic forecasting techniques help filter out the noise by identifying Phinergy's price trends.Phinergy 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 Phinergy stock to make a market-neutral strategy. Peer analysis of Phinergy could also be used in its relative valuation, which is a method of valuing Phinergy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Phinergy 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 Phinergy'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 Phinergy's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Phinergy Market Strength Events
Market strength indicators help investors to evaluate how Phinergy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Phinergy shares will generate the highest return on investment. By undertsting and applying Phinergy stock market strength indicators, traders can identify Phinergy entry and exit signals to maximize returns.
Phinergy Risk Indicators
The analysis of Phinergy'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 Phinergy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting phinergy 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 | 2.95 | |||
| Semi Deviation | 3.72 | |||
| Standard Deviation | 4.4 | |||
| Variance | 19.39 | |||
| Downside Variance | 15.11 | |||
| Semi Variance | 13.86 | |||
| Expected Short fall | (3.66) |
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.Check out Historical Fundamental Analysis of Phinergy to cross-verify your projections. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Phinergy Stock analysis
When running Phinergy's price analysis, check to measure Phinergy'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 Phinergy is operating at the current time. Most of Phinergy's value examination focuses on studying past and present price action to predict the probability of Phinergy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phinergy's price. Additionally, you may evaluate how the addition of Phinergy to your portfolios can decrease your overall portfolio volatility.
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