Rio Tinto Pink Sheet Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Rio Tinto - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Rio Tinto prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in Rio Tinto price movement. However, neither of these exponential smoothing models address any seasonality of Rio Tinto Group.

Rio Tinto Triple Exponential Smoothing Price Forecast For the 20th of April

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Rio Tinto Group on the next trading day is expected to be 84.79 with a mean absolute deviation of 1.54, mean absolute percentage error of 5.56, and the sum of the absolute errors of 91.11.

Rio Tinto Pink Sheet Forecast Pattern

Backtest Rio Tinto

Rio Tinto Price Prediction

Buy or Sell Advice

Rio Tinto Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Rio Tinto pink sheet data series using in forecasting. Note that when a statistical model is used to represent Rio Tinto 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. As with simple exponential smoothing, in triple exponential smoothing models past Rio Tinto observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Rio Tinto Group observations.

Predictive Modules for Rio Tinto

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Rio Tinto Group. 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.

Hype Prediction Low Estimated High 80.22 82.75 85.28 Details

Intrinsic Valuation Low Real High 75.09 77.62 91.03 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Rio Tinto. Your research has to be compared to or analyzed against Rio Tinto's peers to derive any actionable benefits. When done correctly, Rio Tinto's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Rio Tinto Group.

Other Forecasting Options for Rio Tinto

For every potential investor in Rio, whether a beginner or expert, Rio Tinto's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Rio Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Rio. Basic forecasting techniques help filter out the noise by identifying Rio Tinto's price trends.

Rio Tinto Related Equities

Risk & Return

Correlation

Rio Tinto Group 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 Rio Tinto'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 Rio Tinto's current price.

Rio Tinto Market Strength Events

Rio Tinto Risk Indicators

Currently Active Assets on Macroaxis

Complementary Tools for Rio Pink Sheet analysis

Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

Buy or Sell Advice Details

Technical Analysis Details

Please note, there is a significant difference between Rio Tinto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rio Tinto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rio Tinto's 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.