Trulieve Cannabis OTC Stock Forecast - Double Exponential Smoothing
TCNNF Stock | USD 10.70 0.33 2.99% |
The Double Exponential Smoothing forecasted value of Trulieve Cannabis Corp on the next trading day is expected to be 10.66 with a mean absolute deviation of 0.45 and the sum of the absolute errors of 26.49. Trulieve OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Trulieve Cannabis stock prices and determine the direction of Trulieve Cannabis Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Trulieve Cannabis' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Trulieve Cannabis to cross-verify your projections. Trulieve |
Most investors in Trulieve Cannabis 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 Trulieve Cannabis' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Trulieve Cannabis' 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 Trulieve Cannabis works best with periods where there are trends or seasonality. Trulieve Cannabis Double Exponential Smoothing Price Forecast For the 18th of April 2024
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Trulieve Cannabis Corp on the next trading day is expected to be 10.66 with a mean absolute deviation of 0.45, mean absolute percentage error of 0.33, and the sum of the absolute errors of 26.49.Please note that although there have been many attempts to predict Trulieve OTC 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 Trulieve Cannabis' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Trulieve Cannabis OTC Stock Forecast Pattern
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Trulieve Cannabis Forecasted Value
In the context of forecasting Trulieve Cannabis' OTC 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. Trulieve Cannabis' downside and upside margins for the forecasting period are 5.16 and 16.16, respectively. We have considered Trulieve Cannabis' 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 Trulieve Cannabis otc stock data series using in forecasting. Note that when a statistical model is used to represent Trulieve Cannabis otc 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 | -0.0971 |
MAD | Mean absolute deviation | 0.449 |
MAPE | Mean absolute percentage error | 0.0428 |
SAE | Sum of the absolute errors | 26.49 |
Predictive Modules for Trulieve Cannabis
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Trulieve Cannabis Corp. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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 Trulieve Cannabis' 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 Trulieve Cannabis
For every potential investor in Trulieve, whether a beginner or expert, Trulieve Cannabis' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Trulieve OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Trulieve. Basic forecasting techniques help filter out the noise by identifying Trulieve Cannabis' price trends.Trulieve Cannabis 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 Trulieve Cannabis otc stock to make a market-neutral strategy. Peer analysis of Trulieve Cannabis could also be used in its relative valuation, which is a method of valuing Trulieve Cannabis by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Trulieve Cannabis Corp Technical and Predictive Analytics
The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Trulieve Cannabis' 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 Trulieve Cannabis' current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Trulieve Cannabis Market Strength Events
Market strength indicators help investors to evaluate how Trulieve Cannabis otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Trulieve Cannabis shares will generate the highest return on investment. By undertsting and applying Trulieve Cannabis otc stock market strength indicators, traders can identify Trulieve Cannabis Corp entry and exit signals to maximize returns.
Trulieve Cannabis Risk Indicators
The analysis of Trulieve Cannabis' 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 Trulieve Cannabis' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting trulieve otc 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 | 4.62 | |||
Semi Deviation | 4.12 | |||
Standard Deviation | 5.7 | |||
Variance | 32.44 | |||
Downside Variance | 20.39 | |||
Semi Variance | 17.0 | |||
Expected Short fall | (5.89) |
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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Check out Historical Fundamental Analysis of Trulieve Cannabis to cross-verify your projections. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Trulieve OTC Stock analysis
When running Trulieve Cannabis' price analysis, check to measure Trulieve Cannabis' 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 Trulieve Cannabis is operating at the current time. Most of Trulieve Cannabis' value examination focuses on studying past and present price action to predict the probability of Trulieve Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trulieve Cannabis' price. Additionally, you may evaluate how the addition of Trulieve Cannabis to your portfolios can decrease your overall portfolio volatility.
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