Builddirect Tehcnologies Stock Forecast - Double Exponential Smoothing
| BILD Stock | 3.05 0.01 0.33% |
The Double Exponential Smoothing forecasted value of Builddirect Tehcnologies on the next trading day is expected to be 3.07 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.30. Builddirect Stock Forecast is based on your current time horizon.
The value of RSI of Builddirect Tehcnologies' stock price is slightly above 65 suggesting that the stock is rather overbought by investors at this time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Builddirect, making its price go up or down. Momentum 65
Buy Extended
Oversold | Overbought |
Using Builddirect Tehcnologies hype-based prediction, you can estimate the value of Builddirect Tehcnologies from the perspective of Builddirect Tehcnologies response to recently generated media hype and the effects of current headlines on its competitors.
The Double Exponential Smoothing forecasted value of Builddirect Tehcnologies on the next trading day is expected to be 3.07 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.30. Builddirect Tehcnologies after-hype prediction price | CAD 3.05 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Builddirect |
Builddirect Tehcnologies Additional Predictive Modules
Most predictive techniques to examine Builddirect price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Builddirect using various technical indicators. When you analyze Builddirect charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Builddirect Tehcnologies Double Exponential Smoothing Price Forecast For the 23rd of January
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Builddirect Tehcnologies on the next trading day is expected to be 3.07 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.30.Please note that although there have been many attempts to predict Builddirect 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 Builddirect Tehcnologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Builddirect Tehcnologies Stock Forecast Pattern
| Backtest Builddirect Tehcnologies | Builddirect Tehcnologies Price Prediction | Buy or Sell Advice |
Builddirect Tehcnologies Forecasted Value
In the context of forecasting Builddirect Tehcnologies' 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. Builddirect Tehcnologies' downside and upside margins for the forecasting period are 0.03 and 7.55, respectively. We have considered Builddirect Tehcnologies' 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 Builddirect Tehcnologies stock data series using in forecasting. Note that when a statistical model is used to represent Builddirect Tehcnologies 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 | -0.0203 |
| MAD | Mean absolute deviation | 0.0729 |
| MAPE | Mean absolute percentage error | 0.029 |
| SAE | Sum of the absolute errors | 4.2986 |
Predictive Modules for Builddirect Tehcnologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Builddirect Tehcnologies. 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 Builddirect Tehcnologies' 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.
Builddirect Tehcnologies After-Hype Price Prediction Density Analysis
As far as predicting the price of Builddirect Tehcnologies at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Builddirect Tehcnologies or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Builddirect Tehcnologies, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Builddirect Tehcnologies Estimiated After-Hype Price Volatility
In the context of predicting Builddirect Tehcnologies' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Builddirect Tehcnologies' historical news coverage. Builddirect Tehcnologies' after-hype downside and upside margins for the prediction period are 0.15 and 7.53, respectively. We have considered Builddirect Tehcnologies' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Builddirect Tehcnologies is very risky at this time. Analysis and calculation of next after-hype price of Builddirect Tehcnologies is based on 3 months time horizon.
Builddirect Tehcnologies Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Builddirect Tehcnologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Builddirect Tehcnologies backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Builddirect Tehcnologies, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.66 | 4.48 | 0.00 | 0.01 | 0 Events / Month | 2 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
3.05 | 3.05 | 0.00 |
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Builddirect Tehcnologies Hype Timeline
Builddirect Tehcnologies is currently traded for 3.05on TSX Venture Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.01. Builddirect is expected not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is expected to be very small, whereas the daily expected return is currently at 0.66%. %. The volatility of related hype on Builddirect Tehcnologies is about 22400.0%, with the expected price after the next announcement by competition of 3.06. About 67.0% of the company shares are held by company insiders. The company recorded a loss per share of 0.03. Builddirect Tehcnologies had not issued any dividends in recent years. Assuming the 90 days trading horizon the next expected press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Builddirect Tehcnologies to cross-verify your projections.Builddirect Tehcnologies Related Hype Analysis
Having access to credible news sources related to Builddirect Tehcnologies' direct competition is more important than ever and may enhance your ability to predict Builddirect Tehcnologies' future price movements. Getting to know how Builddirect Tehcnologies' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Builddirect Tehcnologies may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ICE | Canlan Ice Sports | 0.11 | 4 per month | 2.29 | 0.02 | 5.28 | (4.47) | 17.47 | |
| NEXG | NeXGold Mining Corp | 0.00 | 6 per month | 2.05 | 0.16 | 4.71 | (3.55) | 10.00 | |
| VZLA | Vizsla Silver Corp | (0.03) | 9 per month | 3.82 | 0.10 | 7.68 | (6.60) | 27.38 | |
| CU-PJ | Canadian Utilities Limited | (0.02) | 6 per month | 0.72 | (0.07) | 1.83 | (1.46) | 4.02 | |
| ARIS | Aris Mining | (0.01) | 10 per month | 2.64 | 0.27 | 6.38 | (3.84) | 14.23 | |
| MMY | Monument Mining Limited | (0.06) | 3 per month | 3.29 | 0.06 | 4.76 | (5.56) | 18.66 | |
| AKT-A | AKITA Drilling | 0.03 | 6 per month | 0.00 | (0.07) | 4.40 | (4.79) | 11.90 | |
| PPL | Pembina Pipeline Corp | 0.14 | 8 per month | 1.29 | (0.02) | 1.47 | (1.55) | 6.75 |
Other Forecasting Options for Builddirect Tehcnologies
For every potential investor in Builddirect, whether a beginner or expert, Builddirect Tehcnologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Builddirect Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Builddirect. Basic forecasting techniques help filter out the noise by identifying Builddirect Tehcnologies' price trends.Builddirect Tehcnologies 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 Builddirect Tehcnologies stock to make a market-neutral strategy. Peer analysis of Builddirect Tehcnologies could also be used in its relative valuation, which is a method of valuing Builddirect Tehcnologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Builddirect Tehcnologies Market Strength Events
Market strength indicators help investors to evaluate how Builddirect Tehcnologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Builddirect Tehcnologies shares will generate the highest return on investment. By undertsting and applying Builddirect Tehcnologies stock market strength indicators, traders can identify Builddirect Tehcnologies entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 3.05 | |||
| Day Typical Price | 3.05 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 | |||
| Relative Strength Index | 65.68 |
Builddirect Tehcnologies Risk Indicators
The analysis of Builddirect Tehcnologies' 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 Builddirect Tehcnologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting builddirect 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 | 2.88 | |||
| Semi Deviation | 2.45 | |||
| Standard Deviation | 4.48 | |||
| Variance | 20.03 | |||
| Downside Variance | 13.0 | |||
| Semi Variance | 6.0 | |||
| Expected Short fall | (4.35) |
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.
Story Coverage note for Builddirect Tehcnologies
The number of cover stories for Builddirect Tehcnologies depends on current market conditions and Builddirect Tehcnologies' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Builddirect Tehcnologies is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Builddirect Tehcnologies' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Tools for Builddirect Stock Analysis
When running Builddirect Tehcnologies' price analysis, check to measure Builddirect Tehcnologies' 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 Builddirect Tehcnologies is operating at the current time. Most of Builddirect Tehcnologies' value examination focuses on studying past and present price action to predict the probability of Builddirect Tehcnologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Builddirect Tehcnologies' price. Additionally, you may evaluate how the addition of Builddirect Tehcnologies to your portfolios can decrease your overall portfolio volatility.