CKX Lands Stock Forecast - Simple Exponential Smoothing

CKX Stock  USD 12.51  0.42  3.25%   
The Simple Exponential Smoothing forecasted value of CKX Lands on the next trading day is expected to be 12.56 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 9.46. CKX Stock Forecast is based on your current time horizon.
  
Inventory Turnover is likely to rise to -0.12 in 2024. Payables Turnover is likely to drop to 0.38 in 2024. Common Stock Shares Outstanding is likely to drop to about 1.6 M in 2024. Net Loss is likely to rise to about (1.1 M) in 2024.
CKX Lands 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 CKX Lands are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as CKX Lands prices get older.

CKX Lands Simple Exponential Smoothing Price Forecast For the 23rd of November

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of CKX Lands on the next trading day is expected to be 12.56 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.04, and the sum of the absolute errors of 9.46.
Please note that although there have been many attempts to predict CKX 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 CKX Lands' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

CKX Lands Stock Forecast Pattern

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CKX Lands Forecasted Value

In the context of forecasting CKX Lands' 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. CKX Lands' downside and upside margins for the forecasting period are 10.93 and 14.20, respectively. We have considered CKX Lands' 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.
Market Value
12.51
12.56
Expected Value
14.20
Upside

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 CKX Lands stock data series using in forecasting. Note that when a statistical model is used to represent CKX Lands 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.
AICAkaike Information Criteria113.0738
BiasArithmetic mean of the errors 0.0168
MADMean absolute deviation0.1576
MAPEMean absolute percentage error0.0118
SAESum of the absolute errors9.458
This simple exponential smoothing model begins by setting CKX Lands forecast for the second period equal to the observation of the first period. In other words, recent CKX Lands observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for CKX Lands

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CKX Lands. 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.
Hype
Prediction
LowEstimatedHigh
10.8612.4914.12
Details
Intrinsic
Valuation
LowRealHigh
9.1710.8013.76
Details
Bollinger
Band Projection (param)
LowMiddleHigh
12.3913.0113.63
Details

Other Forecasting Options for CKX Lands

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

CKX Lands 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 CKX Lands stock to make a market-neutral strategy. Peer analysis of CKX Lands could also be used in its relative valuation, which is a method of valuing CKX Lands by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

CKX Lands 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 CKX Lands' 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 CKX Lands' current price.

CKX Lands Market Strength Events

Market strength indicators help investors to evaluate how CKX Lands stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CKX Lands shares will generate the highest return on investment. By undertsting and applying CKX Lands stock market strength indicators, traders can identify CKX Lands entry and exit signals to maximize returns.

CKX Lands Risk Indicators

The analysis of CKX Lands' 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 CKX Lands' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ckx 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.
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.

Additional Tools for CKX Stock Analysis

When running CKX Lands' price analysis, check to measure CKX Lands' 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 CKX Lands is operating at the current time. Most of CKX Lands' value examination focuses on studying past and present price action to predict the probability of CKX Lands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CKX Lands' price. Additionally, you may evaluate how the addition of CKX Lands to your portfolios can decrease your overall portfolio volatility.