The Simple Exponential Smoothing forecasted value of DIAMCOR MINING INC on the next trading day is expected to be 0.0005 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. DIAMCOR Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of DIAMCOR MINING's historical fundamentals, such as revenue growth or operating cash flow patterns.
DIAMCOR
DIAMCOR MINING 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 DIAMCOR MINING INC are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as DIAMCOR MINING INC prices get older.
DIAMCOR MINING Simple Exponential Smoothing Price Forecast For the 28th of December
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of DIAMCOR MINING INC on the next trading day is expected to be 0.0005 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.
Please note that although there have been many attempts to predict DIAMCOR 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 DIAMCOR MINING's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
In the context of forecasting DIAMCOR MINING'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. DIAMCOR MINING's downside and upside margins for the forecasting period are 0.0005 and 0.0005, respectively. We have considered DIAMCOR MINING'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.
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 DIAMCOR MINING stock data series using in forecasting. Note that when a statistical model is used to represent DIAMCOR MINING 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
-9.223372036854776E14
Bias
Arithmetic mean of the errors
None
MAD
Mean absolute deviation
0.0
MAPE
Mean absolute percentage error
0.0
SAE
Sum of the absolute errors
0.0
This simple exponential smoothing model begins by setting DIAMCOR MINING INC forecast for the second period equal to the observation of the first period. In other words, recent DIAMCOR MINING observations are given relatively more weight in forecasting than the older observations.
Predictive Modules for DIAMCOR MINING
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DIAMCOR MINING INC. 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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as DIAMCOR MINING. Your research has to be compared to or analyzed against DIAMCOR MINING's peers to derive any actionable benefits. When done correctly, DIAMCOR MINING'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 DIAMCOR MINING INC.
Other Forecasting Options for DIAMCOR MINING
For every potential investor in DIAMCOR, whether a beginner or expert, DIAMCOR MINING's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. DIAMCOR Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in DIAMCOR. Basic forecasting techniques help filter out the noise by identifying DIAMCOR MINING's price trends.
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 DIAMCOR MINING stock to make a market-neutral strategy. Peer analysis of DIAMCOR MINING could also be used in its relative valuation, which is a method of valuing DIAMCOR MINING by comparing valuation metrics with similar companies.
DIAMCOR MINING INC 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 DIAMCOR MINING'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 DIAMCOR MINING's current price.
Market strength indicators help investors to evaluate how DIAMCOR MINING stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DIAMCOR MINING shares will generate the highest return on investment. By undertsting and applying DIAMCOR MINING stock market strength indicators, traders can identify DIAMCOR MINING INC entry and exit signals to maximize returns.
DIAMCOR MINING financial ratios help investors to determine whether DIAMCOR Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in DIAMCOR with respect to the benefits of owning DIAMCOR MINING security.