Danske Bank Pink Sheet Forecast - Simple Exponential Smoothing
| DNSKF Stock | USD 29.66 0.00 0.00% |
The Simple Exponential Smoothing forecasted value of Danske Bank AS on the next trading day is expected to be 29.66 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.50. Danske Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Danske Bank's historical fundamentals, such as revenue growth or operating cash flow patterns.
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Danske Bank Simple Exponential Smoothing Price Forecast For the 25th of November
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Danske Bank AS on the next trading day is expected to be 29.66 with a mean absolute deviation of 0.09, mean absolute percentage error of 0.17, and the sum of the absolute errors of 5.50.Please note that although there have been many attempts to predict Danske Pink Sheet 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 Danske Bank's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Danske Bank Pink Sheet Forecast Pattern
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Danske Bank Forecasted Value
In the context of forecasting Danske Bank's Pink Sheet 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. Danske Bank's downside and upside margins for the forecasting period are 28.42 and 30.90, respectively. We have considered Danske Bank'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.
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 Danske Bank pink sheet data series using in forecasting. Note that when a statistical model is used to represent Danske Bank 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.| AIC | Akaike Information Criteria | 114.4776 |
| Bias | Arithmetic mean of the errors | 0.053 |
| MAD | Mean absolute deviation | 0.0917 |
| MAPE | Mean absolute percentage error | 0.0031 |
| SAE | Sum of the absolute errors | 5.5 |
Predictive Modules for Danske Bank
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Danske Bank AS. 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.Other Forecasting Options for Danske Bank
For every potential investor in Danske, whether a beginner or expert, Danske Bank's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Danske Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Danske. Basic forecasting techniques help filter out the noise by identifying Danske Bank's price trends.View Danske Bank Related Equities
| Risk & Return | Correlation |
Danske Bank AS 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 Danske Bank'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 Danske Bank's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volume Indicators |
Danske Bank Market Strength Events
Market strength indicators help investors to evaluate how Danske Bank pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Danske Bank shares will generate the highest return on investment. By undertsting and applying Danske Bank pink sheet market strength indicators, traders can identify Danske Bank AS entry and exit signals to maximize returns.
Danske Bank Risk Indicators
The analysis of Danske Bank's 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 Danske Bank's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting danske pink sheet 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 | 0.3986 | |||
| Standard Deviation | 1.23 | |||
| Variance | 1.51 |
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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Other Information on Investing in Danske Pink Sheet
Danske Bank financial ratios help investors to determine whether Danske Pink Sheet 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 Danske with respect to the benefits of owning Danske Bank security.