Smith PLC Pink Sheet Forecast - Naive Prediction

Smith PLC Additional Predictive Modules

Most predictive techniques to examine Smith price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Smith using various technical indicators. When you analyze Smith 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. A naive forecasting model for Smith PLC is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Smith PLC value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Smith PLC Naive Prediction Price Forecast For the 27th of January

Given 90 days horizon, the Naive Prediction forecasted value of Smith PLC on the next trading day is expected to be 28.56 with a mean absolute deviation of 0.27, mean absolute percentage error of 0.30, and the sum of the absolute errors of 16.31.

Smith PLC Pink Sheet Forecast Pattern

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Smith PLC pink sheet data series using in forecasting. Note that when a statistical model is used to represent Smith PLC 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. This model is not at all useful as a medium-long range forecasting tool of Smith PLC. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Smith PLC. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Smith PLC

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Smith PLC. 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.

Hype Prediction Low Estimated High 30.00 30.00 30.00 Details

Intrinsic Valuation Low Real High 24.73 24.73 33.00 Details

Bollinger Band Projection (param) Low Middle High 26.77 28.38 29.99 Details

Smith PLC After-Hype Price Density Analysis

Smith PLC Estimiated After-Hype Price Volatility

Smith PLC Pink Sheet Price Outlook Analysis

Notes

Smith PLC Hype Timeline

Smith PLC is currently traded for 30.00. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Smith 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 0.0%. %. The volatility of related hype on Smith PLC is about 0.0%, with the expected price after the next announcement by competition of 30.00. The company has price-to-book (P/B) ratio of 1.07. Some equities with similar Price to Book (P/B) outperform the market in the long run. Smith PLC last dividend was issued on the 3rd of October 2019. Assuming the 90 days horizon the next expected press release will be in a few days. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Smith PLC Related Hype Analysis

Smith PLC Related Equities

Risk & Return

Correlation

Smith PLC Market Strength Events

Smith PLC Risk Indicators

Story Coverage note for Smith PLC

Other Macroaxis Stories

Smith PLC Short Properties

Other Consideration for investing in Smith Pink Sheet