Gray Television Stock Forward View - Simple Exponential Smoothing
| GTNA Stock | USD 12.89 1.10 7.86% |
Gray Stock outlook is based on your current time horizon. Investors can use this forecasting interface to forecast Gray Television stock prices and determine the direction of Gray Television's future trends based on various well-known forecasting models. We suggest always using this module together with an analysis of Gray Television's historical fundamentals, such as revenue growth or operating cash flow patterns.
At this time, The relative strength index (RSI) of Gray Television's share price is at 55. This usually indicates that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Gray Television, making its price go up or down. Momentum 55
Impartial
Oversold | Overbought |
Using Gray Television hype-based prediction, you can estimate the value of Gray Television from the perspective of Gray Television response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Gray Television on the next trading day is expected to be 12.94 with a mean absolute deviation of 0.46 and the sum of the absolute errors of 27.83. Gray Television after-hype prediction price | USD 12.78 |
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.
Check out Historical Fundamental Analysis of Gray Television to cross-verify your projections. Gray Television Additional Predictive Modules
Most predictive techniques to examine Gray price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Gray using various technical indicators. When you analyze Gray 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 |
Gray Television Simple Exponential Smoothing Price Forecast For the 4th of February
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Gray Television on the next trading day is expected to be 12.94 with a mean absolute deviation of 0.46, mean absolute percentage error of 0.41, and the sum of the absolute errors of 27.83.Please note that although there have been many attempts to predict Gray Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Gray Television's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Gray Television Stock Forecast Pattern
| Backtest Gray Television | Gray Television Price Prediction | Research Analysis |
Gray Television Forecasted Value
In the context of forecasting Gray Television'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. Gray Television's downside and upside margins for the forecasting period are 5.50 and 20.38, respectively. We have considered Gray Television'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 Gray Television stock data series using in forecasting. Note that when a statistical model is used to represent Gray Television 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 | 115.3743 |
| Bias | Arithmetic mean of the errors | -0.0689 |
| MAD | Mean absolute deviation | 0.4638 |
| MAPE | Mean absolute percentage error | 0.0456 |
| SAE | Sum of the absolute errors | 27.827 |
Predictive Modules for Gray Television
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gray Television. 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.Gray Television After-Hype Price Density Analysis
As far as predicting the price of Gray Television 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 Gray Television 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 Gray Television, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Gray Television Estimiated After-Hype Price Volatility
In the context of predicting Gray Television's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Gray Television's historical news coverage. Gray Television's after-hype downside and upside margins for the prediction period are 5.34 and 20.22, respectively. We have considered Gray Television's 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 compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Gray Television is moderately volatile at this time. Analysis and calculation of next after-hype price of Gray Television is based on 3 months time horizon.
Gray Television Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Gray Television is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Gray Television 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 Gray Television, 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 |
0.96 | 7.44 | 0.11 | 0.09 | 8 Events / Month | 2 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
12.89 | 12.78 | 0.85 |
|
Gray Television Hype Timeline
Gray Television is currently traded for 12.89. The entity has historical hype elasticity of -0.11, and average elasticity to hype of competition of 0.09. Gray is estimated to decline in value after the next headline, with the price expected to drop to 12.78. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next news is expected to be -0.85%, whereas the daily expected return is currently at 0.96%. The volatility of related hype on Gray Television is about 7547.83%, with the expected price after the next announcement by competition of 12.98. The company had not issued any dividends in recent years. Given the investment horizon of 90 days the next estimated press release will be in about 8 days. Check out Historical Fundamental Analysis of Gray Television to cross-verify your projections.Gray Television Related Hype Analysis
Having access to credible news sources related to Gray Television's direct competition is more important than ever and may enhance your ability to predict Gray Television's future price movements. Getting to know how Gray Television's 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 Gray Television may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| HRTG | Heritage Insurance Hldgs | 0.13 | 10 per month | 2.85 | 0.07 | 4.24 | (4.89) | 19.93 | |
| ESINQ | ITT Educational Services | 0.00 | 1 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| ALFDF | Astral Foods Limited | 0.17 | 4 per month | 0.00 | 0.06 | 7.41 | 0.00 | 30.13 | |
| FHBC | Fernhill Beverage | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| UVE | Universal Insurance Holdings | 0.33 | 9 per month | 2.05 | (0.01) | 3.43 | (3.08) | 10.03 | |
| PINXF | The Peoples Insurance | 0.00 | 0 per month | 0.00 | (0.03) | 2.22 | (2.27) | 7.89 | |
| FIZZ | National Beverage Corp | 0.06 | 7 per month | 1.61 | (0) | 2.99 | (2.89) | 7.83 |
Other Forecasting Options for Gray Television
For every potential investor in Gray, whether a beginner or expert, Gray Television's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Gray Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Gray. Basic forecasting techniques help filter out the noise by identifying Gray Television's price trends.Gray Television 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 Gray Television stock to make a market-neutral strategy. Peer analysis of Gray Television could also be used in its relative valuation, which is a method of valuing Gray Television by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Gray Television Market Strength Events
Market strength indicators help investors to evaluate how Gray Television stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gray Television shares will generate the highest return on investment. By undertsting and applying Gray Television stock market strength indicators, traders can identify Gray Television entry and exit signals to maximize returns.
Gray Television Risk Indicators
The analysis of Gray Television'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 Gray Television's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gray 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 | 4.73 | |||
| Semi Deviation | 4.42 | |||
| Standard Deviation | 6.84 | |||
| Variance | 46.81 | |||
| Downside Variance | 22.72 | |||
| Semi Variance | 19.54 | |||
| Expected Short fall | (6.16) |
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 Gray Television
The number of cover stories for Gray Television depends on current market conditions and Gray Television's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Gray Television 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 Gray Television's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Contributor Headline
Latest Perspective From Macroaxis
Gray Television Short Properties
Gray Television's future price predictability will typically decrease when Gray Television's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Gray Television often depends not only on the future outlook of the potential Gray Television's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Gray Television's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 99.6 M | |
| Dividends Paid | 84 M | |
| Cash And Short Term Investments | 135 M |
Check out Historical Fundamental Analysis of Gray Television to cross-verify your projections. For information on how to trade Gray Stock refer to our How to Trade Gray Stock guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gray Television. Market participants price Gray higher when confident in its future expansion prospects. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Gray Television assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Understanding Gray Television requires distinguishing between market price and book value, where the latter reflects Gray's accounting equity. The concept of intrinsic value—what Gray Television's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push Gray Television's price substantially above or below its fundamental value.
Please note, there is a significant difference between Gray Television's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gray Television is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Gray Television's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.