Jaxon Mining Stock Forecast - Simple Exponential Smoothing
| JAX Stock | CAD 0.01 0.00 0.00% |
The Simple Exponential Smoothing forecasted value of Jaxon Mining on the next trading day is expected to be 0.01 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Jaxon Stock Forecast is based on your current time horizon.
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Jaxon Mining Simple Exponential Smoothing Price Forecast For the 12th of December 2024
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Jaxon Mining on the next trading day is expected to be 0.01 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 Jaxon 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 Jaxon Mining's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Jaxon Mining Stock Forecast Pattern
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Jaxon Mining Forecasted Value
In the context of forecasting Jaxon 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. Jaxon Mining's downside and upside margins for the forecasting period are 0.01 and 0.01, respectively. We have considered Jaxon 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.
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 Jaxon Mining stock data series using in forecasting. Note that when a statistical model is used to represent Jaxon 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 |
Predictive Modules for Jaxon 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 Jaxon Mining. 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.Other Forecasting Options for Jaxon Mining
For every potential investor in Jaxon, whether a beginner or expert, Jaxon Mining's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Jaxon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Jaxon. Basic forecasting techniques help filter out the noise by identifying Jaxon Mining's price trends.Jaxon Mining 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 Jaxon Mining stock to make a market-neutral strategy. Peer analysis of Jaxon Mining could also be used in its relative valuation, which is a method of valuing Jaxon Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Jaxon Mining 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 Jaxon 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 Jaxon Mining's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
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Jaxon Mining Market Strength Events
Market strength indicators help investors to evaluate how Jaxon 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 Jaxon Mining shares will generate the highest return on investment. By undertsting and applying Jaxon Mining stock market strength indicators, traders can identify Jaxon Mining entry and exit signals to maximize returns.
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Additional Tools for Jaxon Stock Analysis
When running Jaxon Mining's price analysis, check to measure Jaxon Mining's 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 Jaxon Mining is operating at the current time. Most of Jaxon Mining's value examination focuses on studying past and present price action to predict the probability of Jaxon Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jaxon Mining's price. Additionally, you may evaluate how the addition of Jaxon Mining to your portfolios can decrease your overall portfolio volatility.