Metalnrg PLC Stock Forecast - Triple Exponential Smoothing

MNRG Stock   29.00  5.00  14.71%   
The Triple Exponential Smoothing forecasted value of Metalnrg PLC on the next trading day is expected to be 28.18 with a mean absolute deviation of 2.53 and the sum of the absolute errors of 149.15. Metalnrg Stock Forecast is based on your current time horizon.
  
At this time, Metalnrg PLC's Other Assets are comparatively stable compared to the past year. Net Tangible Assets is likely to gain to about 2.1 M in 2024, despite the fact that Total Stockholder Equity is likely to grow to (1.2 M).
Triple exponential smoothing for Metalnrg PLC - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Metalnrg PLC prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in Metalnrg PLC price movement. However, neither of these exponential smoothing models address any seasonality of Metalnrg PLC.

Metalnrg PLC Triple Exponential Smoothing Price Forecast For the 23rd of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Metalnrg PLC on the next trading day is expected to be 28.18 with a mean absolute deviation of 2.53, mean absolute percentage error of 11.15, and the sum of the absolute errors of 149.15.
Please note that although there have been many attempts to predict Metalnrg 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 Metalnrg PLC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Metalnrg PLC Stock Forecast Pattern

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Metalnrg PLC Forecasted Value

In the context of forecasting Metalnrg PLC'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. Metalnrg PLC's downside and upside margins for the forecasting period are 20.70 and 35.66, respectively. We have considered Metalnrg PLC'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.
Market Value
29.00
28.18
Expected Value
35.66
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Metalnrg PLC stock data series using in forecasting. Note that when a statistical model is used to represent Metalnrg PLC 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.
AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors -0.3308
MADMean absolute deviation2.5279
MAPEMean absolute percentage error0.0569
SAESum of the absolute errors149.1486
As with simple exponential smoothing, in triple exponential smoothing models past Metalnrg PLC observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Metalnrg PLC observations.

Predictive Modules for Metalnrg 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 Metalnrg PLC. 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.
Hype
Prediction
LowEstimatedHigh
20.9828.4635.94
Details
Intrinsic
Valuation
LowRealHigh
20.3627.8435.32
Details

Other Forecasting Options for Metalnrg PLC

For every potential investor in Metalnrg, whether a beginner or expert, Metalnrg PLC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Metalnrg Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Metalnrg. Basic forecasting techniques help filter out the noise by identifying Metalnrg PLC's price trends.

Metalnrg PLC 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 Metalnrg PLC stock to make a market-neutral strategy. Peer analysis of Metalnrg PLC could also be used in its relative valuation, which is a method of valuing Metalnrg PLC by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Metalnrg PLC 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 Metalnrg PLC'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 Metalnrg PLC's current price.

Metalnrg PLC Market Strength Events

Market strength indicators help investors to evaluate how Metalnrg PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Metalnrg PLC shares will generate the highest return on investment. By undertsting and applying Metalnrg PLC stock market strength indicators, traders can identify Metalnrg PLC entry and exit signals to maximize returns.

Metalnrg PLC Risk Indicators

The analysis of Metalnrg PLC'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 Metalnrg PLC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting metalnrg 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.
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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Metalnrg Stock Analysis

When running Metalnrg PLC's price analysis, check to measure Metalnrg PLC'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 Metalnrg PLC is operating at the current time. Most of Metalnrg PLC's value examination focuses on studying past and present price action to predict the probability of Metalnrg PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metalnrg PLC's price. Additionally, you may evaluate how the addition of Metalnrg PLC to your portfolios can decrease your overall portfolio volatility.