Nordic Iron Stock Forward View - Triple Exponential Smoothing

Nordic Iron Additional Predictive Modules

Most predictive techniques to examine Nordic price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Nordic using various technical indicators. When you analyze Nordic 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. Triple exponential smoothing for Nordic Iron - 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 Nordic Iron 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 Nordic Iron price movement. However, neither of these exponential smoothing models address any seasonality of Nordic Iron Ore.

Nordic Iron Triple Exponential Smoothing Price Forecast For the 5th of February

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Nordic Iron Ore on the next trading day is expected to be 0.36 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0005, and the sum of the absolute errors of 0.90.

Nordic Iron Stock Forecast Pattern

Backtest Nordic Iron

Nordic Iron Price Prediction

Research Analysis

Nordic Iron Forecasted Value

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 Nordic Iron stock data series using in forecasting. Note that when a statistical model is used to represent Nordic Iron 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. As with simple exponential smoothing, in triple exponential smoothing models past Nordic Iron 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 Nordic Iron Ore observations.

Predictive Modules for Nordic Iron

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nordic Iron Ore. 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 Low Estimated High 0.02 0.35 5.45 Details

Intrinsic Valuation Low Real High 0.02 0.34 5.44 Details

Bollinger Band Projection (param) Low Middle High 0.40 0.47 0.55 Details

Nordic Iron After-Hype Price Density Analysis

Nordic Iron Estimiated After-Hype Price Volatility

Nordic Iron Stock Price Outlook Analysis

Notes

Nordic Iron Hype Timeline

Nordic Iron Ore is now traded for 0.36on Frankfurt Exchange of Germany. The entity has historical hype elasticity of -0.01, and average elasticity to hype of competition of 0.03. Nordic is estimated to decline in value after the next headline, with the price expected to drop to 0.35. The average volatility of media hype impact on the company price is over 100%. The price reduction on the next news is expected to be -2.78%, whereas the daily expected return is now at -0.28%. The volatility of related hype on Nordic Iron is about 4319.33%, with the expected price after the next announcement by competition of 0.39. The company recorded a loss per share of 0.11. Nordic Iron Ore had not issued any dividends in recent years. Assuming the 90 days horizon the next estimated press release will be very soon. Check out Historical Fundamental Analysis of Nordic Iron to cross-verify your projections.

Nordic Iron Related Hype Analysis

Other Forecasting Options for Nordic Iron

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

Nordic Iron Related Equities

Risk & Return

Correlation

Nordic Iron Market Strength Events

Nordic Iron Risk Indicators

Story Coverage note for Nordic Iron

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Other Information on Investing in Nordic Stock