NanoTech Entertainment Stock Forecast - Simple Exponential Smoothing
| NTEK Stock | USD 0.0001 0.00 0.00% |
The Simple Exponential Smoothing forecasted value of NanoTech Entertainment on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. NanoTech Stock Forecast is based on your current time horizon. Although NanoTech Entertainment's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of NanoTech Entertainment's systematic risk associated with finding meaningful patterns of NanoTech Entertainment fundamentals over time.
Payables Turnover is expected to rise to 10.32 this year, although the value of Inventory Turnover will most likely fall to 6.65. . The value of Net Loss is expected to slide to about (813.6 K). NanoTech Entertainment Simple Exponential Smoothing Price Forecast For the 29th of December
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of NanoTech Entertainment on the next trading day is expected to be 0.0001 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 NanoTech 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 NanoTech Entertainment's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
NanoTech Entertainment Stock Forecast Pattern
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NanoTech Entertainment Forecasted Value
In the context of forecasting NanoTech Entertainment'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. NanoTech Entertainment's downside and upside margins for the forecasting period are 0.0001 and 0.0001, respectively. We have considered NanoTech Entertainment'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 NanoTech Entertainment stock data series using in forecasting. Note that when a statistical model is used to represent NanoTech Entertainment 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 NanoTech Entertainment
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NanoTech Entertainment. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NanoTech Entertainment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for NanoTech Entertainment
For every potential investor in NanoTech, whether a beginner or expert, NanoTech Entertainment's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NanoTech Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NanoTech. Basic forecasting techniques help filter out the noise by identifying NanoTech Entertainment's price trends.NanoTech Entertainment 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 NanoTech Entertainment stock to make a market-neutral strategy. Peer analysis of NanoTech Entertainment could also be used in its relative valuation, which is a method of valuing NanoTech Entertainment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NanoTech Entertainment 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 NanoTech Entertainment'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 NanoTech Entertainment's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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NanoTech Entertainment Market Strength Events
Market strength indicators help investors to evaluate how NanoTech Entertainment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NanoTech Entertainment shares will generate the highest return on investment. By undertsting and applying NanoTech Entertainment stock market strength indicators, traders can identify NanoTech Entertainment entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.0E-4 | |||
| Day Typical Price | 1.0E-4 |
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Try AI Portfolio ProphetCheck out Historical Fundamental Analysis of NanoTech Entertainment to cross-verify your projections. For more information on how to buy NanoTech Stock please use our How to buy in NanoTech Stock guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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 NanoTech Entertainment. If investors know NanoTech will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NanoTech Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of NanoTech Entertainment is measured differently than its book value, which is the value of NanoTech that is recorded on the company's balance sheet. Investors also form their own opinion of NanoTech Entertainment's value that differs from its market value or its book value, called intrinsic value, which is NanoTech Entertainment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NanoTech Entertainment's market value can be influenced by many factors that don't directly affect NanoTech Entertainment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NanoTech Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if NanoTech Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NanoTech Entertainment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.