NexGen Energy Stock Forward View - Triple Exponential Smoothing
| NXE Stock | USD 12.89 0.01 0.08% |
Triple Exponential Smoothing is applied to NexGen Energy's daily closing prices, and the resulting forecast is presented with accuracy metrics. Wide deviation between fitted and observed values suggests the model's assumptions may not match current market conditions. The Triple Exponential Smoothing model projects NexGen Energy at 12.90 for the next trading day, above the most recent closing price. This Triple Exponential Smoothing output is provided as analytical reference and does not constitute a trading recommendation.
Triple Exponential Smoothing Price Forecast For the 8th of May
Over a 90-day horizon, the Triple Exponential Smoothing model forecasts NexGen Energy at 12.90 for the next trading day, with a mean absolute deviation of 0.31 , mean absolute percentage error of 0.03 , and sum of absolute errors of 18.27 .This represents a tight forecast with good short-term tracking of NexGen Energy's price movement. This output is intended for short-term analytical reference.
Stock Forecast Pattern
| Backtest NexGen Energy | NexGen Energy Price Prediction | Research Analysis |
Forecasted Value
The projected range for NexGen Energy reflects the model's ability to define credible downside and upside scenarios for the next trading day. The model places downside around 9.81 and upside around 15.98 for the next session. The wide range indicates elevated uncertainty in short-term projections.
Model Predictive Factors
The table below summarizes the Triple Exponential Smoothing model's error metrics for NexGen Energy stock. Lower MAD and MAPE values indicate tighter forecast accuracy. AIC measures relative model quality — lower values indicate less information loss and a better-fitting model. A large Bias suggests systematic over- or under-prediction.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | 0.0348 |
| MAD | Mean absolute deviation | 0.3097 |
| MAPE | Mean absolute percentage error | 0.0255 |
| SAE | Sum of the absolute errors | 18.2727 |
Other Forecasting Options for NexGen Energy
NexGen Energy's daily price returns decompose into trend, seasonal, and residual components. Divergence between short-term and long-term averages in NexGen Energy often signals an upcoming reversal or acceleration.NexGen Energy Related Equities
These stocks within the Energy space are often compared to NexGen Energy by analysts and fund managers in the sector. Checking cash flow across this peer set helps gauge NexGen Energy's relative financial strength.
| Risk & Return | Correlation |
NexGen Energy Market Strength Events
Market strength indicators for NexGen Energy stock provide a framework for assessing security responsiveness. A rising Accumulation/Distribution line alongside rising price confirms institutional buying interest in NexGen Energy.
NexGen Energy Risk Indicators
Assessing NexGen Energy's risk indicators is a structured way to evaluate the risk-return trade-off for nexgen energy stock. The level of risk embedded in NexGen Energy's feeds directly into exposure calibration.
| Mean Deviation | 2.35 | |||
| Semi Deviation | 2.47 | |||
| Standard Deviation | 3.06 | |||
| Variance | 9.39 | |||
| Downside Variance | 8.03 | |||
| Semi Variance | 6.09 | |||
| Expected Short fall | -2.58 |
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.
NexGen Energy Short Properties
Short-interest data for NexGen Energy reveals whether bearish conviction in the market is gaining traction. When applied, these measures clarify when hedging or timing discipline may matter more than conviction alone.
| Common Stock Shares Outstanding | 588.4 million | |
| Cash And Short Term Investments | 1.12 billion |