Pan American Stock Forecast - Triple Exponential Smoothing
| PAAS Stock | CAD 88.34 3.27 3.84% |
The Triple Exponential Smoothing forecasted value of Pan American Silver on the next trading day is expected to be 89.04 with a mean absolute deviation of 1.58 and the sum of the absolute errors of 93.40. Pan Stock Forecast is based on your current time horizon. Although Pan American's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Pan American's systematic risk associated with finding meaningful patterns of Pan American fundamentals over time.
As of today the relative strength momentum indicator of Pan American's share price is below 20 indicating that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Quarterly Earnings Growth 1.817 | EPS Estimate Next Quarter 0.7199 | EPS Estimate Current Year 2.1848 | EPS Estimate Next Year 3.3468 | Wall Street Target Price 73.4855 |
Using Pan American hype-based prediction, you can estimate the value of Pan American Silver from the perspective of Pan American response to recently generated media hype and the effects of current headlines on its competitors.
The Triple Exponential Smoothing forecasted value of Pan American Silver on the next trading day is expected to be 89.04 with a mean absolute deviation of 1.58 and the sum of the absolute errors of 93.40. Pan American after-hype prediction price | CAD 87.11 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Pan |
Pan American Additional Predictive Modules
Most predictive techniques to examine Pan price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Pan using various technical indicators. When you analyze Pan 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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Pan American Triple Exponential Smoothing Price Forecast For the 24th of January
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Pan American Silver on the next trading day is expected to be 89.04 with a mean absolute deviation of 1.58, mean absolute percentage error of 4.24, and the sum of the absolute errors of 93.40.Please note that although there have been many attempts to predict Pan 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 Pan American's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pan American Stock Forecast Pattern
| Backtest Pan American | Pan American Price Prediction | Buy or Sell Advice |
Pan American Forecasted Value
In the context of forecasting Pan American'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. Pan American's downside and upside margins for the forecasting period are 85.91 and 92.17, respectively. We have considered Pan American'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 Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Pan American stock data series using in forecasting. Note that when a statistical model is used to represent Pan American 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.3688 |
| MAD | Mean absolute deviation | 1.5831 |
| MAPE | Mean absolute percentage error | 0.0245 |
| SAE | Sum of the absolute errors | 93.4015 |
Predictive Modules for Pan American
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pan American Silver. 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.Pan American After-Hype Price Prediction Density Analysis
As far as predicting the price of Pan American at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Pan American or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Pan American, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Pan American Estimiated After-Hype Price Volatility
In the context of predicting Pan American's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Pan American's historical news coverage. Pan American's after-hype downside and upside margins for the prediction period are 83.97 and 90.25, respectively. We have considered Pan American's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Pan American is very steady at this time. Analysis and calculation of next after-hype price of Pan American Silver is based on 3 months time horizon.
Pan American Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Pan American is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Pan American backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Pan American, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
1.02 | 3.13 | 2.12 | 0.03 | 7 Events / Month | 2 Events / Month | In about 7 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
88.34 | 87.11 | 2.40 |
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Pan American Hype Timeline
Pan American Silver is at this time traded for 88.34on Toronto Exchange of Canada. The entity has historical hype elasticity of 2.12, and average elasticity to hype of competition of 0.03. Pan is estimated to increase in value after the next headline, with the price projected to jump to 87.11 or above. The average volatility of media hype impact on the company the price is about 150.48%. The price boost on the next news is estimated to be 2.4%, whereas the daily expected return is at this time at 1.02%. The volatility of related hype on Pan American is about 12520.0%, with the expected price after the next announcement by competition of 88.37. Pan American Silver has accumulated 803.3 M in total debt with debt to equity ratio (D/E) of 0.06, which may suggest the company is not taking enough advantage from borrowing. Assuming the 90 days trading horizon the next estimated press release will be in about 7 days. Check out Historical Fundamental Analysis of Pan American to cross-verify your projections.Pan American Related Hype Analysis
Having access to credible news sources related to Pan American's direct competition is more important than ever and may enhance your ability to predict Pan American's future price movements. Getting to know how Pan American's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Pan American may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| AGI | Alamos Gold | 0.91 | 10 per month | 2.73 | 0.07 | 4.79 | (3.76) | 11.97 | |
| IVN | Ivanhoe Mines | (0.47) | 10 per month | 2.81 | 0.01 | 5.98 | (4.63) | 14.03 | |
| LUN | Lundin Mining | 0.28 | 8 per month | 2.65 | 0.18 | 5.26 | (4.02) | 14.17 | |
| EDV | Endeavour Mining Corp | (0.88) | 4 per month | 2.63 | 0.11 | 4.78 | (4.20) | 12.37 | |
| LUG | Lundin Gold | 0.1 | 5 per month | 3.71 | 0.01 | 5.95 | (4.20) | 15.29 | |
| FVI | Fortuna Silver Mines | (0.48) | 7 per month | 2.34 | 0.10 | 4.66 | (3.27) | 13.71 | |
| SVM | Silvercorp Metals | (0.24) | 7 per month | 2.77 | 0.21 | 7.27 | (4.93) | 14.18 | |
| AG | First Majestic Silver | 0.78 | 10 per month | 3.37 | 0.17 | 8.63 | (6.66) | 16.66 | |
| CGG | China Gold International | 0.08 | 5 per month | 2.28 | 0.20 | 5.29 | (4.08) | 15.34 | |
| CS | Capstone Mining Corp | 0.17 | 6 per month | 2.87 | 0.08 | 5.83 | (5.97) | 15.37 |
Other Forecasting Options for Pan American
For every potential investor in Pan, whether a beginner or expert, Pan American's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Pan Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Pan. Basic forecasting techniques help filter out the noise by identifying Pan American's price trends.Pan American 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 Pan American stock to make a market-neutral strategy. Peer analysis of Pan American could also be used in its relative valuation, which is a method of valuing Pan American by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pan American Market Strength Events
Market strength indicators help investors to evaluate how Pan American stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pan American shares will generate the highest return on investment. By undertsting and applying Pan American stock market strength indicators, traders can identify Pan American Silver entry and exit signals to maximize returns.
| Accumulation Distribution | 68854.55 | |||
| Daily Balance Of Power | 0.8385 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 87.9 | |||
| Day Typical Price | 88.05 | |||
| Price Action Indicator | 2.08 | |||
| Period Momentum Indicator | 3.27 |
Pan American Risk Indicators
The analysis of Pan American'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 Pan American's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pan 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.
| Mean Deviation | 2.39 | |||
| Semi Deviation | 2.42 | |||
| Standard Deviation | 3.37 | |||
| Variance | 11.33 | |||
| Downside Variance | 8.45 | |||
| Semi Variance | 5.87 | |||
| Expected Short fall | (2.85) |
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.
Story Coverage note for Pan American
The number of cover stories for Pan American depends on current market conditions and Pan American's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Pan American is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Pan American's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Pan American Short Properties
Pan American's future price predictability will typically decrease when Pan American's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Pan American Silver often depends not only on the future outlook of the potential Pan American's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Pan American's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 363.4 M | |
| Cash And Short Term Investments | 887.3 M |
Check out Historical Fundamental Analysis of Pan American to cross-verify your projections. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.