Perseus Mining Stock Forecast - Double Exponential Smoothing
| PRU Stock | CAD 6.25 0.18 2.97% |
Perseus Stock outlook is based on your current time horizon. Although Perseus Mining's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Perseus Mining's systematic risk associated with finding meaningful patterns of Perseus Mining fundamentals over time.
The relative strength momentum indicator of Perseus Mining's share price is above 70 as of today indicating that the stock is becoming overbought or overvalued. The idea behind Relative Strength Index (RSI) is that it helps to track how fast people are buying or selling Perseus, making its price go up or down. Momentum 72
Buy Stretched
Oversold | Overbought |
Quarterly Earnings Growth 0.081 | EPS Estimate Current Year 0.5267 | EPS Estimate Next Year 0.6 | Wall Street Target Price 5.1127 | Quarterly Revenue Growth 0.241 |
Using Perseus Mining hype-based prediction, you can estimate the value of Perseus Mining from the perspective of Perseus Mining response to recently generated media hype and the effects of current headlines on its competitors.
The Double Exponential Smoothing forecasted value of Perseus Mining on the next trading day is expected to be 6.30 with a mean absolute deviation of 0.1 and the sum of the absolute errors of 5.62. Perseus Mining after-hype prediction price | CAD 6.25 |
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.
Perseus |
Perseus Mining Additional Predictive Modules
Most predictive techniques to examine Perseus price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Perseus using various technical indicators. When you analyze Perseus 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 |
Perseus Mining Double Exponential Smoothing Price Forecast For the 29th of January
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Perseus Mining on the next trading day is expected to be 6.30 with a mean absolute deviation of 0.1, mean absolute percentage error of 0.01, and the sum of the absolute errors of 5.62.Please note that although there have been many attempts to predict Perseus 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 Perseus Mining's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Perseus Mining Stock Forecast Pattern
| Backtest Perseus Mining | Perseus Mining Price Prediction | Buy or Sell Advice |
Perseus Mining Forecasted Value
In the context of forecasting Perseus Mining'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. Perseus Mining's downside and upside margins for the forecasting period are 4.10 and 8.51, respectively. We have considered Perseus Mining'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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Perseus Mining stock data series using in forecasting. Note that when a statistical model is used to represent Perseus Mining 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 | -0.022 |
| MAD | Mean absolute deviation | 0.0952 |
| MAPE | Mean absolute percentage error | 0.0188 |
| SAE | Sum of the absolute errors | 5.619 |
Predictive Modules for Perseus Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Perseus Mining. 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.Perseus Mining After-Hype Price Density Analysis
As far as predicting the price of Perseus Mining 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 Perseus Mining 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 Perseus Mining, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Perseus Mining Estimiated After-Hype Price Volatility
In the context of predicting Perseus Mining's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Perseus Mining's historical news coverage. Perseus Mining's after-hype downside and upside margins for the prediction period are 4.04 and 8.46, respectively. We have considered Perseus Mining'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
Perseus Mining is somewhat reliable at this time. Analysis and calculation of next after-hype price of Perseus Mining is based on 3 months time horizon.
Perseus Mining Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Perseus Mining is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Perseus Mining 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 Perseus Mining, 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 |
0.59 | 2.21 | 0.02 | 0.03 | 9 Events / Month | 1 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
6.25 | 6.25 | 0.00 |
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Perseus Mining Hype Timeline
Perseus Mining is at this time traded for 6.25on Toronto Exchange of Canada. The entity has historical hype elasticity of -0.02, and average elasticity to hype of competition of -0.03. Perseus is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is at this time at 0.59%. %. The volatility of related hype on Perseus Mining is about 4323.91%, with the expected price after the next announcement by competition of 6.22. About 62.0% of the company shares are owned by institutional investors. The book value of Perseus Mining was at this time reported as 2.01. The company has Price/Earnings To Growth (PEG) ratio of 0.16. Perseus Mining last dividend was issued on the 9th of September 2025. The entity had 1243:1230 split on the 23rd of June 2016. Assuming the 90 days trading horizon the next anticipated press release will be in about 9 days. Check out Historical Fundamental Analysis of Perseus Mining to cross-verify your projections.Perseus Mining Related Hype Analysis
Having access to credible news sources related to Perseus Mining's direct competition is more important than ever and may enhance your ability to predict Perseus Mining's future price movements. Getting to know how Perseus Mining'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 Perseus Mining may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| DPM | Dundee Precious Metals | 0.00 | 0 per month | 0.82 | 0.43 | 4.44 | (2.04) | 8.93 | |
| TXG | Torex Gold Resources | 0.00 | 0 per month | 1.87 | 0.21 | 5.24 | (3.17) | 12.26 | |
| OGC | OceanaGold | 0.14 | 7 per month | 1.83 | 0.29 | 4.57 | (3.88) | 11.33 | |
| SSRM | SSR Mining | (0.76) | 9 per month | 2.91 | 0.07 | 4.63 | (5.03) | 12.93 | |
| ELD | Eldorado Gold Corp | 0.04 | 2 per month | 1.19 | 0.37 | 4.82 | (2.84) | 11.64 | |
| KNT | K92 Mining | 0.04 | 3 per month | 1.48 | 0.32 | 4.25 | (2.96) | 9.36 | |
| GMIN | G Mining Ventures | 0.04 | 1 per month | 2.84 | 0.28 | 6.60 | (4.24) | 15.99 | |
| NG | NovaGold Resources | 0.04 | 1 per month | 2.49 | 0.11 | 5.85 | (4.56) | 12.28 | |
| OLA | Orla Mining | 0.00 | 0 per month | 2.85 | 0.25 | 7.54 | (5.64) | 24.74 |
Other Forecasting Options for Perseus Mining
For every potential investor in Perseus, whether a beginner or expert, Perseus Mining's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Perseus Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Perseus. Basic forecasting techniques help filter out the noise by identifying Perseus Mining's price trends.Perseus Mining 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 Perseus Mining stock to make a market-neutral strategy. Peer analysis of Perseus Mining could also be used in its relative valuation, which is a method of valuing Perseus Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Perseus Mining Market Strength Events
Market strength indicators help investors to evaluate how Perseus Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Perseus Mining shares will generate the highest return on investment. By undertsting and applying Perseus Mining stock market strength indicators, traders can identify Perseus Mining entry and exit signals to maximize returns.
Perseus Mining Risk Indicators
The analysis of Perseus Mining'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 Perseus Mining's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting perseus 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 | 1.76 | |||
| Semi Deviation | 1.65 | |||
| Standard Deviation | 2.22 | |||
| Variance | 4.93 | |||
| Downside Variance | 4.48 | |||
| Semi Variance | 2.73 | |||
| Expected Short fall | (2.08) |
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 Perseus Mining
The number of cover stories for Perseus Mining depends on current market conditions and Perseus Mining's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Perseus Mining 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 Perseus Mining'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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Perseus Mining Short Properties
Perseus Mining's future price predictability will typically decrease when Perseus Mining's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Perseus Mining often depends not only on the future outlook of the potential Perseus Mining'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. Perseus Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.4 B | |
| Cash And Short Term Investments | 751.8 M |
Other Information on Investing in Perseus Stock
Perseus Mining financial ratios help investors to determine whether Perseus Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Perseus with respect to the benefits of owning Perseus Mining security.