Tabcorp Holdings Pink Sheet Forecast - Simple Exponential Smoothing
| TABCF Stock | USD 0.60 0.00 0.00% |
The Simple Exponential Smoothing forecasted value of Tabcorp Holdings Limited on the next trading day is expected to be 0.60 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.14. Tabcorp Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Tabcorp Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns.
Tabcorp |
Tabcorp Holdings Simple Exponential Smoothing Price Forecast For the 30th of December
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Tabcorp Holdings Limited on the next trading day is expected to be 0.60 with a mean absolute deviation of 0, mean absolute percentage error of 0.0002, and the sum of the absolute errors of 0.14.Please note that although there have been many attempts to predict Tabcorp Pink Sheet 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 Tabcorp Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Tabcorp Holdings Pink Sheet Forecast Pattern
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Tabcorp Holdings Forecasted Value
In the context of forecasting Tabcorp Holdings' Pink Sheet 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. Tabcorp Holdings' downside and upside margins for the forecasting period are 0.01 and 2.43, respectively. We have considered Tabcorp Holdings' 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 Tabcorp Holdings pink sheet data series using in forecasting. Note that when a statistical model is used to represent Tabcorp Holdings pink sheet, 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 | 107.5529 |
| Bias | Arithmetic mean of the errors | 0.001 |
| MAD | Mean absolute deviation | 0.0023 |
| MAPE | Mean absolute percentage error | 0.0037 |
| SAE | Sum of the absolute errors | 0.14 |
Predictive Modules for Tabcorp Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tabcorp Holdings. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Tabcorp Holdings' 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 Tabcorp Holdings
For every potential investor in Tabcorp, whether a beginner or expert, Tabcorp Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tabcorp Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tabcorp. Basic forecasting techniques help filter out the noise by identifying Tabcorp Holdings' price trends.Tabcorp Holdings 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 Tabcorp Holdings pink sheet to make a market-neutral strategy. Peer analysis of Tabcorp Holdings could also be used in its relative valuation, which is a method of valuing Tabcorp Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Tabcorp Holdings Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Tabcorp Holdings' 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 Tabcorp Holdings' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Tabcorp Holdings Market Strength Events
Market strength indicators help investors to evaluate how Tabcorp Holdings pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tabcorp Holdings shares will generate the highest return on investment. By undertsting and applying Tabcorp Holdings pink sheet market strength indicators, traders can identify Tabcorp Holdings Limited entry and exit signals to maximize returns.
Tabcorp Holdings Risk Indicators
The analysis of Tabcorp Holdings' 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 Tabcorp Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tabcorp pink sheet 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 | 0.7161 | |||
| Standard Deviation | 2.85 | |||
| Variance | 8.1 |
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.
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Other Information on Investing in Tabcorp Pink Sheet
Tabcorp Holdings financial ratios help investors to determine whether Tabcorp Pink Sheet 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 Tabcorp with respect to the benefits of owning Tabcorp Holdings security.