The Triple Exponential Smoothing forecasted value of Tungtex Company Limited on the next trading day is expected to be 0.03 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Tungtex Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Tungtex Company's historical fundamentals, such as revenue growth or operating cash flow patterns.
Tungtex
Triple exponential smoothing for Tungtex Company - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Tungtex Company prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in Tungtex Company price movement. However, neither of these exponential smoothing models address any seasonality of Tungtex Limited.
Tungtex Company Triple Exponential Smoothing Price Forecast For the 28th of December
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Tungtex Company Limited on the next trading day is expected to be 0.03 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 Tungtex 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 Tungtex Company's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
In the context of forecasting Tungtex Company's 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. Tungtex Company's downside and upside margins for the forecasting period are 0.03 and 0.03, respectively. We have considered Tungtex Company'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.
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 Tungtex Company pink sheet data series using in forecasting. Note that when a statistical model is used to represent Tungtex Company 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
Huge
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
As with simple exponential smoothing, in triple exponential smoothing models past Tungtex Company observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Tungtex Company Limited observations.
Predictive Modules for Tungtex Company
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tungtex Limited. 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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tungtex Company. Your research has to be compared to or analyzed against Tungtex Company's peers to derive any actionable benefits. When done correctly, Tungtex Company's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tungtex Limited.
Other Forecasting Options for Tungtex Company
For every potential investor in Tungtex, whether a beginner or expert, Tungtex Company's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tungtex Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tungtex. Basic forecasting techniques help filter out the noise by identifying Tungtex Company's price trends.
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 Tungtex Company pink sheet to make a market-neutral strategy. Peer analysis of Tungtex Company could also be used in its relative valuation, which is a method of valuing Tungtex Company by comparing valuation metrics with similar companies.
Tungtex Limited 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 Tungtex Company'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 Tungtex Company's current price.
Market strength indicators help investors to evaluate how Tungtex Company 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 Tungtex Company shares will generate the highest return on investment. By undertsting and applying Tungtex Company pink sheet market strength indicators, traders can identify Tungtex Company Limited entry and exit signals to maximize returns.
Other Information on Investing in Tungtex Pink Sheet
Tungtex Company financial ratios help investors to determine whether Tungtex 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 Tungtex with respect to the benefits of owning Tungtex Company security.