2cureX AB Stock Forward View - Triple Exponential Smoothing
| 2CUREX Stock | 1.25 0.01 0.81% |
The Triple Exponential Smoothing reference information for 2cureX AB summarizes the forecasted value and model error statistics based on historical price data. This data is provided for reference and analytical review.
The Triple Exponential Smoothing forecasted value of 2cureX AB on the next trading day is expected to be 1.25 with a mean absolute deviation of 0.14 and the sum of the absolute errors of 8.16.As with simple exponential smoothing, in triple exponential smoothing models past 2cureX AB 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 2cureX AB observations. 2cureX AB's Triple Exponential Smoothing reference values are drawn from available trading data and are presented for informational reference only. Triple Exponential Smoothing Price Forecast For the 19th of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of 2cureX AB on the next trading day is expected to be 1.25 with a mean absolute deviation of 0.14 , mean absolute percentage error of 0.05 , and the sum of the absolute errors of 8.16 .Please note that although there have been many attempts to predict 2cureX Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that 2cureX AB's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
The next-day forecast for 2cureX AB focuses on identifying predictive downside and upside bands that can frame a realistic trading range. Investors should still remember that no empirical framework consistently proves that one family of forecasting models will outperform all other approaches in live markets.
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 2cureX AB stock data series using in forecasting. Note that when a statistical model is used to represent 2cureX AB 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 | -0.0083 |
| MAD | Mean absolute deviation | 0.136 |
| MAPE | Mean absolute percentage error | 0.0893 |
| SAE | Sum of the absolute errors | 8.16 |
Other Forecasting Options for 2cureX AB
Investors evaluating 2cureX at any level need to understand the significance of 2cureX AB's price movement for their investment outcomes. The presence of noise in 2cureX Stock price charts demands careful analysis to avoid misinterpreting short-term fluctuations as trends.2cureX AB Related Equities
The following equities are related to 2cureX AB and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing 2cureX AB against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
2cureX AB Market Strength Events
Market strength indicators applied to 2cureX AB help investors evaluate how the stock tracks overall market momentum and conditions. These signals are used to determine optimal timing for entering or exiting 2cureX AB positions.
2cureX AB Risk Indicators
The assessment of 2cureX AB's risk indicators plays a key role in forecasting its future price and managing investment exposure. Investors who measure 2cureX AB's risk profile carefully are better equipped to decide how to manage their positions.
| Mean Deviation | 10.02 | |||
| Semi Deviation | 9.26 | |||
| Standard Deviation | 21.33 | |||
| Variance | 454.99 | |||
| Downside Variance | 109.66 | |||
| Semi Variance | 85.8 | |||
| Expected Short fall | -14.13 |
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 2cureX AB
A coverage review of 2cureX AB helps investors see when the security is attracting above-average attention from contributors and market observers. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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2cureX AB Short Properties
A short-interest review of 2cureX AB helps investors understand whether skepticism in the market is becoming more influential. The practical goal is to identify when the balance between long and short participation may be changing the quality of the setup.
| Common Stock Shares Outstanding | 16.4 M | |
| Cash And Short Term Investments | 72.9 M |
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Other Information on Investing in 2cureX Stock
2cureX AB financial ratios provide valuation context across profits, cash flow, and enterprise value. They help compare 2cureX across measures in a consistent way.