Southern Cross Stock Forward View - Double Exponential Smoothing
| 6MM Stock | EUR 0.32 0.01 3.23% |
This reference page presents Double Exponential Smoothing forecast data for Southern Cross Media. The projected values and error metrics are presented below as reference information. The output values and deviation metrics are provided for informational reference.
The Double Exponential Smoothing forecasted value of Southern Cross Media on the next trading day is expected to be 0.32 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.61.When Southern Cross Media 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 Southern Cross Media trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Southern Cross observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing forecast data for Southern Cross Media is sourced from the most recent available trading data and is intended solely as reference information. Double Exponential Smoothing Price Forecast For the 26th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Southern Cross Media on the next trading day is expected to be 0.32 with a mean absolute deviation of 0.01 , mean absolute percentage error of 0.0002 , and the sum of the absolute errors of 0.61 .Please note that although there have been many attempts to predict Southern 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 Southern Cross' 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
Forecasting Southern Cross Media for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. At the moment, the model places downside around 0.0032 and upside around 3.58 for the forecasting period.
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 Southern Cross stock data series using in forecasting. Note that when a statistical model is used to represent Southern Cross 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 | 0.0018 |
| MAD | Mean absolute deviation | 0.0101 |
| MAPE | Mean absolute percentage error | 0.0278 |
| SAE | Sum of the absolute errors | 0.607 |
Other Forecasting Options for Southern Cross
Southern Cross' daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in Southern often signals an upcoming reversal or acceleration. Gap analysis of Southern Stock data examines overnight jumps between Southern Cross' closing and opening prices.Southern Cross Related Equities
Sizing up Southern Cross against these stocks within the Communication Services space shows how it compares on key financial measures. Market cap and total value checks frame Southern Cross' size within the competitive field. Persistent outperformance or underperformance by specific peers relative to Southern Cross often signals structural advantages or weaknesses. Tracking Southern Cross' results against these peers over time helps spot rising trends early.
| Risk & Return | Correlation |
Southern Cross Market Strength Events
Market strength indicators help investors evaluate how Southern Cross stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading Southern Cross Media. These indicators can identify periods when trading Southern Cross Media may offer more favorable risk-reward conditions.
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 0.32 | |||
| Day Typical Price | 0.32 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 |
Southern Cross Risk Indicators
The analysis of Southern Cross' basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding Southern Cross' allows investors to make informed decisions about their exposure. The analysis of Southern Cross' basic risk metrics provides a foundation for managing investment risk.
| Mean Deviation | 2.47 | |||
| Standard Deviation | 3.17 | |||
| Variance | 10.03 |
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 Southern Cross
A coverage review of Southern Cross Media shows when the security is attracting above-average attention from contributors and market observers. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
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Financial ratios for Southern Cross organize key financial data into structured relationships. This helps maintain uniform comparisons across financial reports.