Perenti Global Pink Sheet Forward View - Simple Exponential Smoothing
| AUSDF Stock | USD 1.46 0.01 0.69% |
The Simple Exponential Smoothing forecast reference data for Perenti Global Limited is based on the equity's recent trading history. This page summarizes the model output and key accuracy metrics for reference.
The Simple Exponential Smoothing forecasted value of Perenti Global Limited on the next trading day is expected to be 1.46 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.27.This simple exponential smoothing model begins by setting Perenti Global Limited forecast for the second period equal to the observation of the first period. In other words, recent Perenti Global observations are given relatively more weight in forecasting than the older observations. All Simple Exponential Smoothing forecast figures shown for Perenti Global Limited are reference data reflecting model output based on available historical prices. Simple Exponential Smoothing Price Forecast For the 19th of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Perenti Global Limited on the next trading day is expected to be 1.46 with a mean absolute deviation of 0.02 , mean absolute percentage error of 0.0041 , and the sum of the absolute errors of 1.27 .Please note that although there have been many attempts to predict Perenti Pink Sheet 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 Perenti Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pink Sheet Forecast Pattern
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Forecasted Value
For the next trading day, Macroaxis evaluates Perenti Global's predictive range by looking for statistically meaningful downside and upside boundaries. At the moment, the model places downside around 0.01 and upside around 4.96 for the forecasting period.
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 Perenti Global pink sheet data series using in forecasting. Note that when a statistical model is used to represent Perenti Global 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 | 110.7802 |
| Bias | Arithmetic mean of the errors | 0.0073 |
| MAD | Mean absolute deviation | 0.0212 |
| MAPE | Mean absolute percentage error | 0.0126 |
| SAE | Sum of the absolute errors | 1.2718 |
Other Forecasting Options for Perenti Global
Whether a novice or experienced investor, anyone considering Perenti needs to understand the dynamics of Perenti Global's price movement. Price charts for Perenti Pink Sheet contain a significant amount of noise that can distort investment decisions.Perenti Global Related Equities
The following equities are related to Perenti Global within the Other Industrial Metals & Mining space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Perenti Global 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 |
Perenti Global Market Strength Events
Analyzing market strength indicators for Perenti Global enables investors to understand how the pink sheet performs relative to overall market momentum. These indicators are valuable tools for identifying when to enter or exit positions in Perenti Global Limited.
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 1.46 | |||
| Day Typical Price | 1.46 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 | |||
| Relative Strength Index | 27.45 |
Perenti Global Risk Indicators
Identifying and analyzing Perenti Global's key risk indicators is a foundational step in projecting how its price may evolve. This process helps investors quantify the risk associated with Perenti Global's and decide how to manage it.
| Mean Deviation | 1.25 | |||
| Standard Deviation | 3.36 | |||
| Variance | 11.3 |
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 Perenti Global
Story coverage around Perenti Global Limited often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
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Other Information on Investing in Perenti Pink Sheet
Financial ratios for Perenti Global help frame valuation context across profits, cash flow, and enterprise value. They help compare Perenti to other measures in a consistent way.