Bluejay Mining Pink Sheet Forward View - Simple Exponential Smoothing
| BLLYF Stock | USD 0.02 -0.003 -15.00% |
This reference page presents Simple Exponential Smoothing forecast data for Bluejay Mining plc. The projected values and error metrics are presented below as reference information.
The Simple Exponential Smoothing forecasted value of Bluejay Mining plc on the next trading day is expected to be 0.02 with a mean absolute deviation of 0.0009 and the sum of the absolute errors of 0.05.This simple exponential smoothing model begins by setting Bluejay Mining plc forecast for the second period equal to the observation of the first period. In other words, recent Bluejay Mining observations are given relatively more weight in forecasting than the older observations. This Simple Exponential Smoothing forecast data for Bluejay Mining plc is sourced from the most recent available trading data and is intended solely as reference information. Simple Exponential Smoothing Price Forecast For the 23rd of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Bluejay Mining plc on the next trading day is expected to be 0.02 with a mean absolute deviation of 0.0009 , mean absolute percentage error of 0.00000137 , and the sum of the absolute errors of 0.05 .Please note that although there have been many attempts to predict Bluejay 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 Bluejay Mining'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
This next-day forecast for Bluejay Mining plc uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. No forecasting approach has been shown to beat all others over time. Investors should treat any model output as a guide, not a guarantee.
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 Bluejay Mining pink sheet data series using in forecasting. Note that when a statistical model is used to represent Bluejay Mining 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 | 102.7744 |
| Bias | Arithmetic mean of the errors | -2.0E-4 |
| MAD | Mean absolute deviation | 9.0E-4 |
| MAPE | Mean absolute percentage error | 0.0705 |
| SAE | Sum of the absolute errors | 0.0539 |
Other Forecasting Options for Bluejay Mining
Bluejay Mining's daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in Bluejay often signals an upcoming reversal or acceleration.Bluejay Mining Related Equities
These stocks are related to Bluejay Mining within the Other Industrial Metals & Mining space and can be used for peer review, pricing, or spreading risk. Peer review on balance sheet metrics shows how Bluejay Mining's capital structure stacks up against similar firms.
| Risk & Return | Correlation |
Bluejay Mining Market Strength Events
Market strength indicators help investors evaluate how Bluejay Mining pink sheet reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading Bluejay Mining plc.
Bluejay Mining Risk Indicators
The analysis of Bluejay Mining's basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding Bluejay Mining's allows investors to make informed decisions about their exposure.
| Mean Deviation | 7.02 | |||
| Semi Deviation | 7.82 | |||
| Standard Deviation | 10.69 | |||
| Variance | 114.34 | |||
| Downside Variance | 109.61 | |||
| Semi Variance | 61.21 | |||
| Expected Short fall | -7.79 |
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 Bluejay Mining
Story coverage around Bluejay Mining plc often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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Financial ratios for Bluejay Mining organize key financial data into structured relationships. This format maintains consistency across different reporting periods.