Coloplast Pink Sheet Forward View - 8 Period Moving Average
| CLPBY Stock | USD 6.59 -0.08 -1.20% |
Coloplast's 8 Period Moving Average reference data reflects the model's output when applied to available daily price observations. This page summarizes the model output and key accuracy metrics for reference. The projected value and error metrics are calculated from available daily price observations.
The 8 Period Moving Average forecasted value of Coloplast A on the next trading day is expected to be 6.82 with a mean absolute deviation of 0.23 and the sum of the absolute errors of 12.01.The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Coloplast A 8-period moving average forecast can only be used reliably to predict one or two periods into the future. The 8 Period Moving Average reference values for Coloplast are derived from publicly available price data and should be used for informational purposes only. 8 Period Moving Average Price Forecast For the 24th of March
Given 90 days horizon, the 8 Period Moving Average forecasted value of Coloplast A on the next trading day is expected to be 6.82 with a mean absolute deviation of 0.23 , mean absolute percentage error of 0.07 , and the sum of the absolute errors of 12.01 .Please note that although there have been many attempts to predict Coloplast 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 Coloplast'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
Forecasting Coloplast A 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 4.88 and upside around 8.76 for the forecasting period.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Coloplast pink sheet data series using in forecasting. Note that when a statistical model is used to represent Coloplast 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 | 100.8129 |
| Bias | Arithmetic mean of the errors | 0.1464 |
| MAD | Mean absolute deviation | 0.2267 |
| MAPE | Mean absolute percentage error | 0.0294 |
| SAE | Sum of the absolute errors | 12.015 |
Other Forecasting Options for Coloplast
Relative Strength Index values for Coloplast measure the speed and magnitude of recent price changes. Recognizing these clusters in Coloplast's returns helps calibrate position size and stop-loss levels. Candlestick pattern analysis of Coloplast Pink Sheet daily data can reveal short-term reversal or continuation signals.Coloplast Related Equities
These stocks within the Medical Instruments & Supplies space are often compared to Coloplast by analysts and fund managers in the sector. Checking cash flow across this peer set helps gauge Coloplast's relative financial strength. Sector-wide trends across this peer group can help split company-level factors from broader forces. Use these checks as a starting point for deeper study of Coloplast's strengths and weak spots.
| Risk & Return | Correlation |
Coloplast Market Strength Events
Market strength indicators provide a structured view of how Coloplast pink sheet is positioned relative to trends. These indicators are valuable tools for identifying when to enter or exit positions in Coloplast A. Investors tracking Coloplast can use these signals to validate or adjust their position timing.
Coloplast Risk Indicators
The analysis of Coloplast's risk metrics is one of the most important steps in projecting its future price. This process quantifies the risk associated with Coloplast's and helps determine how to manage it. A structured analysis of Coloplast's risk indicators is one of the most reliable ways to improve forecast accuracy.
| Mean Deviation | 1.45 | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.64 |
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 Coloplast
The amount of media and story coverage tied to Coloplast A can signal where market attention is concentrating at the moment. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
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Financial ratios for Coloplast show relationships between important financial metrics. The figures shown are derived from the most recent reporting inputs available.