Corbion NV Pink Sheet Forward View - Double Exponential Smoothing
| CSNVF Stock | USD 21.50 0.00 0.00% |
This reference page covers Double Exponential Smoothing forecast output for Corbion NV, including the projected price and deviation metrics. The model is fitted to available historical daily prices.
The Double Exponential Smoothing forecasted value of Corbion NV on the next trading day is expected to be 21.50 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00.When Corbion NV 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 Corbion NV 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 Corbion NV observations are given relatively more weight in forecasting than the older observations. All forecast values on this page for Corbion NV are Double Exponential Smoothing reference data derived from historical price series. Double Exponential Smoothing Price Forecast For the 19th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Corbion NV on the next trading day is expected to be 21.50 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict Corbion 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 Corbion NV's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pink Sheet Forecast Pattern
| Backtest Corbion NV | Corbion NV Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Corbion NV's predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 21.50 and upside near 21.50.
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 Corbion NV pink sheet data series using in forecasting. Note that when a statistical model is used to represent Corbion NV 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 | Huge |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Other Forecasting Options for Corbion NV
Price movement is the most critical factor for any investor assessing the potential of Corbion as an investment. The noise inherent in Corbion Pink Sheet price charts can obscure the underlying direction and make investment decisions more challenging.Corbion NV Related Equities
The following equities are related to Corbion NV within the Specialty Chemicals space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Corbion NV 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 |
Corbion NV Market Strength Events
For investors in Corbion NV, market strength indicators provide essential context about how the pink sheet responds to prevailing market trends. These tools support more informed decisions about when to trade Corbion NV for maximum effect.
Corbion NV Risk Indicators
Identifying and analyzing Corbion NV's risk indicators provides investors with important context for price forecasting and investment decision-making. By understanding how much risk is embedded in Corbion NV's investment, investors can make better choices about position sizing,.
| Mean Deviation | 0.1168 | |||
| Standard Deviation | 0.4819 | |||
| Variance | 0.2322 |
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 Corbion NV
A coverage review of Corbion NV helps investors see when the security is attracting above-average attention from contributors and market observers. A disciplined read of coverage helps investors separate durable relevance from temporary noise.
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Financial ratios for Corbion NV provide valuation context across profits, cash flow, and enterprise value. They help compare Corbion to other measures in a consistent way.