CTT Systems Stock Forecast - Triple Exponential Smoothing
| CTT Stock | SEK 177.00 2.60 1.45% |
The Triple Exponential Smoothing forecasted value of CTT Systems AB on the next trading day is expected to be 175.93 with a mean absolute deviation of 2.36 and the sum of the absolute errors of 139.07. CTT Stock Forecast is based on your current time horizon.
At this time the value of rsi of CTT Systems' share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using CTT Systems hype-based prediction, you can estimate the value of CTT Systems AB from the perspective of CTT Systems response to recently generated media hype and the effects of current headlines on its competitors.
The Triple Exponential Smoothing forecasted value of CTT Systems AB on the next trading day is expected to be 175.93 with a mean absolute deviation of 2.36 and the sum of the absolute errors of 139.07. CTT Systems after-hype prediction price | SEK 177.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
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CTT Systems Additional Predictive Modules
Most predictive techniques to examine CTT price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for CTT using various technical indicators. When you analyze CTT charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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CTT Systems Triple Exponential Smoothing Price Forecast For the 26th of January
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of CTT Systems AB on the next trading day is expected to be 175.93 with a mean absolute deviation of 2.36, mean absolute percentage error of 10.42, and the sum of the absolute errors of 139.07.Please note that although there have been many attempts to predict CTT Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that CTT Systems' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CTT Systems Stock Forecast Pattern
| Backtest CTT Systems | CTT Systems Price Prediction | Buy or Sell Advice |
CTT Systems Forecasted Value
In the context of forecasting CTT Systems' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. CTT Systems' downside and upside margins for the forecasting period are 174.36 and 177.50, respectively. We have considered CTT Systems' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of CTT Systems stock data series using in forecasting. Note that when a statistical model is used to represent CTT Systems 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 | -0.335 |
| MAD | Mean absolute deviation | 2.3572 |
| MAPE | Mean absolute percentage error | 0.0124 |
| SAE | Sum of the absolute errors | 139.0722 |
Predictive Modules for CTT Systems
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CTT Systems AB. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.CTT Systems After-Hype Price Prediction Density Analysis
As far as predicting the price of CTT Systems at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in CTT Systems or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of CTT Systems, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
CTT Systems Estimiated After-Hype Price Volatility
In the context of predicting CTT Systems' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on CTT Systems' historical news coverage. CTT Systems' after-hype downside and upside margins for the prediction period are 175.42 and 178.58, respectively. We have considered CTT Systems' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
CTT Systems is very steady at this time. Analysis and calculation of next after-hype price of CTT Systems AB is based on 3 months time horizon.
CTT Systems Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as CTT Systems is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading CTT Systems backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with CTT Systems, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.10 | 1.57 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
177.00 | 177.00 | 0.00 |
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CTT Systems Hype Timeline
CTT Systems AB is currently traded for 177.00on Stockholm Exchange of Sweden. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. CTT is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is currently at -0.1%. %. The volatility of related hype on CTT Systems is about 0.0%, with the expected price after the next announcement by competition of 177.00. About 39.0% of the company shares are held by company insiders. The company last dividend was issued on the 5th of May 2022. CTT Systems AB had 1799:1714 split on the 26th of November 2007. Assuming the 90 days trading horizon the next anticipated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of CTT Systems to cross-verify your projections.CTT Systems Related Hype Analysis
Having access to credible news sources related to CTT Systems' direct competition is more important than ever and may enhance your ability to predict CTT Systems' future price movements. Getting to know how CTT Systems' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how CTT Systems may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| GOMX | GomSpace Group AB | 0.00 | 0 per month | 2.97 | 0.15 | 7.92 | (5.19) | 16.48 | |
| FMM-B | FM Mattsson Mora | 0.00 | 0 per month | 2.09 | 0.14 | 5.33 | (3.63) | 13.11 | |
| INT | Intellego Technologies AB | 0.00 | 0 per month | 0.00 | (0.08) | 7.50 | (5.79) | 69.28 | |
| ABSO | Absolent Group AB | 0.00 | 0 per month | 0.00 | (0.12) | 3.27 | (2.83) | 8.32 | |
| PCELL | Powercell Sweden | 0.00 | 0 per month | 0.00 | (0.19) | 6.21 | (7.95) | 16.38 | |
| ELAN-B | Elanders AB | 0.00 | 0 per month | 1.74 | 0.06 | 4.23 | (2.92) | 9.53 | |
| GREEN | Green Landscaping Group | 0.00 | 0 per month | 1.79 | 0.07 | 3.32 | (3.54) | 7.95 | |
| SVIK | Studsvik AB | 0.00 | 0 per month | 4.39 | 0.06 | 7.88 | (7.56) | 19.06 | |
| AJA-B | Byggmstare Anders J | 0.00 | 0 per month | 1.63 | (0.04) | 2.26 | (2.99) | 7.64 | |
| TEQ | Teqnion AB | 0.00 | 0 per month | 0.00 | (0.07) | 2.84 | (3.14) | 6.62 |
Other Forecasting Options for CTT Systems
For every potential investor in CTT, whether a beginner or expert, CTT Systems' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CTT Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CTT. Basic forecasting techniques help filter out the noise by identifying CTT Systems' price trends.CTT Systems Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CTT Systems stock to make a market-neutral strategy. Peer analysis of CTT Systems could also be used in its relative valuation, which is a method of valuing CTT Systems by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CTT Systems Market Strength Events
Market strength indicators help investors to evaluate how CTT Systems stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CTT Systems shares will generate the highest return on investment. By undertsting and applying CTT Systems stock market strength indicators, traders can identify CTT Systems AB entry and exit signals to maximize returns.
CTT Systems Risk Indicators
The analysis of CTT Systems' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in CTT Systems' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ctt stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.08 | |||
| Standard Deviation | 1.58 | |||
| Variance | 2.51 |
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 CTT Systems
The number of cover stories for CTT Systems depends on current market conditions and CTT Systems' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that CTT Systems is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about CTT Systems' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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CTT Systems Short Properties
CTT Systems' future price predictability will typically decrease when CTT Systems' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of CTT Systems AB often depends not only on the future outlook of the potential CTT Systems' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. CTT Systems' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12.5 M | |
| Cash And Short Term Investments | 49.3 M |
Additional Tools for CTT Stock Analysis
When running CTT Systems' price analysis, check to measure CTT Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CTT Systems is operating at the current time. Most of CTT Systems' value examination focuses on studying past and present price action to predict the probability of CTT Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CTT Systems' price. Additionally, you may evaluate how the addition of CTT Systems to your portfolios can decrease your overall portfolio volatility.