Civeo Corp Stock Forward View - Triple Exponential Smoothing
| CVEO Stock | USD 27.16 -0.70 -2.51% |
Civeo Corp's Triple Exponential Smoothing reference data is generated by applying the model to available daily closing prices. Accuracy metrics including mean absolute deviation are provided alongside the projection.
The Triple Exponential Smoothing forecasted value of Civeo Corp on the next trading day is expected to be 27.08 with a mean absolute deviation of 0.33 and the sum of the absolute errors of 19.55.As with simple exponential smoothing, in triple exponential smoothing models past Civeo Corp observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Civeo Corp observations. Civeo Corp's Triple Exponential Smoothing reference data is provided for informational and analytical purposes and does not constitute a trading recommendation. Triple Exponential Smoothing Price Forecast For the 23rd of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Civeo Corp on the next trading day is expected to be 27.08 with a mean absolute deviation of 0.33 , mean absolute percentage error of 0.23 , and the sum of the absolute errors of 19.55 .Please note that although there have been many attempts to predict Civeo Stock 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 Civeo Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Civeo Corp | Civeo Corp Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Civeo Corp uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
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 Civeo Corp stock data series using in forecasting. Note that when a statistical model is used to represent Civeo Corp 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 | -0.002 |
| MAD | Mean absolute deviation | 0.3313 |
| MAPE | Mean absolute percentage error | 0.0123 |
| SAE | Sum of the absolute errors | 19.5459 |
Other Forecasting Options for Civeo Corp
Analyzing Civeo Corp's price movement through moving averages at different time horizons reveals whether short-term momentum aligns with the longer-term trend. Touches of the upper or lower band in Civeo Corp's chart can signal overbought or oversold conditions.Civeo Corp Related Equities
These stocks are related to Civeo Corp within the Industrials space and can be used for peer review, pricing, or spreading risk. Growth rate gaps between Civeo Corp and its peers often explain pricing differences in the market. Peer pricing works best when the firms compared share similar business models and end markets.
| Risk & Return | Correlation |
Civeo Corp Market Strength Events
Market strength indicators for Civeo Corp stock provide a framework for assessing security responsiveness. These metrics are widely used to refine market timing and identify favorable moments to trade Civeo Corp.
Civeo Corp Risk Indicators
Assessing Civeo Corp's risk indicators is a critical component of any rigorous approach to forecasting its future price. Forecasting Civeo Corp's future price accurately requires understanding and quantifying the risks present in the investment.
| Mean Deviation | 1.19 | |||
| Semi Deviation | 1.12 | |||
| Standard Deviation | 1.73 | |||
| Variance | 2.99 | |||
| Downside Variance | 2.16 | |||
| Semi Variance | 1.26 | |||
| Expected Short fall | -1.36 |
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 Civeo Corp
Coverage intensity for Civeo Corp matters because narrative visibility can influence sentiment, participation, and volatility around the name. A disciplined read of coverage separates durable relevance from temporary noise.
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Civeo Corp Short Properties
A short-interest review of Civeo Corp provides context for understanding whether skepticism in the market is becoming more influential. Used correctly, these measures can help investors decide when hedging or timing discipline may matter more than conviction alone.
| Common Stock Shares Outstanding | 12.6 M | |
| Cash And Short Term Investments | 14.4 M |