Eidesvik Offshore Stock Forward View - Triple Exponential Smoothing
| EIOF Stock | NOK 15.30 -0.25 -1.61% |
This reference view applies Triple Exponential Smoothing to Eidesvik Offshore ASA's historical closing prices. Eidesvik Offshore ASA's Triple Exponential Smoothing reference page summarizes the forecasted price and model accuracy metrics from daily trading data. Eidesvik Offshore ASA's forecast reference data is generated from the equity's historical trading prices. Mean absolute deviation and related metrics help quantify forecast uncertainty for Eidesvik Offshore ASA.
The Triple Exponential Smoothing forecasted value of Eidesvik Offshore ASA on the next trading day is expected to be 15.46 with a mean absolute deviation of 0.17 and the sum of the absolute errors of 10.39.As with simple exponential smoothing, in triple exponential smoothing models past Eidesvik Offshore 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 Eidesvik Offshore ASA observations. All forecast values on this page for Eidesvik Offshore ASA are Triple Exponential Smoothing reference data derived from historical price series. Triple Exponential Smoothing Price Forecast For the 25th of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Eidesvik Offshore ASA on the next trading day is expected to be 15.46 with a mean absolute deviation of 0.17 , mean absolute percentage error of 0.05 , and the sum of the absolute errors of 10.39 .Please note that although there have been many attempts to predict Eidesvik 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 Eidesvik Offshore's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Eidesvik Offshore | Eidesvik Offshore Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Eidesvik Offshore's predictive range by looking for statistically meaningful downside and upside boundaries. 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 Eidesvik Offshore stock data series using in forecasting. Note that when a statistical model is used to represent Eidesvik Offshore 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 | 0.0199 |
| MAD | Mean absolute deviation | 0.1732 |
| MAPE | Mean absolute percentage error | 0.0129 |
| SAE | Sum of the absolute errors | 10.3913 |
Other Forecasting Options for Eidesvik Offshore
Volume-weighted price analysis for Eidesvik Stock gives heavier weight to price levels where trading activity was highest. Crossovers in the MACD line and signal line can identify shifts in Eidesvik momentum before they appear in raw price. Comparing Eidesvik Offshore's realized volatility to implied volatility reveals whether the options market expects larger or smaller moves. Readings above 80 or below 20 highlight potential reversal zones in Eidesvik Stock price action.Eidesvik Offshore Related Equities
These firms work in a similar space as Eidesvik Offshore within the Energy space and serve as useful points for comparison. Market cap and total value checks frame Eidesvik Offshore's size within the competitive field.
| Risk & Return | Correlation |
Eidesvik Offshore Market Strength Events
Evaluating the market strength of Eidesvik Offshore stock allows investors to gauge shifts in market momentum. Monitoring these indicators highlights periods where Eidesvik Offshore ASA trading conditions shift meaningfully. These metrics are particularly useful when Eidesvik Offshore stock shows divergence from broader market trends. Regularly reviewing Eidesvik Offshore ASA strength signals helps maintain a structured approach to position management.
Eidesvik Offshore Risk Indicators
Understanding Eidesvik Offshore's risk indicators is essential for any investor seeking to forecast its future price accurately. By identifying how much risk is embedded in Eidesvik Offshore's investment, investors can decide how to position their exposure. Reviewing Eidesvik Offshore's basic risk indicators is essential for managing investment risk effectively. The risk-return trade-off for eidesvik stock becomes clearer when Eidesvik Offshore's risk indicators are properly assessed.
| Mean Deviation | 1.3 | |||
| Semi Deviation | 1.12 | |||
| Standard Deviation | 1.61 | |||
| Variance | 2.59 | |||
| Downside Variance | 2.12 | |||
| Semi Variance | 1.26 | |||
| Expected Short fall | -1.63 |
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 Eidesvik Offshore
A coverage review of Eidesvik Offshore ASA shows when the security is attracting above-average attention from contributors and market observers. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
Other Macroaxis Stories
Macroaxis story coverage is designed for a broad investing audience that ranges from self-directed traders to advisers, researchers, and institutional market participants. The content is intended to support people who want a more structured path from headline information to portfolio action.
Story Categories
Currently Trending Categories
Eidesvik Offshore Short Properties
Short sentiment tied to Eidesvik Offshore ASA matters because heavier bearish pressure can change how quickly future price expectations become unstable. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 303.1 M |
More Resources for Eidesvik Stock Analysis
Other Information on Investing in Eidesvik Stock
At Eidesvik Offshore, financial ratios outline links between core financial data. It keeps financial comparisons aligned across time frames.