Entree Resources Stock Forward View - Simple Exponential Smoothing
| ETG Stock | CAD 2.25 -0.18 -7.41% |
This page provides Simple Exponential Smoothing reference data for Entree Resources, calculated from historical daily prices. The forecast output and associated deviation metrics are shown for informational use.
The Simple Exponential Smoothing forecasted value of Entree Resources on the next trading day is expected to be 2.26 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 5.17.This simple exponential smoothing model begins by setting Entree Resources forecast for the second period equal to the observation of the first period. In other words, recent Entree Resources observations are given relatively more weight in forecasting than the older observations. Entree Resources's Simple Exponential Smoothing reference data is provided for informational and analytical purposes and does not constitute a trading recommendation. Simple Exponential Smoothing Price Forecast For the 20th of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Entree Resources on the next trading day is expected to be 2.26 with a mean absolute deviation of 0.08 , mean absolute percentage error of 0.02 , and the sum of the absolute errors of 5.17 .Please note that although there have been many attempts to predict Entree 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 Entree Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Entree Resources | Entree Resources Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Entree Resources uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The current forecast range spans downside near 0.02 and upside near 7.23.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Entree Resources stock data series using in forecasting. Note that when a statistical model is used to represent Entree Resources 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 | 114.0833 |
| Bias | Arithmetic mean of the errors | -0.0021 |
| MAD | Mean absolute deviation | 0.0847 |
| MAPE | Mean absolute percentage error | 0.0318 |
| SAE | Sum of the absolute errors | 5.165 |
Other Forecasting Options for Entree Resources
The price movement of Entree is a central concern for all potential investors, regardless of their level of expertise. Entree Stock price charts can be difficult to interpret due to the noise present in the data.Entree Resources Related Equities
The following equities are related to Entree Resources within the Materials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Entree Resources 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 |
Entree Resources Market Strength Events
Market strength indicators applied to Entree Resources stock help investors assess the relative momentum and resilience of the security in different market environments. By using these indicators, traders can make more informed decisions about when to buy or sell Entree Resources.
Entree Resources Risk Indicators
Risk indicator analysis for Entree Resources is essential for accurately projecting its future price trajectory. By identifying the level of risk embedded in Entree Resources' investment, investors can make informed decisions about position sizing and risk mitigation.
| Mean Deviation | 3.09 | |||
| Semi Deviation | 4.12 | |||
| Standard Deviation | 4.85 | |||
| Variance | 23.54 | |||
| Downside Variance | 20.43 | |||
| Semi Variance | 16.94 | |||
| Expected Short fall | -3.60 |
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 Entree Resources
Story coverage around Entree Resources often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
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Entree Resources Short Properties
A short-interest review of Entree Resources helps investors understand whether skepticism in the market is becoming more influential. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 207.4 M | |
| Cash And Short Term Investments | 4.3 M | |
| Shares Float | 168.9 M |
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Other Information on Investing in Entree Stock
Financial ratios for Entree Resources help frame valuation context across profits, cash flow, and enterprise value. They help compare Entree to other measures in a consistent way.