Gaxosai Stock Forward View - Triple Exponential Smoothing
| GXAI Stock | 1.34 -0.02 -1.47% |
This reference page presents Triple Exponential Smoothing forecast data for Gaxosai. The model output shown here is derived from Gaxosai's historical price series and is provided for informational purposes.
The Triple Exponential Smoothing forecasted value of Gaxosai on the next trading day is projected to be 1.35 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.44.As with simple exponential smoothing, in triple exponential smoothing models past Gaxosai 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 Gaxosai observations. This Triple Exponential Smoothing forecast data for Gaxosai is sourced from the most recent available trading data and is intended solely as reference information. Triple Exponential Smoothing Price Forecast For the 19th of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Gaxosai on the next trading day is expected to be 1.35 with a mean absolute deviation of 0.09 , mean absolute percentage error of 0.02 , and the sum of the absolute errors of 5.44 .Please note that although there have been many attempts to predict Gaxosai 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 Gaxosai's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Gaxosai | Gaxosai Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Gaxosai's predictive range by looking for statistically meaningful downside and upside boundaries. At the moment, the model places downside around 0.01 and upside around 13.70 for the forecasting period.
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 Gaxosai stock data series using in forecasting. Note that when a statistical model is used to represent Gaxosai 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 | -0.0071 |
| MAD | Mean absolute deviation | 0.0922 |
| MAPE | Mean absolute percentage error | 0.0658 |
| SAE | Sum of the absolute errors | 5.4401 |
Other Forecasting Options for Gaxosai
For every potential investor in Gaxosai, whether a beginner or expert, Gaxosai's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better.Gaxosai Related Equities
The following equities are related to Gaxosai within the Communication Services space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Gaxosai 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 |
Gaxosai Market Strength Events
Market strength indicators help investors to evaluate how Gaxosai stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gaxosai shares will generate the highest return on.
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 1.34 | |||
| Day Typical Price | 1.34 | |||
| Price Action Indicator | -0.01 | |||
| Period Momentum Indicator | -0.02 | |||
| Relative Strength Index | 50.81 |
Gaxosai Risk Indicators
The analysis of Gaxosai's 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 Gaxosai's investment and either accepting that risk or mitigating it.
| Mean Deviation | 7.4 | |||
| Semi Deviation | 6.34 | |||
| Standard Deviation | 11.92 | |||
| Variance | 142.09 | |||
| Downside Variance | 52.64 | |||
| Semi Variance | 40.17 | |||
| Expected Short fall | -12.95 |
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 Gaxosai
A coverage review of Gaxosai helps investors see when the security is attracting above-average attention from contributors and market observers. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
Contributor Headline
Latest Perspective From Macroaxis
Gaxosai Short Properties
A short-interest review of Gaxosai helps investors understand whether skepticism in the market is becoming more influential. This is most valuable when investors want to know whether bearish pressure is starting to shape the market's reaction function.
| Common Stock Shares Outstanding | 1.8 M | |
| Cash And Short Term Investments | 16.8 M |