Gyrodyne Company Stock Forward View - Simple Exponential Smoothing
| GYRO Stock | USD 8.51 0.00 0.00% |
The reference data on this page reflects Simple Exponential Smoothing output applied to Gyrodyne Company of's historical daily closing prices. Forecast values and accuracy statistics are presented for informational purposes.
The Simple Exponential Smoothing forecasted value of Gyrodyne Company of on the next trading day is expected to be 8.52 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.62.This simple exponential smoothing model begins by setting Gyrodyne Company of forecast for the second period equal to the observation of the first period. In other words, recent Gyrodyne Company observations are given relatively more weight in forecasting than the older observations. The forecast reference data presented here for Gyrodyne Company of reflects Simple Exponential Smoothing model output and is intended as reference material for analytical use. Simple Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Gyrodyne Company of on the next trading day is expected to be 8.52 with a mean absolute deviation of 0.08 , mean absolute percentage error of 0.02 , and the sum of the absolute errors of 4.62 .Please note that although there have been many attempts to predict Gyrodyne 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 Gyrodyne Company's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Gyrodyne Company | Gyrodyne Company Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Gyrodyne Company of focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The current forecast range spans downside near 7.02 and upside near 10.03.
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 Gyrodyne Company stock data series using in forecasting. Note that when a statistical model is used to represent Gyrodyne Company 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 | 112.1532 |
| Bias | Arithmetic mean of the errors | 0.0235 |
| MAD | Mean absolute deviation | 0.077 |
| MAPE | Mean absolute percentage error | 0.0087 |
| SAE | Sum of the absolute errors | 4.6229 |
Other Forecasting Options for Gyrodyne Company
Understanding Gyrodyne Company's price movement is a prerequisite for any investor considering Gyrodyne as a position. Gyrodyne Stock price charts are frequently cluttered with noise that can interfere with accurate interpretation.Gyrodyne Company Related Equities
The following equities are related to Gyrodyne Company within the Real Estate space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Gyrodyne Company 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 |
Gyrodyne Company Market Strength Events
For traders and investors in Gyrodyne Company of, market strength indicators offer a quantitative framework for evaluating the stock's responsiveness to market conditions. These tools help identify when trading Gyrodyne Company shares is most likely to generate favorable returns.
| Accumulation Distribution | 0.0599 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 8.25 | |||
| Day Typical Price | 8.34 | |||
| Market Facilitation Index | 0.51 | |||
| Price Action Indicator | 0.25 | |||
| Relative Strength Index | 34.82 |
Gyrodyne Company Risk Indicators
Analyzing Gyrodyne Company's risk indicators provides a critical input for price forecasting and investment risk management. By quantifying the risk in Gyrodyne Company's investment, investors can make more informed decisions about their exposure and hedging strategies.
| Mean Deviation | 0.8402 | |||
| Standard Deviation | 1.52 | |||
| Variance | 2.3 |
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 Gyrodyne Company
A coverage review of Gyrodyne Company of shows when the security is attracting above-average attention from contributors and market observers. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
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Latest Perspective From Macroaxis
Gyrodyne Company Short Properties
A short-interest review of Gyrodyne Company of provides context for understanding 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 | 2.2 M | |
| Cash And Short Term Investments | 3.5 M |