Jamieson Wellness Stock Forward View - Double Exponential Smoothing
| JWEL Stock | CAD 38.14 0.36 0.95% |
Jamieson Stock outlook is based on your current time horizon. Although Jamieson Wellness' naive historical forecasting may sometimes provide an important future outlook for the firm, we suggest always cross-verifying it against solid analysis of Jamieson Wellness' systematic risk associated with finding meaningful patterns of Jamieson Wellness fundamentals over time.
As of today, the relative strength index (RSI) of Jamieson Wellness' share price is approaching 49. This indicates that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Jamieson Wellness, making its price go up or down. Momentum 49
Impartial
Oversold | Overbought |
Quarterly Earnings Growth 0.423 | EPS Estimate Next Quarter 0.9333 | EPS Estimate Current Year 1.86 | EPS Estimate Next Year 2.32 | Wall Street Target Price 43.0833 |
Using Jamieson Wellness hype-based prediction, you can estimate the value of Jamieson Wellness from the perspective of Jamieson Wellness response to recently generated media hype and the effects of current headlines on its competitors.
The Double Exponential Smoothing forecasted value of Jamieson Wellness on the next trading day is expected to be 38.34 with a mean absolute deviation of 0.34 and the sum of the absolute errors of 20.40. Jamieson Wellness after-hype prediction price | CAD 38.15 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Jamieson |
Jamieson Wellness Additional Predictive Modules
Most predictive techniques to examine Jamieson price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Jamieson using various technical indicators. When you analyze Jamieson charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Jamieson Wellness Double Exponential Smoothing Price Forecast For the 21st of February
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Jamieson Wellness on the next trading day is expected to be 38.34 with a mean absolute deviation of 0.34, mean absolute percentage error of 0.18, and the sum of the absolute errors of 20.40.Please note that although there have been many attempts to predict Jamieson 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 Jamieson Wellness' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Jamieson Wellness Stock Forecast Pattern
| Backtest Jamieson Wellness | Jamieson Wellness Price Prediction | Research Analysis |
Jamieson Wellness Forecasted Value
In the context of forecasting Jamieson Wellness' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Jamieson Wellness' downside and upside margins for the forecasting period are 37.23 and 39.46, respectively. We have considered Jamieson Wellness' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Jamieson Wellness stock data series using in forecasting. Note that when a statistical model is used to represent Jamieson Wellness 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 | -0.0755 |
| MAD | Mean absolute deviation | 0.3399 |
| MAPE | Mean absolute percentage error | 0.0097 |
| SAE | Sum of the absolute errors | 20.3957 |
Predictive Modules for Jamieson Wellness
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jamieson Wellness. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Jamieson Wellness After-Hype Price Density Analysis
As far as predicting the price of Jamieson Wellness at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Jamieson Wellness or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Jamieson Wellness, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Jamieson Wellness Estimiated After-Hype Price Volatility
In the context of predicting Jamieson Wellness' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Jamieson Wellness' historical news coverage. Jamieson Wellness' after-hype downside and upside margins for the prediction period are 37.02 and 39.28, respectively. We have considered Jamieson Wellness' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Jamieson Wellness is very steady at this time. Analysis and calculation of next after-hype price of Jamieson Wellness is based on 3 months time horizon.
Jamieson Wellness Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Jamieson Wellness is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Jamieson Wellness backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Jamieson Wellness, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.23 | 1.11 | 0.02 | 0.10 | 8 Events / Month | 2 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
38.14 | 38.15 | 0.03 |
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Jamieson Wellness Hype Timeline
Jamieson Wellness is currently traded for 38.14on Toronto Exchange of Canada. The entity has historical hype elasticity of 0.02, and average elasticity to hype of competition of -0.1. Jamieson is estimated to increase in value after the next headline, with the price projected to jump to 38.15 or above. The average volatility of media hype impact on the company the price is over 100%. The price boost on the next news is estimated to be 0.03%, whereas the daily expected return is currently at 0.23%. The volatility of related hype on Jamieson Wellness is about 259.65%, with the expected price after the next announcement by competition of 38.04. The company reported the revenue of 733.78 M. Net Income was 51.13 M with profit before overhead, payroll, taxes, and interest of 319.88 M. Assuming the 90 days trading horizon the next estimated press release will be in about 8 days. Check out Historical Fundamental Analysis of Jamieson Wellness to cross-verify your projections.Jamieson Wellness Related Hype Analysis
Having access to credible news sources related to Jamieson Wellness' direct competition is more important than ever and may enhance your ability to predict Jamieson Wellness' future price movements. Getting to know how Jamieson Wellness' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Jamieson Wellness may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| LAS-A | Lassonde Industries | (2.99) | 8 per month | 1.47 | (0.03) | 2.28 | (2.35) | 8.67 | |
| SOY | SunOpta | (0.02) | 6 per month | 2.16 | 0.14 | 5.68 | (3.33) | 32.00 | |
| DTOL | D2L Inc | 0.09 | 5 per month | 0.00 | (0.36) | 2.85 | (4.33) | 12.63 | |
| HLF | High Liner Foods | (0.02) | 7 per month | 0.39 | 0.24 | 1.90 | (1.01) | 5.06 | |
| RSI | Rogers Sugar | (0.01) | 9 per month | 1.15 | 0.02 | 1.44 | (1.33) | 7.28 | |
| NWC | North West | (0.56) | 2 per month | 1.08 | 0.15 | 2.43 | (1.74) | 7.13 | |
| BU | Burcon NutraScience | 0.09 | 6 per month | 3.29 | 0.04 | 8.82 | (6.36) | 19.68 | |
| BABY | Else Nutrition Holdings | 0.00 | 7 per month | 0.00 | (0.04) | 20.00 | (9.09) | 40.38 |
Other Forecasting Options for Jamieson Wellness
For every potential investor in Jamieson, whether a beginner or expert, Jamieson Wellness' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Jamieson Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Jamieson. Basic forecasting techniques help filter out the noise by identifying Jamieson Wellness' price trends.Jamieson Wellness Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Jamieson Wellness stock to make a market-neutral strategy. Peer analysis of Jamieson Wellness could also be used in its relative valuation, which is a method of valuing Jamieson Wellness by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Jamieson Wellness Market Strength Events
Market strength indicators help investors to evaluate how Jamieson Wellness stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Jamieson Wellness shares will generate the highest return on investment. By undertsting and applying Jamieson Wellness stock market strength indicators, traders can identify Jamieson Wellness entry and exit signals to maximize returns.
Jamieson Wellness Risk Indicators
The analysis of Jamieson Wellness' 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 Jamieson Wellness' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jamieson stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9185 | |||
| Semi Deviation | 0.7614 | |||
| Standard Deviation | 1.13 | |||
| Variance | 1.28 | |||
| Downside Variance | 0.7958 | |||
| Semi Variance | 0.5797 | |||
| Expected Short fall | (1.13) |
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 Jamieson Wellness
The number of cover stories for Jamieson Wellness depends on current market conditions and Jamieson Wellness' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Jamieson Wellness is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Jamieson Wellness' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Jamieson Wellness Short Properties
Jamieson Wellness' future price predictability will typically decrease when Jamieson Wellness' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Jamieson Wellness often depends not only on the future outlook of the potential Jamieson Wellness' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Jamieson Wellness' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 42.8 M | |
| Cash And Short Term Investments | 44.8 M |
Other Information on Investing in Jamieson Stock
Jamieson Wellness financial ratios help investors to determine whether Jamieson Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Jamieson with respect to the benefits of owning Jamieson Wellness security.