Kenorland Minerals Stock Forecast - Triple Exponential Smoothing
| KLD Stock | CAD 1.86 0.04 2.20% |
The Triple Exponential Smoothing forecasted value of Kenorland Minerals on the next trading day is expected to be 1.85 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 3.00. Kenorland Stock Forecast is based on your current time horizon.
Kenorland |
Kenorland Minerals Triple Exponential Smoothing Price Forecast For the 18th of November 2025
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Kenorland Minerals on the next trading day is expected to be 1.85 with a mean absolute deviation of 0.05, mean absolute percentage error of 0, and the sum of the absolute errors of 3.00.Please note that although there have been many attempts to predict Kenorland Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Kenorland Minerals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Kenorland Minerals Stock Forecast Pattern
| Backtest Kenorland Minerals | Kenorland Minerals Price Prediction | Buy or Sell Advice |
Kenorland Minerals Forecasted Value
In the context of forecasting Kenorland Minerals' 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. Kenorland Minerals' downside and upside margins for the forecasting period are 0.02 and 5.02, respectively. We have considered Kenorland Minerals' 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 Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Kenorland Minerals stock data series using in forecasting. Note that when a statistical model is used to represent Kenorland Minerals 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 | -0.0104 |
| MAD | Mean absolute deviation | 0.0508 |
| MAPE | Mean absolute percentage error | 0.0253 |
| SAE | Sum of the absolute errors | 2.9976 |
Predictive Modules for Kenorland Minerals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kenorland Minerals. 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.Other Forecasting Options for Kenorland Minerals
For every potential investor in Kenorland, whether a beginner or expert, Kenorland Minerals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Kenorland Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Kenorland. Basic forecasting techniques help filter out the noise by identifying Kenorland Minerals' price trends.Kenorland Minerals 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 Kenorland Minerals stock to make a market-neutral strategy. Peer analysis of Kenorland Minerals could also be used in its relative valuation, which is a method of valuing Kenorland Minerals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kenorland Minerals Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Kenorland Minerals' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Kenorland Minerals' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Kenorland Minerals Market Strength Events
Market strength indicators help investors to evaluate how Kenorland Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kenorland Minerals shares will generate the highest return on investment. By undertsting and applying Kenorland Minerals stock market strength indicators, traders can identify Kenorland Minerals entry and exit signals to maximize returns.
Kenorland Minerals Risk Indicators
The analysis of Kenorland Minerals' 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 Kenorland Minerals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kenorland 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 | 2.25 | |||
| Standard Deviation | 3.11 | |||
| Variance | 9.68 |
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.
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Kenorland Stock Analysis
When running Kenorland Minerals' price analysis, check to measure Kenorland Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kenorland Minerals is operating at the current time. Most of Kenorland Minerals' value examination focuses on studying past and present price action to predict the probability of Kenorland Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kenorland Minerals' price. Additionally, you may evaluate how the addition of Kenorland Minerals to your portfolios can decrease your overall portfolio volatility.