Labrador Iron Stock Forward View - Triple Exponential Smoothing
| LIF Stock | CAD 27.71 0.44 1.61% |
Labrador Iron's Triple Exponential Smoothing reference data is generated by applying the model to available daily closing prices. Accuracy metrics including mean absolute deviation are provided alongside the projection.
The Triple Exponential Smoothing forecasted value of Labrador Iron Ore on the next trading day is expected to be 27.56 with a mean absolute deviation of 0.38 and the sum of the absolute errors of 23.07.As with simple exponential smoothing, in triple exponential smoothing models past Labrador Iron 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 Labrador Iron Ore observations. Labrador Iron's Triple Exponential Smoothing reference data is provided for informational and analytical purposes and does not constitute a trading recommendation. Triple Exponential Smoothing Price Forecast For the 25th of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Labrador Iron Ore on the next trading day is expected to be 27.56 with a mean absolute deviation of 0.38 , mean absolute percentage error of 0.25 , and the sum of the absolute errors of 23.07 .Please note that although there have been many attempts to predict Labrador 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 Labrador Iron's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Labrador Iron | Labrador Iron Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Labrador Iron's predictive range by looking for statistically meaningful downside and upside boundaries. At the moment, the model places downside around 25.91 and upside around 29.21 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 Labrador Iron stock data series using in forecasting. Note that when a statistical model is used to represent Labrador Iron 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 | -0.1102 |
| MAD | Mean absolute deviation | 0.3845 |
| MAPE | Mean absolute percentage error | 0.0128 |
| SAE | Sum of the absolute errors | 23.07 |
Other Forecasting Options for Labrador Iron
Analyzing Labrador Iron's price movement through moving averages at different time horizons reveals whether short-term momentum aligns with the longer-term trend. Touches of the upper or lower band in Labrador Iron's chart can signal overbought or oversold conditions.Labrador Iron Related Equities
The stocks listed below are peers of Labrador Iron within the Materials space and offer context for ranking and strength. Revenue and margin checks across this group help investors set expectations for Labrador Iron's results.
| Risk & Return | Correlation |
Labrador Iron Market Strength Events
Market strength indicators for Labrador Iron stock provide a framework for assessing security responsiveness. These metrics are widely used to refine market timing and identify favorable moments to trade Labrador Iron.
Labrador Iron Risk Indicators
Assessing Labrador Iron's risk indicators is a critical component of any rigorous approach to forecasting its future price. Forecasting Labrador Iron's future price accurately requires understanding and quantifying the risks present in the investment.
| Mean Deviation | 1.14 | |||
| Standard Deviation | 1.59 | |||
| Variance | 2.54 |
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 Labrador Iron
The amount of media and story coverage tied to Labrador Iron Ore can signal where market attention is concentrating at the moment. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
Other Macroaxis Stories
Macroaxis story coverage is designed for a broad investing audience that ranges from self-directed traders to advisers, researchers, and institutional market participants. The content is intended to support people who want a more structured path from headline information to portfolio action.
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Labrador Iron Short Properties
Short sentiment tied to Labrador Iron Ore matters because heavier bearish pressure can change how quickly future price expectations become unstable. 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 | 64 M | |
| Cash And Short Term Investments | 14.6 M |
More Resources for Labrador Stock Analysis
Other Information on Investing in Labrador Stock
Key financial relationships within Labrador Iron are expressed through its ratios. The structure keeps comparisons consistent across reporting periods.