MMEX Resources Pink Sheet Forward View - Double Exponential Smoothing
This page provides Double Exponential Smoothing reference data for MMEX Resources Corp, calculated from historical daily prices. The forecast output and associated deviation metrics are shown for informational use.
The Double Exponential Smoothing forecasted value of MMEX Resources Corp on the next trading day is expected to be 0.000068 with a mean absolute deviation of 0.000032 and the sum of the absolute errors of 0.0019.When MMEX Resources Corp prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any MMEX Resources Corp trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent MMEX Resources observations are given relatively more weight in forecasting than the older observations. MMEX Resources's Double Exponential Smoothing reference data is provided for informational and analytical purposes and does not constitute a trading recommendation. Double Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of MMEX Resources Corp on the next trading day is expected to be 0.000068 with a mean absolute deviation of 0.000032 , mean absolute percentage error of 0 , and the sum of the absolute errors of 0.0019 .Please note that although there have been many attempts to predict MMEX Pink Sheet 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 MMEX Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pink Sheet Forecast Pattern
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Forecasted Value
This next-day forecast for MMEX Resources Corp uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The current forecast range spans downside near 0.00 and upside near 34.28.
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 MMEX Resources pink sheet data series using in forecasting. Note that when a statistical model is used to represent MMEX Resources pink sheet, 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 | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0019 |
Other Forecasting Options for MMEX Resources
The price movement of MMEX is a central concern for all potential investors, regardless of their level of expertise. MMEX Pink Sheet price charts can be difficult to interpret due to the noise present in the data.MMEX Resources Related Equities
The following equities are related to MMEX Resources within the Energy space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing MMEX Resources 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 |
Story Coverage note for MMEX Resources
A coverage review of MMEX Resources Corp 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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MMEX Resources Short Properties
A short-interest review of MMEX Resources Corp provides context for understanding whether skepticism in the market is becoming more influential. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 12.8 M | |
| Cash And Short Term Investments | 136.9 K |
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Other Information on Investing in MMEX Pink Sheet
Financial ratios for MMEX Resources show relationships between important financial metrics. They frame financial performance across earnings, cash flow, and valuation.