Playstudios Stock Forward View - Triple Exponential Smoothing
| MYPS Stock | USD 0.48 0.01 2.13% |
Playstudios's Triple Exponential Smoothing reference page covers the model's projected value and error measures from recent price data. The forecast output and associated deviation metrics are shown for informational use.
The Triple Exponential Smoothing forecasted value of Playstudios on the next trading day is expected to be 0.47 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.17.As with simple exponential smoothing, in triple exponential smoothing models past Playstudios 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 Playstudios observations. All Triple Exponential Smoothing forecast figures shown for Playstudios are reference data reflecting model output based on available historical prices. Triple Exponential Smoothing Price Forecast For the 23rd of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Playstudios on the next trading day is expected to be 0.47 with a mean absolute deviation of 0.02 , mean absolute percentage error of 0.0006 , and the sum of the absolute errors of 1.17 .Please note that although there have been many attempts to predict Playstudios 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 Playstudios' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Playstudios | Playstudios Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Playstudios focuses on identifying predictive downside and upside bands that can frame a realistic trading range. At the moment, the model places downside around 0.0048 and upside around 4.41 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 Playstudios stock data series using in forecasting. Note that when a statistical model is used to represent Playstudios 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 | 0.003 |
| MAD | Mean absolute deviation | 0.0198 |
| MAPE | Mean absolute percentage error | 0.0356 |
| SAE | Sum of the absolute errors | 1.1671 |
Other Forecasting Options for Playstudios
Bollinger Bands applied to Playstudios Stock price data measure how far Playstudios has deviated from its recent average relative to its own volatility. This distinction drives the choice of forecasting model applied to Playstudios' price data.Playstudios Related Equities
These stocks within the Communication Services space are often compared to Playstudios by analysts and fund managers in the sector. Looking at Playstudios' pricing multiples next to these peers shows if the stock trades at a premium or discount. Falling behind peers on key ratios may signal headwinds or execution issues worth looking into.
| Risk & Return | Correlation |
Playstudios Market Strength Events
For investors tracking Playstudios, market strength indicators offer quantitative evaluation of stock behavior. By using these indicators, traders can make more informed decisions about when to buy or sell Playstudios.
Playstudios Risk Indicators
Analyzing Playstudios' basic risk indicators provides investors with a structured view of the risk-return trade-off for playstudios stock. By identifying the level of risk embedded in Playstudios' investment, investors can make informed decisions about position sizing.
| Mean Deviation | 2.96 | |||
| Standard Deviation | 3.93 | |||
| Variance | 15.48 |
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 Playstudios
Story coverage around Playstudios often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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Playstudios Short Properties
Reviewing short-oriented indicators for Playstudios is useful because long and short participants often create very different signals for timing and volatility. Used correctly, these measures can help investors decide when hedging or timing discipline may matter more than conviction alone.
| Common Stock Shares Outstanding | 125.7 M | |
| Cash And Short Term Investments | 104.9 M |
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