NewGenIvf Group Stock Forward View - Double Exponential Smoothing
| NIVF Stock | 1.70 -0.03 -1.73% |
This reference view applies Double Exponential Smoothing to NewGenIvf Group Limited's historical closing prices. NewGenIvf Group Limited's Double Exponential Smoothing reference page summarizes the forecasted price and model accuracy metrics from daily trading data.
The Double Exponential Smoothing forecasted value of NewGenIvf Group Limited on the next trading day is expected to be 1.66 with a mean absolute deviation of 0.38 and the sum of the absolute errors of 22.16.When NewGenIvf Group Limited 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 NewGenIvf Group Limited 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 NewGenIvf Group observations are given relatively more weight in forecasting than the older observations. All forecast values on this page for NewGenIvf Group Limited are Double Exponential Smoothing reference data derived from historical price series. Double Exponential Smoothing Price Forecast For the 27th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of NewGenIvf Group Limited on the next trading day is expected to be 1.66 with a mean absolute deviation of 0.38 , mean absolute percentage error of 0.30 , and the sum of the absolute errors of 22.16 .Please note that although there have been many attempts to predict NewGenIvf 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 NewGenIvf Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest NewGenIvf Group | NewGenIvf Group Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for NewGenIvf Group Limited focuses on identifying predictive downside and upside bands that can frame a realistic trading range. At the moment, the model places downside around 0.02 and upside around 11.26 for the forecasting period.
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 NewGenIvf Group stock data series using in forecasting. Note that when a statistical model is used to represent NewGenIvf Group 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 | -0.0826 |
| MAD | Mean absolute deviation | 0.3756 |
| MAPE | Mean absolute percentage error | 0.0882 |
| SAE | Sum of the absolute errors | 22.1607 |
Other Forecasting Options for NewGenIvf Group
Volume-weighted price analysis for NewGenIvf Stock gives heavier weight to price levels where trading activity was highest. Crossovers in the MACD line and signal line can identify shifts in NewGenIvf momentum before they appear in raw price.NewGenIvf Group Related Equities
Checking NewGenIvf Group against related firms within the Health Care space helps investors see where the stock stands among peers. Checking cash flow across this peer set helps gauge NewGenIvf Group's relative financial strength. A stock that beats its peers on many metrics often deserves a closer look from value-focused investors. The data below allows side-by-side review across the most common financial metrics.
| Risk & Return | Correlation |
NewGenIvf Group Market Strength Events
Evaluating the market strength of NewGenIvf Group stock allows investors to gauge shifts in market momentum. Monitoring these indicators highlights periods where NewGenIvf Group Limited trading conditions shift meaningfully.
NewGenIvf Group Risk Indicators
Understanding NewGenIvf Group's risk indicators is essential for any investor seeking to forecast its future price accurately. By identifying how much risk is embedded in NewGenIvf Group's investment, investors can decide how to position their exposure.
| Mean Deviation | 6.8 | |||
| Standard Deviation | 9.29 | |||
| Variance | 86.38 |
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 NewGenIvf Group
Story coverage around NewGenIvf Group Limited often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
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NewGenIvf Group Short Properties
A short-interest review of NewGenIvf Group Limited provides context for understanding whether skepticism in the market is becoming more influential. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 588.2 K | |
| Cash And Short Term Investments | 457.7 K |