New Era Stock Forward View - Triple Exponential Smoothing
| NUAI Stock | 4.29 -0.16 -3.60% |
This reference page presents Triple Exponential Smoothing forecast data for New Era Energy. The projected values and error metrics are presented below as reference information.
The Triple Exponential Smoothing forecasted value of New Era Energy on the next trading day is projected to be 4.22 with a mean absolute deviation of 0.41 and the sum of the absolute errors of 24.09.As with simple exponential smoothing, in triple exponential smoothing models past New Era 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 New Era Energy observations. This Triple Exponential Smoothing forecast data for New Era Energy is sourced from the most recent available trading data and is intended solely as reference information. Triple Exponential Smoothing Price Forecast For the 27th of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of New Era Energy on the next trading day is expected to be 4.22 with a mean absolute deviation of 0.41 , mean absolute percentage error of 0.29 , and the sum of the absolute errors of 24.09 .Please note that although there have been many attempts to predict New 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 New Era's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest New Era | New Era Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for New Era Energy focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The current forecast range spans downside near 0.04 and upside near 15.56.
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 New Era stock data series using in forecasting. Note that when a statistical model is used to represent New Era 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 | -0.0336 |
| MAD | Mean absolute deviation | 0.4082 |
| MAPE | Mean absolute percentage error | 0.079 |
| SAE | Sum of the absolute errors | 24.0854 |
Other Forecasting Options for New Era
New Era's daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in New often signals an upcoming reversal or acceleration.New Era Related Equities
The stocks listed below are peers of New Era within the Energy space and offer context for ranking and strength. Revenue and margin checks across this group help investors set expectations for New Era's results. Persistent outperformance or underperformance by specific peers relative to New Era often signals structural advantages or weaknesses. These links can also guide portfolio spreading choices within the sector.
| Risk & Return | Correlation |
New Era Market Strength Events
Market strength indicators help investors evaluate how New Era stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading New Era Energy.
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 4.29 | |||
| Day Typical Price | 4.29 | |||
| Price Action Indicator | -0.08 | |||
| Period Momentum Indicator | -0.16 | |||
| Relative Strength Index | 51.28 |
New Era Risk Indicators
The analysis of New Era's basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding New Era's allows investors to make informed decisions about their exposure.
| Mean Deviation | 8.15 | |||
| Semi Deviation | 9.19 | |||
| Standard Deviation | 11.11 | |||
| Variance | 123.43 | |||
| Downside Variance | 104.01 | |||
| Semi Variance | 84.41 | |||
| Expected Short fall | -9.54 |
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 New Era
Story coverage around New Era Energy often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. A disciplined read of coverage separates durable relevance from temporary noise.
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.
Story Categories
Currently Trending Categories
New Era Short Properties
Reviewing short-oriented indicators for New Era Energy is useful because long and short participants often create very different signals for timing and volatility. The practical goal is to identify when the balance between long and short participation may be changing the quality of the setup.
| Common Stock Shares Outstanding | 28.4 M | |
| Cash And Short Term Investments | 1.2 M |