Orient Overseas Pink Sheet Forward View - Double Exponential Smoothing
| OROVF Stock | USD 16.55 0.00 0.00% |
This reference page covers Double Exponential Smoothing forecast output for Orient Overseas Limited, including the projected price and deviation metrics. The model is fitted to available historical daily prices.
The Double Exponential Smoothing forecasted value of Orient Overseas Limited on the next trading day is expected to be 16.55 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.13.When Orient Overseas 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 Orient Overseas 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 Orient Overseas observations are given relatively more weight in forecasting than the older observations. All forecast values on this page for Orient Overseas Limited are Double Exponential Smoothing reference data derived from historical price series. Double Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Orient Overseas Limited on the next trading day is expected to be 16.55 with a mean absolute deviation of 0.02 , mean absolute percentage error of 0.01 , and the sum of the absolute errors of 1.13 .Please note that although there have been many attempts to predict Orient 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 Orient Overseas' 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
For the next trading day, Macroaxis evaluates Orient Overseas' predictive range by looking for statistically meaningful downside and upside boundaries. The projected forecast band currently runs from roughly 15.95 on the downside to about 17.15 on the upside.
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 Orient Overseas pink sheet data series using in forecasting. Note that when a statistical model is used to represent Orient Overseas 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 | 0.0192 |
| MAD | Mean absolute deviation | 0.0192 |
| MAPE | Mean absolute percentage error | 0.0011 |
| SAE | Sum of the absolute errors | 1.13 |
Other Forecasting Options for Orient Overseas
Price movement is the most critical factor for any investor assessing the potential of Orient as an investment. The noise inherent in Orient Pink Sheet price charts can obscure the underlying direction and make investment decisions more challenging.Orient Overseas Related Equities
The following equities are related to Orient Overseas and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Orient Overseas 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 |
Orient Overseas Market Strength Events
For investors in Orient Overseas Limited, market strength indicators provide essential context about how the pink sheet responds to prevailing market trends. These tools support more informed decisions about when to trade Orient Overseas for maximum effect.
Orient Overseas Risk Indicators
Identifying and analyzing Orient Overseas' risk indicators provides investors with important context for price forecasting and investment decision-making. By understanding how much risk is embedded in Orient Overseas' investment, investors can make better choices about position sizing,.
| Mean Deviation | 0.1907 | |||
| Standard Deviation | 0.579 | |||
| Variance | 0.3352 |
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 Orient Overseas
The amount of media and story coverage tied to Orient Overseas Limited can signal where market attention is concentrating at the moment. A disciplined read of coverage separates durable relevance from temporary noise.
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Other Information on Investing in Orient Pink Sheet
Financial ratios highlight how financial values interact within Orient Overseas. Together, they show how profit and cash flow relate to valuation.