Purecycle Technologies Stock Forward View - Double Exponential Smoothing
| PCT Stock | USD 5.79 -0.31 -5.08% |
The Double Exponential Smoothing forecast reference data for Purecycle Technologies Holdings is based on the equity's recent trading history. This page summarizes the model output and key accuracy metrics for reference.
The Double Exponential Smoothing forecasted value of Purecycle Technologies Holdings on the next trading day is expected to be 5.71 with a mean absolute deviation of 0.36 and the sum of the absolute errors of 21.51.When Purecycle Technologies Holdings 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 Purecycle Technologies Holdings 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 Purecycle Technologies observations are given relatively more weight in forecasting than the older observations. All Double Exponential Smoothing forecast figures shown for Purecycle Technologies Holdings are reference data reflecting model output based on available historical prices. Double Exponential Smoothing Price Forecast For the 23rd of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Purecycle Technologies Holdings on the next trading day is expected to be 5.71 with a mean absolute deviation of 0.36 , mean absolute percentage error of 0.23 , and the sum of the absolute errors of 21.51 .Please note that although there have been many attempts to predict Purecycle 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 Purecycle Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Purecycle Technologies | Purecycle Technologies Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Purecycle Technologies Holdings focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The projected forecast band currently runs from roughly 0.43 on the downside to about 10.98 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 Purecycle Technologies stock data series using in forecasting. Note that when a statistical model is used to represent Purecycle Technologies 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 | 0.0649 |
| MAD | Mean absolute deviation | 0.3647 |
| MAPE | Mean absolute percentage error | 0.0428 |
| SAE | Sum of the absolute errors | 21.5144 |
Other Forecasting Options for Purecycle Technologies
Whether a novice or experienced investor, anyone considering Purecycle needs to understand the dynamics of Purecycle Technologies' price movement. Price charts for Purecycle Stock contain a significant amount of noise that can distort investment decisions.Purecycle Technologies Related Equities
The following equities are related to Purecycle Technologies within the Materials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Purecycle Technologies 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 |
Purecycle Technologies Market Strength Events
Analyzing market strength indicators for Purecycle Technologies enables investors to understand how the stock performs relative to overall market momentum. These indicators are valuable tools for identifying when to enter or exit positions in Purecycle Technologies Holdings.
Purecycle Technologies Risk Indicators
Identifying and analyzing Purecycle Technologies' key risk indicators is a foundational step in projecting how its price may evolve. This process quantifies the risk associated with Purecycle Technologies' and decide how to manage it.
| Mean Deviation | 3.93 | |||
| Standard Deviation | 5.73 | |||
| Variance | 32.88 |
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 Purecycle Technologies
Story coverage around Purecycle Technologies Holdings often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
Contributor Headline
Latest Perspective From Macroaxis
Purecycle Technologies Short Properties
A short-interest review of Purecycle Technologies Holdings 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 | 180.4 M | |
| Cash And Short Term Investments | 170.3 M |
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