Prosus Pink Sheet Forward View - Double Exponential Smoothing
| PROSF Pink Sheet | USD 46.48 1.63 3.63% |
The Double Exponential Smoothing forecast shown here for Prosus is reference data produced from its historical price series. The projected value and error measures below serve as reference information.
The Double Exponential Smoothing forecasted value of Prosus on the next trading day is expected to be 46.48 with a mean absolute deviation of 0.62 and the sum of the absolute errors of 36.83.When Prosus 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 Prosus 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 Prosus observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing reference page for Prosus presents model-generated projections from historical price data for informational purposes. Double Exponential Smoothing Price Forecast For the 28th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Prosus on the next trading day is expected to be 46.48 with a mean absolute deviation of 0.62 , mean absolute percentage error of 2.64 , and the sum of the absolute errors of 36.83 .Please note that although there have been many attempts to predict Prosus 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 Prosus' 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 Prosus' predictive range by looking for statistically meaningful downside and upside boundaries. The projected forecast band currently runs from roughly 43.62 on the downside to about 49.34 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 Prosus pink sheet data series using in forecasting. Note that when a statistical model is used to represent Prosus 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 | 0.2527 |
| MAD | Mean absolute deviation | 0.6242 |
| MAPE | Mean absolute percentage error | 0.0119 |
| SAE | Sum of the absolute errors | 36.83 |
Other Forecasting Options for Prosus
The distribution of Prosus' daily returns is typically non-normal, with fatter tails than a Gaussian model predicts. This can reveal hidden support and resistance zones in Prosus' chart that simple price charts miss.View Prosus' Related Equities
| Risk & Return | Correlation |
Prosus Market Strength Events
Market strength indicators for Prosus give insight into the pink sheet's responsiveness to broader forces. These indicators are useful for traders seeking optimal timing for positions in Prosus.
Prosus Risk Indicators
A thorough review of Prosus' risk indicators is an important first step in forecasting its price. Quantifying the risk involved in Prosus' allows investors to make better decisions about entry, sizing, and hedging.
| Mean Deviation | 1.38 | |||
| Standard Deviation | 2.78 | |||
| Variance | 7.72 |
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 Prosus
The amount of media and story coverage tied to Prosus can signal where market attention is concentrating at the moment. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
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Financial ratios for Prosus show relationships between important financial metrics. The data is structured to allow stable comparisons over time.