Prysmian SpA Pink Sheet Forward View - Simple Exponential Smoothing
| PRYMF Stock | USD 111.43 -3.72 -3.23% |
This page documents Simple Exponential Smoothing forecast output for Prysmian SpA as reference data. The model is applied to historical closing prices and the resulting projection and error statistics are shown below.
The Simple Exponential Smoothing forecasted value of Prysmian SpA on the next trading day is expected to be 111.75 with a mean absolute deviation of 2.56 and the sum of the absolute errors of 156.15.This simple exponential smoothing model begins by setting Prysmian SpA forecast for the second period equal to the observation of the first period. In other words, recent Prysmian SpA observations are given relatively more weight in forecasting than the older observations. The Simple Exponential Smoothing reference information for Prysmian SpA is based on available price data and is intended for informational purposes. Simple Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Prysmian SpA on the next trading day is expected to be 111.75 with a mean absolute deviation of 2.56 , mean absolute percentage error of 9.72 , and the sum of the absolute errors of 156.15 .Please note that although there have been many attempts to predict Prysmian 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 Prysmian SpA's 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
Forecasting Prysmian SpA for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The current forecast range spans downside near 108.84 and upside near 114.66.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Prysmian SpA pink sheet data series using in forecasting. Note that when a statistical model is used to represent Prysmian SpA 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 | 120.3847 |
| Bias | Arithmetic mean of the errors | -0.2936 |
| MAD | Mean absolute deviation | 2.5599 |
| MAPE | Mean absolute percentage error | 0.0223 |
| SAE | Sum of the absolute errors | 156.1528 |
Other Forecasting Options for Prysmian SpA
Any investor evaluating Prysmian must grapple with the challenge of interpreting Prysmian SpA's price movement accurately. Prysmian Pink Sheet price charts typically contain substantial noise that can complicate analysis and lead to poor decisions.Prysmian SpA Related Equities
The following equities are related to Prysmian SpA within the Electrical Equipment & Parts space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Prysmian SpA 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 |
Prysmian SpA Market Strength Events
Market strength indicators for Prysmian SpA assess how the pink sheet responds to ongoing changes in market conditions and investor sentiment. By monitoring these indicators, investors can identify the most opportune moments to trade Prysmian SpA.
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 111.43 | |||
| Day Typical Price | 111.43 | |||
| Price Action Indicator | -1.86 | |||
| Period Momentum Indicator | -3.72 |
Prysmian SpA Risk Indicators
Risk indicator analysis for Prysmian SpA is a critical component of accurate price forecasting and sound investment decision-making. By identifying how much risk is embedded in Prysmian SpA's investment, investors can decide how to position and protect their exposure.
| Mean Deviation | 2.2 | |||
| Semi Deviation | 2.46 | |||
| Standard Deviation | 2.81 | |||
| Variance | 7.87 | |||
| Downside Variance | 8.82 | |||
| Semi Variance | 6.05 | |||
| Expected Short fall | -2.42 |
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 Prysmian SpA
Story coverage around Prysmian SpA often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Other Information on Investing in Prysmian Pink Sheet
Prysmian SpA ratios capture relationships across its reported financial data. They summarize how financial performance connects to valuation. This helps maintain uniform comparisons across financial reports. The figures shown are derived from the most recent reporting inputs available.