Qlife Holding Stock Forward View - Simple Exponential Smoothing
| QLIFE Stock | SEK 2.02 0.01 0.50% |
This page provides reference data for Qlife Holding using Simple Exponential Smoothing forecasting. The projected value and error metrics are calculated from available daily price observations.
The Simple Exponential Smoothing forecasted value of Qlife Holding AB on the next trading day is expected to be 2.02 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.67.This simple exponential smoothing model begins by setting Qlife Holding AB forecast for the second period equal to the observation of the first period. In other words, recent Qlife Holding observations are given relatively more weight in forecasting than the older observations. This Simple Exponential Smoothing reference page for Qlife Holding presents model-generated projections from historical price data for informational purposes. Simple Exponential Smoothing Price Forecast For the 19th of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Qlife Holding AB on the next trading day is expected to be 2.02 with a mean absolute deviation of 0.09 , mean absolute percentage error of 0.02 , and the sum of the absolute errors of 5.67 .Please note that although there have been many attempts to predict Qlife 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 Qlife Holding's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Qlife Holding | Qlife Holding Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Qlife Holding's predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 0.02 and upside near 7.82.
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 Qlife Holding stock data series using in forecasting. Note that when a statistical model is used to represent Qlife Holding 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 | 114.2647 |
| Bias | Arithmetic mean of the errors | 0.0159 |
| MAD | Mean absolute deviation | 0.093 |
| MAPE | Mean absolute percentage error | 0.0404 |
| SAE | Sum of the absolute errors | 5.67 |
Other Forecasting Options for Qlife Holding
For investors considering Qlife, Qlife Holding's price movement is the most direct driver of investment returns. Noise in Qlife Stock price charts can make identifying meaningful trends difficult without dedicated analytical tools.Qlife Holding Related Equities
The following equities are related to Qlife Holding within the Medical Devices space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Qlife Holding 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 |
Qlife Holding Market Strength Events
Market strength indicators for Qlife Holding provide investors with a view of how the stock performs across different market environments. By analyzing these indicators, traders can determine the best moments to enter or exit positions in Qlife Holding AB.
Qlife Holding Risk Indicators
A structured analysis of Qlife Holding's risk indicators is one of the most reliable ways to improve the accuracy of price forecasts. Understanding the risk embedded in Qlife Holding's allows investors to decide whether to accept, reduce, or hedge their exposure.
| Mean Deviation | 4.84 | |||
| Semi Deviation | 5.75 | |||
| Standard Deviation | 8.45 | |||
| Variance | 71.38 | |||
| Downside Variance | 38.65 | |||
| Semi Variance | 33.07 | |||
| Expected Short fall | -6.06 |
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 Qlife Holding
A coverage review of Qlife Holding AB helps investors see when the security is attracting above-average attention from contributors and market observers. A disciplined read of coverage helps investors separate durable relevance from temporary noise.
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Qlife Holding Short Properties
A short-interest review of Qlife Holding AB helps investors understand whether skepticism in the market is becoming more influential. 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 | 107.5 M | |
| Cash And Short Term Investments | 73.5 M |
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