ReTo Eco Stock Forward View - Simple Exponential Smoothing
| RETO Stock | USD 0.76 -0.0011 -0.14% |
The Simple Exponential Smoothing forecast reference data for ReTo Eco Solutions is based on the equity's recent trading history. Forecast values and accuracy indicators are summarized on this page for reference. This reference information is provided for analytical context.
The Simple Exponential Smoothing forecasted value of ReTo Eco Solutions on the next trading day is expected to be 0.76 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 5.05.This simple exponential smoothing model begins by setting ReTo Eco Solutions forecast for the second period equal to the observation of the first period. In other words, recent ReTo Eco observations are given relatively more weight in forecasting than the older observations. The Simple Exponential Smoothing projections for ReTo Eco Solutions are reference data based on historical daily prices and are provided as informational context. Simple Exponential Smoothing Price Forecast For the 24th of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of ReTo Eco Solutions on the next trading day is expected to be 0.76 with a mean absolute deviation of 0.08 , mean absolute percentage error of 0.02 , and the sum of the absolute errors of 5.05 .Please note that although there have been many attempts to predict ReTo 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 ReTo Eco's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest ReTo Eco | ReTo Eco Price Prediction | Research Analysis |
Forecasted Value
Forecasting ReTo Eco Solutions for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. At the moment, the model places downside around 0.01 and upside around 11.86 for the forecasting period.
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 ReTo Eco stock data series using in forecasting. Note that when a statistical model is used to represent ReTo Eco 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 | 112.0944 |
| Bias | Arithmetic mean of the errors | 0.0265 |
| MAD | Mean absolute deviation | 0.0842 |
| MAPE | Mean absolute percentage error | 0.0841 |
| SAE | Sum of the absolute errors | 5.0511 |
Other Forecasting Options for ReTo Eco
Volatility clustering is a well-documented feature of ReTo Stock price data where periods of large moves tend to follow other large moves. When ReTo Eco's RSI reaches extreme levels, it often precedes a short-term price correction or consolidation. Seasonal patterns in ReTo Eco's returns can persist when driven by structural factors like earnings calendars or index rebalancing.ReTo Eco Related Equities
These stocks within the Materials space are often compared to ReTo Eco by analysts and fund managers in the sector. Looking at ReTo Eco's pricing multiples next to these peers shows if the stock trades at a premium or discount.
| Risk & Return | Correlation |
ReTo Eco Market Strength Events
Analyzing market strength indicators for ReTo Eco enables investors to understand relative stock momentum. Investors use these tools to determine the best times to initiate or close positions in ReTo Eco Solutions. Market strength indicators support more precise timing of ReTo Eco Solutions positions across market cycles.
ReTo Eco Risk Indicators
Identifying and analyzing ReTo Eco's key risk indicators is a foundational step in projecting how its price may evolve. This process involves measuring the level of investment risk in ReTo Eco's and determining how best to manage it. Studying ReTo Eco's risk indicators helps investors understand the risk level of reto stock.
| Mean Deviation | 7.65 | |||
| Standard Deviation | 11.07 | |||
| Variance | 122.52 |
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 ReTo Eco
The amount of media and story coverage tied to ReTo Eco Solutions 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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ReTo Eco Short Properties
Short-interest signals around ReTo Eco Solutions can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. This is most valuable when investors want to know whether bearish pressure is starting to shape the market's reaction function.
| Common Stock Shares Outstanding | 549.1 K | |
| Cash And Short Term Investments | 671.4 K |