Showa Denko Pink Sheet Forward View - Triple Exponential Smoothing
| SHWDY Stock | USD 66.80 -2.70 -3.88% |
The Triple Exponential Smoothing forecast reference data for Showa Denko KK is based on the equity's recent trading history. This page summarizes the model output and key accuracy metrics for reference.
The Triple Exponential Smoothing forecasted value of Showa Denko KK on the next trading day is expected to be 66.89 with a mean absolute deviation of 1.74 and the sum of the absolute errors of 102.83.As with simple exponential smoothing, in triple exponential smoothing models past Showa Denko observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Showa Denko KK observations. All Triple Exponential Smoothing forecast figures shown for Showa Denko KK are reference data reflecting model output based on available historical prices. Triple Exponential Smoothing Price Forecast For the 23rd of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Showa Denko KK on the next trading day is expected to be 66.89 with a mean absolute deviation of 1.74 , mean absolute percentage error of 6.24 , and the sum of the absolute errors of 102.83 .Please note that although there have been many attempts to predict Showa 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 Showa Denko'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
For the next trading day, Macroaxis evaluates Showa Denko's predictive range by looking for statistically meaningful downside and upside boundaries. At the moment, the model places downside around 63.02 and upside around 70.77 for the forecasting period.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Showa Denko pink sheet data series using in forecasting. Note that when a statistical model is used to represent Showa Denko 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 | -0.0214 |
| MAD | Mean absolute deviation | 1.7429 |
| MAPE | Mean absolute percentage error | 0.0291 |
| SAE | Sum of the absolute errors | 102.829 |
Other Forecasting Options for Showa Denko
Whether a novice or experienced investor, anyone considering Showa needs to understand the dynamics of Showa Denko's price movement. Price charts for Showa Pink Sheet contain a significant amount of noise that can distort investment decisions.Showa Denko Related Equities
The following equities are related to Showa Denko within the Chemicals space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Showa Denko 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 |
Showa Denko Market Strength Events
Analyzing market strength indicators for Showa Denko enables investors to understand how the pink sheet performs relative to overall market momentum. These indicators are valuable tools for identifying when to enter or exit positions in Showa Denko KK.
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 66.8 | |||
| Day Typical Price | 66.8 | |||
| Price Action Indicator | -1.35 | |||
| Period Momentum Indicator | -2.70 | |||
| Relative Strength Index | 55.39 |
Showa Denko Risk Indicators
Identifying and analyzing Showa Denko's key risk indicators is a foundational step in projecting how its price may evolve. This process quantifies the risk associated with Showa Denko's and decide how to manage it.
| Mean Deviation | 2.74 | |||
| Semi Deviation | 2.63 | |||
| Standard Deviation | 3.82 | |||
| Variance | 14.59 | |||
| Downside Variance | 16.91 | |||
| Semi Variance | 6.91 | |||
| Expected Short fall | -4.37 |
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 Showa Denko
A coverage review of Showa Denko KK shows when the security is attracting above-average attention from contributors and market observers. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
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Showa Denko Short Properties
A short-interest review of Showa Denko KK provides context for understanding whether skepticism in the market is becoming more influential. 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 | 156.3 M | |
| Cash And Short Term Investments | 236.2 B |
More Resources for Showa Pink Sheet Analysis
Other Information on Investing in Showa Pink Sheet
Financial ratios highlight how financial values interact within Showa Denko. Together, they show how profit and cash flow relate to valuation. The data is structured to allow stable comparisons over time. Values are based on the latest available financial disclosures and shown as reference data.