Samsonite International Pink Sheet Forward View
| SMSOF Stock | USD 2.10 -0.10 -4.55% |
The forecast reference data for Samsonite International on this page is generated using Naive Prediction applied to historical price observations. Projected values and error measures are included as reference material.
The Naive Prediction forecasted value of Samsonite International SA on the next trading day is expected to be 2.11 with a mean absolute deviation of 0.12 and the sum of the absolute errors of 7.22.This model is not at all useful as a medium-long range forecasting tool of Samsonite International SA. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Samsonite International. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights. The Naive Prediction reference values for Samsonite International are derived from publicly available price data and should be used for informational purposes only. Naive Prediction Price Forecast For the 21st of March
Given 90 days horizon, the Naive Prediction forecasted value of Samsonite International SA on the next trading day is expected to be 2.11 with a mean absolute deviation of 0.12 , mean absolute percentage error of 0.02 , and the sum of the absolute errors of 7.22 .Please note that although there have been many attempts to predict Samsonite 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 Samsonite International's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pink Sheet Forecast Pattern
| Backtest Samsonite International | Samsonite International Price Prediction | Research Analysis |
Forecasted Value
Forecasting Samsonite International SA for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Samsonite International pink sheet data series using in forecasting. Note that when a statistical model is used to represent Samsonite International 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 | 114.2913 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1184 |
| MAPE | Mean absolute percentage error | 0.0496 |
| SAE | Sum of the absolute errors | 7.2204 |
Other Forecasting Options for Samsonite International
Investors at all stages of experience who consider Samsonite must develop an understanding of Samsonite International's price dynamics. The noise embedded in Samsonite Pink Sheet price charts can create misleading signals and skew investment decisions.Samsonite International Related Equities
The following equities are related to Samsonite International within the Footwear & Accessories space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Samsonite International 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 |
Samsonite International Market Strength Events
Market strength indicators applied to Samsonite International pink sheet give investors a structured view of the security's momentum relative to the overall market. Using these indicators, traders can refine their timing when entering or exiting positions in Samsonite International SA.
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 2.1 | |||
| Day Typical Price | 2.1 | |||
| Price Action Indicator | -0.05 | |||
| Period Momentum Indicator | -0.10 | |||
| Relative Strength Index | 35.42 |
Samsonite International Risk Indicators
Evaluating Samsonite International's risk indicators is an important step in accurately forecasting its price and assessing the suitability of an investment. Understanding the risk profile of Samsonite International's allows investors to make more informed decisions about position sizing and risk.
| Mean Deviation | 1.29 | |||
| Standard Deviation | 4.63 | |||
| Variance | 21.45 |
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 Samsonite International
The amount of media and story coverage tied to Samsonite International SA can signal where market attention is concentrating at the moment. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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Other Information on Investing in Samsonite Pink Sheet
At Samsonite International, financial ratios outline links between core financial data. They outline how earnings and cash flow connect to company value.