Superior Plus Stock Forward View - Double Exponential Smoothing
| SPB Stock | CAD 6.93 0.01 0.14% |
Superior Plus's Double Exponential Smoothing reference data reflects the model's output when applied to available daily price observations. This page summarizes the model output and key accuracy metrics for reference. The projected value and error metrics are calculated from available daily price observations.
The Double Exponential Smoothing forecasted value of Superior Plus Corp on the next trading day is expected to be 6.90 with a mean absolute deviation of 0.10 and the sum of the absolute errors of 5.93.When Superior Plus Corp prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any Superior Plus Corp trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Superior Plus observations are given relatively more weight in forecasting than the older observations. The Double Exponential Smoothing reference values for Superior Plus are derived from publicly available price data and should be used for informational purposes only. Double Exponential Smoothing Price Forecast For the 25th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Superior Plus Corp on the next trading day is expected to be 6.90 with a mean absolute deviation of 0.10 , mean absolute percentage error of 0.04 , and the sum of the absolute errors of 5.93 .Please note that although there have been many attempts to predict Superior 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 Superior Plus' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
For the next trading day, Macroaxis evaluates Superior Plus' predictive range by looking for statistically meaningful downside and upside boundaries. At the moment, the model places downside around 4.24 and upside around 9.56 for the forecasting period.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Superior Plus stock data series using in forecasting. Note that when a statistical model is used to represent Superior Plus 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.029 |
| MAD | Mean absolute deviation | 0.1005 |
| MAPE | Mean absolute percentage error | 0.0145 |
| SAE | Sum of the absolute errors | 5.93 |
Other Forecasting Options for Superior Plus
Relative Strength Index values for Superior measure the speed and magnitude of recent price changes. Recognizing these clusters in Superior Plus' returns helps calibrate position size and stop-loss levels. Candlestick pattern analysis of Superior Stock daily data can reveal short-term reversal or continuation signals.Superior Plus Related Equities
Sizing up Superior Plus against these stocks within the Utilities space shows how it compares on key financial measures. Profit comparisons show whether Superior Plus earns above or below average returns next to its peers. Peer pricing works best when the firms compared share similar business models and end markets. This peer set gives the context needed for a well-rounded view of Superior Plus.
| Risk & Return | Correlation |
Superior Plus Market Strength Events
Market strength indicators provide a structured view of how Superior Plus stock is positioned relative to trends. These indicators are valuable tools for identifying when to enter or exit positions in Superior Plus Corp. These signals help validate or refine position timing for Superior Plus.
Superior Plus Risk Indicators
The analysis of Superior Plus' risk metrics is one of the most important steps in projecting its future price. This process quantifies the risk associated with Superior Plus' and helps determine how to manage it. A structured analysis of Superior Plus' risk indicators is one of the most reliable ways to improve forecast accuracy.
| Mean Deviation | 1.19 | |||
| Semi Deviation | 3.53 | |||
| Standard Deviation | 2.56 | |||
| Variance | 6.56 | |||
| Downside Variance | 13.42 | |||
| Semi Variance | 12.49 | |||
| Expected Short fall | -1.10 |
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 Superior Plus
The amount of media and story coverage tied to Superior Plus Corp 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.
Other Macroaxis Stories
Macroaxis story coverage is designed for a broad investing audience that ranges from self-directed traders to advisers, researchers, and institutional market participants. The content is intended to support people who want a more structured path from headline information to portfolio action.
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Superior Plus Short Properties
Short sentiment tied to Superior Plus Corp matters because heavier bearish pressure can change how quickly future price expectations become unstable. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 257.1 M | |
| Cash And Short Term Investments | 32.6 M |
More Resources for Superior Stock Analysis
Other Information on Investing in Superior Stock
Superior Plus ratios capture relationships across its reported financial data. They outline how earnings and cash flow connect to company value.