SSAB AB Pink Sheet Forward View - Simple Moving Average
| SSAAY Stock | USD 4.17 -0.08 -1.88% |
This reference page presents Simple Moving Average forecast data for SSAB AB ADR. The model output shown here is derived from SSAB AB's historical price series and is provided for informational purposes.
The Simple Moving Average forecasted value of SSAB AB ADR on the next trading day is expected to be 4.17 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 3.19.The simple moving average model is conceptually a linear regression of the current value of SSAB AB ADR price series against current and previous (unobserved) value of SSAB AB. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future This Simple Moving Average forecast data for SSAB AB ADR is sourced from the most recent available trading data and is intended solely as reference information. Simple Moving Average Price Forecast For the 20th of March
Given 90 days horizon, the Simple Moving Average forecasted value of SSAB AB ADR on the next trading day is expected to be 4.17 with a mean absolute deviation of 0.05 , mean absolute percentage error of 0.01 , and the sum of the absolute errors of 3.19 .Please note that although there have been many attempts to predict SSAB 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 SSAB AB's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pink Sheet Forecast Pattern
| Backtest SSAB AB | SSAB AB Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for SSAB AB ADR focuses on identifying predictive downside and upside bands that can frame a realistic trading range. 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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of SSAB AB pink sheet data series using in forecasting. Note that when a statistical model is used to represent SSAB AB 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 | 109.5618 |
| Bias | Arithmetic mean of the errors | -0.0103 |
| MAD | Mean absolute deviation | 0.054 |
| MAPE | Mean absolute percentage error | 0.0128 |
| SAE | Sum of the absolute errors | 3.185 |
Other Forecasting Options for SSAB AB
For every potential investor in SSAB, whether a beginner or expert, SSAB AB's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better.SSAB AB Related Equities
The following equities are related to SSAB AB within the Steel space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing SSAB AB 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 |
SSAB AB Market Strength Events
Market strength indicators help investors to evaluate how SSAB AB pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SSAB AB shares will generate the highest return on.
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 4.17 | |||
| Day Typical Price | 4.17 | |||
| Price Action Indicator | -0.04 | |||
| Period Momentum Indicator | -0.08 | |||
| Relative Strength Index | 49.71 |
SSAB AB Risk Indicators
The analysis of SSAB AB's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in SSAB AB's investment and either accepting that risk or mitigating it.
| Mean Deviation | 1.05 | |||
| Semi Deviation | 1.2 | |||
| Standard Deviation | 1.72 | |||
| Variance | 2.97 | |||
| Downside Variance | 7.23 | |||
| Semi Variance | 1.44 | |||
| Expected Short fall | -2.33 |
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 SSAB AB
Story coverage around SSAB AB ADR often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
Other Macroaxis Stories
Macroaxis publishes story content for a diverse readership that includes finance students, independent investors, money managers, and market-focused operating teams. What connects that audience is a focus on building stronger portfolios through better research, risk awareness, and comparative analysis.
Story Categories
Currently Trending Categories
More Resources for SSAB Pink Sheet Analysis
Other Information on Investing in SSAB Pink Sheet
SSAB AB financial ratios provide valuation context across profits, cash flow, and enterprise value. They help compare SSAB across valuation measures.