PetroTal Corp Stock Forward View - Triple Exponential Smoothing
| TAL Stock | 0.54 0.03 5.88% |
The Triple Exponential Smoothing reference data for PetroTal Corp is derived from the equity's published trading history. Forecast values and accuracy indicators are summarized on this page for reference.
The Triple Exponential Smoothing forecasted value of PetroTal Corp on the next trading day is expected to be 0.54 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.68.As with simple exponential smoothing, in triple exponential smoothing models past PetroTal Corp 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 PetroTal Corp observations. All forecast values on this page for PetroTal Corp are Triple Exponential Smoothing reference data derived from historical price series. Triple Exponential Smoothing Price Forecast For the 19th of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of PetroTal Corp on the next trading day is expected to be 0.54 with a mean absolute deviation of 0.01 , mean absolute percentage error of 0.0003 , and the sum of the absolute errors of 0.68 .Please note that although there have been many attempts to predict PetroTal 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 PetroTal Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest PetroTal Corp | PetroTal Corp Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates PetroTal Corp's predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 0.01 and upside near 4.59.
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 PetroTal Corp stock data series using in forecasting. Note that when a statistical model is used to represent PetroTal Corp 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 | -0.0025 |
| MAD | Mean absolute deviation | 0.0113 |
| MAPE | Mean absolute percentage error | 0.0266 |
| SAE | Sum of the absolute errors | 0.6804 |
Other Forecasting Options for PetroTal Corp
For both new and experienced investors in PetroTal, the ability to analyze PetroTal Corp's price movement is a fundamental investment skill. Price chart noise in PetroTal Stock can create false signals and mislead investment decisions.PetroTal Corp Related Equities
The following equities are related to PetroTal Corp within the Energy space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing PetroTal Corp 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 |
PetroTal Corp Market Strength Events
Tracking market strength indicators for PetroTal Corp helps investors understand the momentum dynamics of the stock in real time. These signals support informed decisions about when to enter or exit positions in PetroTal Corp for maximum return potential.
PetroTal Corp Risk Indicators
Properly assessing PetroTal Corp's risk indicators is a prerequisite for building reliable price forecasts. Identifying and quantifying the risks associated with PetroTal Corp's allows investors to make better-informed decisions about accepting or hedging their exposure.
| Mean Deviation | 2.73 | |||
| Semi Deviation | 2.79 | |||
| Standard Deviation | 3.93 | |||
| Variance | 15.44 | |||
| Downside Variance | 20.7 | |||
| Semi Variance | 7.79 | |||
| Expected Short fall | -4.48 |
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 PetroTal Corp
The amount of media and story coverage tied to PetroTal Corp 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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PetroTal Corp Short Properties
Reviewing short-oriented indicators for PetroTal Corp is useful because long and short participants often create very different signals for timing and volatility. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 935.7 M | |
| Cash And Short Term Investments | 102.8 M |
More Resources for PetroTal Stock Analysis
Other Information on Investing in PetroTal Stock
Financial ratios for PetroTal Corp provide valuation context across profits, cash flow, and enterprise value. They help compare PetroTal to other measures in a consistent way.