Terra Income Stock Forward View - Double Exponential Smoothing
| TFSA Stock | USD 13.87 0.02 0.14% |
The Double Exponential Smoothing forecast shown here for Terra Income is reference data produced from its historical price series. The projected value and error measures below serve as reference information.
The Double Exponential Smoothing forecasted value of Terra Income on the next trading day is expected to be 13.87 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 20.74.When Terra Income 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 Terra Income 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 Terra Income observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing reference page for Terra Income presents model-generated projections from historical price data for informational purposes. Double Exponential Smoothing Price Forecast For the 25th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Terra Income on the next trading day is expected to be 13.87 with a mean absolute deviation of 0.35 , mean absolute percentage error of 1.59 , and the sum of the absolute errors of 20.74 .Please note that although there have been many attempts to predict Terra 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 Terra Income's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Terra Income | Terra Income Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Terra Income's predictive range by looking for statistically meaningful downside and upside boundaries. The projected forecast band currently runs from roughly 8.06 on the downside to about 19.68 on the upside.
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 Terra Income stock data series using in forecasting. Note that when a statistical model is used to represent Terra Income 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 | 0.1786 |
| MAD | Mean absolute deviation | 0.3515 |
| MAPE | Mean absolute percentage error | 0.022 |
| SAE | Sum of the absolute errors | 20.74 |
Other Forecasting Options for Terra Income
The distribution of Terra Income's daily returns is typically non-normal, with fatter tails than a Gaussian model predicts. This can reveal hidden support and resistance zones in Terra Income's chart that simple price charts miss.Terra Income Related Equities
These stocks are related to Terra Income within the Financials space and can be used for peer review, pricing, or spreading risk. Peer review on balance sheet metrics shows how Terra Income's capital structure stacks up against similar firms.
| Risk & Return | Correlation |
Terra Income Market Strength Events
Market strength indicators for Terra Income give insight into the stock's responsiveness to broader forces. These indicators are useful for traders seeking optimal timing for positions in Terra Income.
Terra Income Risk Indicators
A thorough review of Terra Income's risk indicators is an important first step in forecasting its price. Quantifying the risk involved in Terra Income's allows investors to make better decisions about entry, sizing, and hedging.
| Mean Deviation | 1.95 | |||
| Standard Deviation | 5.54 | |||
| Variance | 30.71 |
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 Terra Income
The amount of media and story coverage tied to Terra Income can signal where market attention is concentrating at the moment. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
