TGS Esports Stock Forward View - Double Exponential Smoothing
| TGS Stock | CAD 0.06 0.00 0.00% |
This reference page presents Double Exponential Smoothing forecast data for TGS Esports. The projected values and error metrics are presented below as reference information. The output values and deviation metrics are provided for informational reference.
The Double Exponential Smoothing forecasted value of TGS Esports on the next trading day is expected to be 0.06 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00.When TGS Esports 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 TGS Esports 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 TGS Esports observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing forecast data for TGS Esports is sourced from the most recent available trading data and is intended solely as reference information. Double Exponential Smoothing Price Forecast For the 28th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of TGS Esports on the next trading day is expected to be 0.06 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict TGS 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 TGS Esports' 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 TGS Esports' predictive range by looking for statistically meaningful downside and upside boundaries. At the moment, the model places downside around 0.06 and upside around 0.06 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 TGS Esports stock data series using in forecasting. Note that when a statistical model is used to represent TGS Esports 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 | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Other Forecasting Options for TGS Esports
TGS Esports' daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in TGS often signals an upcoming reversal or acceleration. Gap analysis of TGS Stock data examines overnight jumps between TGS Esports' closing and opening prices.TGS Esports Related Equities
The stocks listed below are peers of TGS Esports within the Communication Services space and offer context for ranking and strength. Key comparison metrics include price-to-earnings, profit margin, and revenue growth across TGS Esports' peer group.
| Risk & Return | Correlation |
TGS Esports Market Strength Events
Market strength indicators help investors evaluate how TGS Esports stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading TGS Esports. These indicators can identify periods when trading TGS Esports may offer more favorable risk-reward conditions.
Story Coverage note for TGS Esports
The amount of media and story coverage tied to TGS Esports can signal where market attention is concentrating at the moment. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
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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