Tidewater Midstream Stock Forward View - Double Exponential Smoothing
| TWM Stock | CAD 8.11 0.28 3.58% |
This page documents Double Exponential Smoothing forecast output for Tidewater Midstream and as reference data. The model is applied to historical closing prices and the resulting projection and error statistics are shown below.
The Double Exponential Smoothing forecasted value of Tidewater Midstream and on the next trading day is expected to be 8.16 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 9.22.When Tidewater Midstream and 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 Tidewater Midstream and 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 Tidewater Midstream observations are given relatively more weight in forecasting than the older observations. The Double Exponential Smoothing reference information for Tidewater Midstream is based on available price data and is intended for informational purposes. Double Exponential Smoothing Price Forecast For the 20th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Tidewater Midstream and on the next trading day is expected to be 8.16 with a mean absolute deviation of 0.16 , mean absolute percentage error of 0.04 , and the sum of the absolute errors of 9.22 .Please note that although there have been many attempts to predict Tidewater 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 Tidewater Midstream's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Tidewater Midstream | Tidewater Midstream Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Tidewater Midstream and uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The current forecast range spans downside near 4.93 and upside near 11.39.
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 Tidewater Midstream stock data series using in forecasting. Note that when a statistical model is used to represent Tidewater Midstream 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 | -0.0297 |
| MAD | Mean absolute deviation | 0.1562 |
| MAPE | Mean absolute percentage error | 0.025 |
| SAE | Sum of the absolute errors | 9.2184 |
Other Forecasting Options for Tidewater Midstream
Any investor evaluating Tidewater must grapple with the challenge of interpreting Tidewater Midstream's price movement accurately. Tidewater Stock price charts typically contain substantial noise that can complicate analysis and lead to poor decisions.Tidewater Midstream Related Equities
The following equities are related to Tidewater Midstream within the Energy space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Tidewater Midstream 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 |
Tidewater Midstream Market Strength Events
Market strength indicators for Tidewater Midstream assess how the stock responds to ongoing changes in market conditions and investor sentiment. By monitoring these indicators, investors can identify the most opportune moments to trade Tidewater Midstream and.
Tidewater Midstream Risk Indicators
Risk indicator analysis for Tidewater Midstream is a critical component of accurate price forecasting and sound investment decision-making. By identifying how much risk is embedded in Tidewater Midstream's investment, investors can decide how to position and protect their exposure.
| Mean Deviation | 2.4 | |||
| Semi Deviation | 2.04 | |||
| Standard Deviation | 3.16 | |||
| Variance | 9.97 | |||
| Downside Variance | 7.26 | |||
| Semi Variance | 4.15 | |||
| Expected Short fall | -2.74 |
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 Tidewater Midstream
A coverage review of Tidewater Midstream and helps investors see when the security is attracting above-average attention from contributors and market observers. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
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Tidewater Midstream Short Properties
A short-interest review of Tidewater Midstream and helps investors understand whether skepticism in the market is becoming more influential. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 429.5 M | |
| Cash And Short Term Investments | 100 K |
More Resources for Tidewater Stock Analysis
Other Information on Investing in Tidewater Stock
Financial ratios for Tidewater Midstream provide valuation context across profits, cash flow, and enterprise value. They help compare Tidewater across valuation measures in a consistent way.