Scworx Corp Stock Forward View - Triple Exponential Smoothing
| WORX Stock | USD 0.14 0.01 10.54% |
The reference data on this page reflects Triple Exponential Smoothing output applied to Scworx Corp's historical daily closing prices. Forecast values and accuracy statistics are presented for informational purposes.
The Triple Exponential Smoothing forecasted value of Scworx Corp on the next trading day is expected to be 0.14 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.12.As with simple exponential smoothing, in triple exponential smoothing models past Scworx 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 Scworx Corp observations. The forecast reference data presented here for Scworx Corp reflects Triple Exponential Smoothing model output and is intended as reference material for analytical use. Triple Exponential Smoothing Price Forecast For the 19th of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Scworx Corp on the next trading day is expected to be 0.14 with a mean absolute deviation of 0.02 , mean absolute percentage error of 0.0011 , and the sum of the absolute errors of 1.12 .Please note that although there have been many attempts to predict Scworx 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 Scworx Corp's 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 Scworx Corp's predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 0.0014 and upside near 12.07.
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 Scworx Corp stock data series using in forecasting. Note that when a statistical model is used to represent Scworx 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 | 0.004 |
| MAD | Mean absolute deviation | 0.0189 |
| MAPE | Mean absolute percentage error | 0.0906 |
| SAE | Sum of the absolute errors | 1.1165 |
Other Forecasting Options for Scworx Corp
Understanding Scworx Corp's price movement is a prerequisite for any investor considering Scworx as a position. Scworx Stock price charts are frequently cluttered with noise that can interfere with accurate interpretation.Scworx Corp Related Equities
The following equities are related to Scworx Corp within the Health Care space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Scworx 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 |
Scworx Corp Market Strength Events
For traders and investors in Scworx Corp, market strength indicators offer a quantitative framework for evaluating the stock's responsiveness to market conditions. These tools help identify when trading Scworx Corp shares is most likely to generate favorable returns.
Scworx Corp Risk Indicators
Analyzing Scworx Corp's risk indicators provides a critical input for price forecasting and investment risk management. By quantifying the risk in Scworx Corp's investment, investors can make more informed decisions about their exposure and hedging strategies.
| Mean Deviation | 6.99 | |||
| Standard Deviation | 11.59 | |||
| Variance | 134.27 |
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 Scworx Corp
Coverage intensity for Scworx Corp matters because narrative visibility can influence sentiment, participation, and volatility around the name. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Scworx Corp Short Properties
Short sentiment tied to Scworx Corp matters because heavier bearish pressure can change how quickly future price expectations become unstable. Used correctly, these measures can help investors decide when hedging or timing discipline may matter more than conviction alone.
| Common Stock Shares Outstanding | 1.5 M | |
| Cash And Short Term Investments | 106.7 K |