Western Copper Stock Forward View - Double Exponential Smoothing
| WRN Stock | CAD 3.34 0.12 3.73% |
This reference page presents Double Exponential Smoothing forecast data for Western Copper and. 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 Western Copper and on the next trading day is expected to be 3.31 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 11.20.When Western Copper 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 Western Copper 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 Western Copper observations are given relatively more weight in forecasting than the older observations. This Double Exponential Smoothing forecast data for Western Copper and is sourced from the most recent available trading data and is intended solely as reference information. Double Exponential Smoothing Price Forecast For the 25th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Western Copper and on the next trading day is expected to be 3.31 with a mean absolute deviation of 0.19 , mean absolute percentage error of 0.06 , and the sum of the absolute errors of 11.20 .Please note that although there have been many attempts to predict Western 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 Western Copper's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Western Copper | Western Copper Price Prediction | Research Analysis |
Forecasted Value
Forecasting Western Copper and for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
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 Western Copper stock data series using in forecasting. Note that when a statistical model is used to represent Western Copper 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 | -0.0207 |
| MAD | Mean absolute deviation | 0.1867 |
| MAPE | Mean absolute percentage error | 0.0429 |
| SAE | Sum of the absolute errors | 11.2 |
Other Forecasting Options for Western Copper
Western Copper's daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in Western often signals an upcoming reversal or acceleration. Gap analysis of Western Stock data examines overnight jumps between Western Copper's closing and opening prices.Western Copper Related Equities
Western Copper's market space within the Materials space is best grasped by looking at the firms listed below. Looking at Western Copper's pricing multiples next to these peers shows if the stock trades at a premium or discount. How Western Copper ranks within this group can shift over time as the competitive picture changes. The peer review below gives a clear framework for judging Western Copper's standing among rivals.
| Risk & Return | Correlation |
Western Copper Market Strength Events
Market strength indicators help investors evaluate how Western Copper stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading Western Copper and. These indicators can identify periods when trading Western Copper and may offer more favorable risk-reward conditions.
Western Copper Risk Indicators
The analysis of Western Copper's basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding Western Copper's allows investors to make informed decisions about their exposure. The analysis of Western Copper's basic risk metrics provides a foundation for managing investment risk.
| Mean Deviation | 3.93 | |||
| Semi Deviation | 5.81 | |||
| Standard Deviation | 5.19 | |||
| Variance | 26.95 | |||
| Downside Variance | 37.91 | |||
| Semi Variance | 33.81 | |||
| Expected Short fall | -3.54 |
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 Western Copper
A coverage review of Western Copper and shows when the security is attracting above-average attention from contributors and market observers. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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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Western Copper Short Properties
Short-interest signals around Western Copper and can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. This is most valuable when investors want to know whether bearish pressure is starting to shape the market's reaction function.
| Common Stock Shares Outstanding | 187.9 M | |
| Cash And Short Term Investments | 69.1 M |
More Resources for Western Stock Analysis
Understanding Western Copper starts with reviewing its financial statements and long-term patterns. These values are derived from Western Copper's published financial data.For Western Copper, Historical Fundamental Analysis of Western Copper serves as a reference point for projection validation. Western Copper currently shows ROE of -1.96%, market cap of 726.5 Million. This analysis of Western Copper works best as a complementary layer when evaluating how the security fits in a broader portfolio. The supplemental views below help investors decide how Western Copper complements or overlaps with existing portfolio holdings. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.