Expro Group Stock Forward View - Simple Exponential Smoothing
| XPRO Stock | USD 17.82 0.01 0.06% |
The Simple Exponential Smoothing reference data for Expro Group is derived from the equity's published trading history. The resulting forecast and deviation statistics are presented as reference data for informational context. Forecast values and accuracy statistics are presented for informational purposes. All values shown are derived from publicly available market data.
The Simple Exponential Smoothing forecasted value of Expro Group Holdings on the next trading day is expected to be 17.78 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 21.21.This simple exponential smoothing model begins by setting Expro Group Holdings forecast for the second period equal to the observation of the first period. In other words, recent Expro Group observations are given relatively more weight in forecasting than the older observations. The forecast reference data presented here for Expro Group Holdings reflects Simple Exponential Smoothing model output and is intended as reference material for analytical use. Simple Exponential Smoothing Price Forecast For the 25th of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Expro Group Holdings on the next trading day is expected to be 17.78 with a mean absolute deviation of 0.35 , mean absolute percentage error of 0.23 , and the sum of the absolute errors of 21.21 .Please note that although there have been many attempts to predict Expro 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 Expro Group'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
The next-day forecast for Expro Group Holdings focuses on identifying predictive downside and upside bands that can frame a realistic trading range. No forecasting approach has been shown to beat all others over time. Investors should treat any model output as a guide, not a guarantee.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Expro Group stock data series using in forecasting. Note that when a statistical model is used to represent Expro Group 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 | 114.7955 |
| Bias | Arithmetic mean of the errors | -0.0873 |
| MAD | Mean absolute deviation | 0.3535 |
| MAPE | Mean absolute percentage error | 0.0217 |
| SAE | Sum of the absolute errors | 21.2107 |
Other Forecasting Options for Expro Group
Fibonacci retracement levels applied to Expro Stock price swings identify potential support and resistance zones. Extreme price moves in Expro occur more frequently than standard risk models assume. Support and resistance levels derived from Expro Group's historical data identify zones where buying or selling pressure has stalled moves. A volume spike without a corresponding price move can signal accumulation or distribution ahead of a directional breakout.Expro Group Related Equities
The stocks listed below are peers of Expro Group within the Energy space and offer context for ranking and strength. Return on equity across these peers shows how well each firm turns capital into profit.
| Risk & Return | Correlation |
Expro Group Market Strength Events
Tracking market strength indicators for Expro Group provides context for understanding stock momentum dynamics. Tracking these indicators helps identify periods where trading Expro Group is likely to be most rewarding. These tools are essential for timing trades in Expro Group Holdings with a quantitative framework. Market strength indicators for Expro Group Holdings are most useful when viewed as part of a broader analytical framework.
Expro Group Risk Indicators
Properly assessing Expro Group's risk indicators is a prerequisite for building reliable price forecasts. This analysis provides context for determining the appropriate level of risk to accept when holding Expro Group's. Analyzing Expro Group's risk indicators provides a critical input for investment risk management. By quantifying the risk in Expro Group's investment, investors can make more informed decisions about hedging strategies.
| Mean Deviation | 2.36 | |||
| Semi Deviation | 2.21 | |||
| Standard Deviation | 3.03 | |||
| Variance | 9.18 | |||
| Downside Variance | 6.56 | |||
| Semi Variance | 4.9 | |||
| Expected Short fall | -2.98 |
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 Expro Group
Coverage intensity for Expro Group Holdings 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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Expro Group Short Properties
A short-interest review of Expro Group Holdings provides context for understanding whether skepticism in the market is becoming more influential. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 115.7 M | |
| Cash And Short Term Investments | 197.5 M |