Connexa Sports Stock Forward View - Simple Exponential Smoothing
| YYAI Stock | 0.93 0.04 4.49% |
This reference page presents Simple Exponential Smoothing forecast data for Connexa Sports Technologies. The projected values and error metrics are presented below as reference information.
The Simple Exponential Smoothing forecasted value of Connexa Sports Technologies on the next trading day is projected to be 0.93 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.67.This simple exponential smoothing model begins by setting Connexa Sports Technologies forecast for the second period equal to the observation of the first period. In other words, recent Connexa Sports observations are given relatively more weight in forecasting than the older observations. This Simple Exponential Smoothing forecast data for Connexa Sports Technologies is sourced from the most recent available trading data and is intended solely as reference information. Simple Exponential Smoothing Price Forecast For the 24th of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Connexa Sports Technologies on the next trading day is expected to be 0.93 with a mean absolute deviation of 0.06 , mean absolute percentage error of 0.01 , and the sum of the absolute errors of 3.67 .Please note that although there have been many attempts to predict Connexa 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 Connexa Sports' 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 Connexa Sports' predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 0.01 and upside near 8.97.
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 Connexa Sports stock data series using in forecasting. Note that when a statistical model is used to represent Connexa Sports 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 | 111.4623 |
| Bias | Arithmetic mean of the errors | 8.0E-4 |
| MAD | Mean absolute deviation | 0.0612 |
| MAPE | Mean absolute percentage error | 0.0534 |
| SAE | Sum of the absolute errors | 3.67 |
Other Forecasting Options for Connexa Sports
Connexa Sports' daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in Connexa often signals an upcoming reversal or acceleration.Connexa Sports Related Equities
Connexa Sports's market space within the Consumer Discretionary space is best grasped by looking at the firms listed below. Market cap and total value checks frame Connexa Sports' size within the competitive field.
| Risk & Return | Correlation |
Connexa Sports Market Strength Events
Market strength indicators help investors evaluate how Connexa Sports stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading Connexa Sports Technologies.
Connexa Sports Risk Indicators
The analysis of Connexa Sports' basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding Connexa Sports' allows investors to make informed decisions about their exposure.
| Mean Deviation | 5.49 | |||
| Semi Deviation | 5.28 | |||
| Standard Deviation | 7.99 | |||
| Variance | 63.9 | |||
| Downside Variance | 34.52 | |||
| Semi Variance | 27.88 | |||
| Expected Short fall | -7.67 |
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 Connexa Sports
A coverage review of Connexa Sports Technologies 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.
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Latest Perspective From Macroaxis
Connexa Sports Short Properties
Short sentiment tied to Connexa Sports Technologies 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 | 257.9 K | |
| Cash And Short Term Investments | 1.4 M |