Smith Nephew Pink Sheet Forecast - Triple Exponential Smoothing
| SNNUF Stock | USD 11.93 0.14 1.16% |
The Triple Exponential Smoothing forecasted value of Smith Nephew plc on the next trading day is expected to be 11.93 with a mean absolute deviation of 0.20 and the sum of the absolute errors of 11.65. Smith Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Smith Nephew stock prices and determine the direction of Smith Nephew plc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Smith Nephew's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Smith Nephew to cross-verify your projections. Smith |
Most investors in Smith Nephew cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Smith Nephew's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Smith Nephew's price structures and extracts relationships that further increase the generated results' accuracy.
Triple exponential smoothing for Smith Nephew - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Smith Nephew 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 trend in Smith Nephew price movement. However, neither of these exponential smoothing models address any seasonality of Smith Nephew plc. Smith Nephew Triple Exponential Smoothing Price Forecast For the 19th of April
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Smith Nephew plc on the next trading day is expected to be 11.93 with a mean absolute deviation of 0.20, mean absolute percentage error of 0.09, and the sum of the absolute errors of 11.65.Please note that although there have been many attempts to predict Smith Pink Sheet prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Smith Nephew's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Smith Nephew Pink Sheet Forecast Pattern
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Smith Nephew Forecasted Value
In the context of forecasting Smith Nephew's Pink Sheet value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Smith Nephew's downside and upside margins for the forecasting period are 9.72 and 14.14, respectively. We have considered Smith Nephew's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
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 Smith Nephew pink sheet data series using in forecasting. Note that when a statistical model is used to represent Smith Nephew pink sheet, 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 | 0.03 |
| MAD | Mean absolute deviation | 0.1975 |
| MAPE | Mean absolute percentage error | 0.015 |
| SAE | Sum of the absolute errors | 11.65 |
Predictive Modules for Smith Nephew
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Smith Nephew plc. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Smith Nephew's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Smith Nephew
For every potential investor in Smith, whether a beginner or expert, Smith Nephew's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Smith Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Smith. Basic forecasting techniques help filter out the noise by identifying Smith Nephew's price trends.Smith Nephew Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Smith Nephew pink sheet to make a market-neutral strategy. Peer analysis of Smith Nephew could also be used in its relative valuation, which is a method of valuing Smith Nephew by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Smith Nephew plc Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Smith Nephew's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Smith Nephew's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Smith Nephew Market Strength Events
Market strength indicators help investors to evaluate how Smith Nephew pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Smith Nephew shares will generate the highest return on investment. By undertsting and applying Smith Nephew pink sheet market strength indicators, traders can identify Smith Nephew plc entry and exit signals to maximize returns.
Smith Nephew Risk Indicators
The analysis of Smith Nephew's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Smith Nephew's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting smith pink sheet prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.42 | |||
| Standard Deviation | 2.17 | |||
| Variance | 4.72 |
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.
Currently Active Assets on Macroaxis
Check out Historical Fundamental Analysis of Smith Nephew to cross-verify your projections. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Smith Pink Sheet analysis
When running Smith Nephew's price analysis, check to measure Smith Nephew's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Smith Nephew is operating at the current time. Most of Smith Nephew's value examination focuses on studying past and present price action to predict the probability of Smith Nephew's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smith Nephew's price. Additionally, you may evaluate how the addition of Smith Nephew to your portfolios can decrease your overall portfolio volatility.
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