Crown LNG Stock Forecast - Triple Exponential Smoothing

CGBS Stock   0.28  0.02  7.69%   
The Triple Exponential Smoothing forecasted value of Crown LNG Holdings on the next trading day is expected to be 0.28 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.26. Crown Stock Forecast is based on your current time horizon.
  
At this time, Crown LNG's Total Current Assets are comparatively stable compared to the past year. Short Term Debt is likely to gain to about 5.4 M in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 2.4 M in 2024.
Triple exponential smoothing for Crown LNG - 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 Crown LNG 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 Crown LNG price movement. However, neither of these exponential smoothing models address any seasonality of Crown LNG Holdings.

Crown LNG Triple Exponential Smoothing Price Forecast For the 23rd of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Crown LNG Holdings on the next trading day is expected to be 0.28 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0008, and the sum of the absolute errors of 1.26.
Please note that although there have been many attempts to predict Crown Stock 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 Crown LNG's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Crown LNG Stock Forecast Pattern

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Crown LNG Forecasted Value

In the context of forecasting Crown LNG's Stock 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. Crown LNG's downside and upside margins for the forecasting period are 0 and 7.64, respectively. We have considered Crown LNG'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.
Market Value
0.28
0.28
Expected Value
7.64
Upside

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 Crown LNG stock data series using in forecasting. Note that when a statistical model is used to represent Crown LNG 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.
AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors -0.0029
MADMean absolute deviation0.0213
MAPEMean absolute percentage error0.0618
SAESum of the absolute errors1.2573
As with simple exponential smoothing, in triple exponential smoothing models past Crown LNG 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 Crown LNG Holdings observations.

Predictive Modules for Crown LNG

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Crown LNG Holdings. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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.
Hype
Prediction
LowEstimatedHigh
0.020.307.66
Details
Intrinsic
Valuation
LowRealHigh
0.010.277.63
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Crown LNG. Your research has to be compared to or analyzed against Crown LNG's peers to derive any actionable benefits. When done correctly, Crown LNG's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Crown LNG Holdings.

Other Forecasting Options for Crown LNG

For every potential investor in Crown, whether a beginner or expert, Crown LNG's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Crown Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Crown. Basic forecasting techniques help filter out the noise by identifying Crown LNG's price trends.

Crown LNG 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 Crown LNG stock to make a market-neutral strategy. Peer analysis of Crown LNG could also be used in its relative valuation, which is a method of valuing Crown LNG by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Crown LNG Holdings Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Crown LNG'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 Crown LNG's current price.

Crown LNG Market Strength Events

Market strength indicators help investors to evaluate how Crown LNG stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Crown LNG shares will generate the highest return on investment. By undertsting and applying Crown LNG stock market strength indicators, traders can identify Crown LNG Holdings entry and exit signals to maximize returns.

Crown LNG Risk Indicators

The analysis of Crown LNG'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 Crown LNG's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting crown stock 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.
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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Crown Stock Analysis

When running Crown LNG's price analysis, check to measure Crown LNG'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 Crown LNG is operating at the current time. Most of Crown LNG's value examination focuses on studying past and present price action to predict the probability of Crown LNG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crown LNG's price. Additionally, you may evaluate how the addition of Crown LNG to your portfolios can decrease your overall portfolio volatility.