Genmab A/S Pink Sheet Forecast - Simple Exponential Smoothing
| GNMSF Stock | USD 226.84 1.84 0.82% |
The Simple Exponential Smoothing forecasted value of Genmab AS on the next trading day is expected to be 226.84 with a mean absolute deviation of 3.01 and the sum of the absolute errors of 180.82. Genmab Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Genmab A/S's historical fundamentals, such as revenue growth or operating cash flow patterns.
Genmab |
Genmab A/S Simple Exponential Smoothing Price Forecast For the 28th of July
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Genmab AS on the next trading day is expected to be 226.84 with a mean absolute deviation of 3.01, mean absolute percentage error of 29.86, and the sum of the absolute errors of 180.82.Please note that although there have been many attempts to predict Genmab 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 Genmab A/S's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Genmab A/S Pink Sheet Forecast Pattern
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Genmab A/S Forecasted Value
In the context of forecasting Genmab A/S'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. Genmab A/S's downside and upside margins for the forecasting period are 224.24 and 229.44, respectively. We have considered Genmab A/S'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Genmab A/S pink sheet data series using in forecasting. Note that when a statistical model is used to represent Genmab A/S 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 | 119.6691 |
| Bias | Arithmetic mean of the errors | -0.3643 |
| MAD | Mean absolute deviation | 3.0137 |
| MAPE | Mean absolute percentage error | 0.0144 |
| SAE | Sum of the absolute errors | 180.82 |
Predictive Modules for Genmab A/S
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Genmab A/S. 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 Genmab A/S'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 Genmab A/S
For every potential investor in Genmab, whether a beginner or expert, Genmab A/S's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Genmab Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Genmab. Basic forecasting techniques help filter out the noise by identifying Genmab A/S's price trends.Genmab A/S 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 Genmab A/S pink sheet to make a market-neutral strategy. Peer analysis of Genmab A/S could also be used in its relative valuation, which is a method of valuing Genmab A/S by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Genmab A/S 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 Genmab A/S'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 Genmab A/S's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Genmab A/S Market Strength Events
Market strength indicators help investors to evaluate how Genmab A/S 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 Genmab A/S shares will generate the highest return on investment. By undertsting and applying Genmab A/S pink sheet market strength indicators, traders can identify Genmab AS entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 226.84 | |||
| Day Typical Price | 226.84 | |||
| Price Action Indicator | 0.92 | |||
| Period Momentum Indicator | 1.84 |
Genmab A/S Risk Indicators
The analysis of Genmab A/S'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 Genmab A/S's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting genmab 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 | 1.6 | |||
| Semi Deviation | 1.81 | |||
| Standard Deviation | 2.63 | |||
| Variance | 6.9 | |||
| Downside Variance | 10.29 | |||
| Semi Variance | 3.26 | |||
| Expected Short fall | (2.87) |
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.
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Additional Information and Resources on Investing in Genmab Pink Sheet
When determining whether Genmab A/S offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Genmab A/S's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Genmab As Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Genmab As Stock:Check out Historical Fundamental Analysis of Genmab A/S to cross-verify your projections. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.