Solstad Offsho Stock Forecast - Double Exponential Smoothing
| SOFF Stock | NOK 50.20 1.60 3.29% |
Solstad Stock outlook is based on your current time horizon.
The value of RSI of Solstad Offsho's stock price is about 65. This usually implies that the stock is rather overbought by investors as of now. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Solstad, making its price go up or down. Momentum 65
Buy Extended
Oversold | Overbought |
Using Solstad Offsho hype-based prediction, you can estimate the value of Solstad Offsho from the perspective of Solstad Offsho response to recently generated media hype and the effects of current headlines on its competitors.
The Double Exponential Smoothing forecasted value of Solstad Offsho on the next trading day is expected to be 50.52 with a mean absolute deviation of 0.67 and the sum of the absolute errors of 39.53. Solstad Offsho after-hype prediction price | NOK 0.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Solstad |
Solstad Offsho Additional Predictive Modules
Most predictive techniques to examine Solstad price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Solstad using various technical indicators. When you analyze Solstad charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Solstad Offsho Double Exponential Smoothing Price Forecast For the 26th of January
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Solstad Offsho on the next trading day is expected to be 50.52 with a mean absolute deviation of 0.67, mean absolute percentage error of 0.76, and the sum of the absolute errors of 39.53.Please note that although there have been many attempts to predict Solstad 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 Solstad Offsho's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Solstad Offsho Stock Forecast Pattern
| Backtest Solstad Offsho | Solstad Offsho Price Prediction | Buy or Sell Advice |
Solstad Offsho Forecasted Value
In the context of forecasting Solstad Offsho'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. Solstad Offsho's downside and upside margins for the forecasting period are 48.73 and 52.31, respectively. We have considered Solstad Offsho'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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Solstad Offsho stock data series using in forecasting. Note that when a statistical model is used to represent Solstad Offsho 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.1612 |
| MAD | Mean absolute deviation | 0.67 |
| MAPE | Mean absolute percentage error | 0.0152 |
| SAE | Sum of the absolute errors | 39.5307 |
Predictive Modules for Solstad Offsho
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Solstad Offsho. 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.Solstad Offsho After-Hype Price Density Analysis
As far as predicting the price of Solstad Offsho at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Solstad Offsho or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Solstad Offsho, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Solstad Offsho Estimiated After-Hype Price Volatility
In the context of predicting Solstad Offsho's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Solstad Offsho's historical news coverage. Solstad Offsho's after-hype downside and upside margins for the prediction period are 0.00 and 1.79, respectively. We have considered Solstad Offsho's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Solstad Offsho is not too volatile at this time. Analysis and calculation of next after-hype price of Solstad Offsho is based on 3 months time horizon.
Solstad Offsho Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Solstad Offsho is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Solstad Offsho backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Solstad Offsho, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.24 | 1.79 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
50.20 | 0.00 | 0.00 |
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Solstad Offsho Hype Timeline
Solstad Offsho is at this time traded for 50.20on Oslo Stock Exchange of Norway. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Solstad is expected not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is expected to be very small, whereas the daily expected return is at this time at 0.24%. %. The volatility of related hype on Solstad Offsho is about 0.0%, with the expected price after the next announcement by competition of 50.20. About 47.0% of the company outstanding shares are owned by corporate insiders. The book value of Solstad Offsho was at this time reported as 12.46. The company recorded a loss per share of 13.61. Solstad Offsho last dividend was issued on the 19th of May 2015. The entity had 1:1000 split on the 21st of October 2020. Assuming the 90 days trading horizon the next expected press release will be within a week. Check out Historical Fundamental Analysis of Solstad Offsho to cross-verify your projections.Solstad Offsho Related Hype Analysis
Having access to credible news sources related to Solstad Offsho's direct competition is more important than ever and may enhance your ability to predict Solstad Offsho's future price movements. Getting to know how Solstad Offsho's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Solstad Offsho may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| HSHP | Himalaya Shipping | 0.00 | 0 per month | 1.94 | 0.12 | 3.38 | (3.15) | 14.32 | |
| KCC | Klaveness Combination Carriers | 0.00 | 0 per month | 1.10 | 0.07 | 2.53 | (1.76) | 7.31 | |
| 2020 | 2020 Bulkers | 0.00 | 0 per month | 0.98 | 0.05 | 1.65 | (1.58) | 7.03 | |
| ENVIP | Envipco Holding NV | 0.00 | 0 per month | 0.00 | (0.12) | 2.99 | (4.14) | 10.11 | |
| AKVA | Akva Group | 0.00 | 0 per month | 0.00 | (0.10) | 3.17 | (3.02) | 11.82 | |
| ENDUR | Endur ASA | 0.00 | 0 per month | 1.17 | 0.01 | 2.73 | (1.89) | 6.11 | |
| HAVI | Havila Shipping ASA | 0.00 | 0 per month | 0.00 | (0.12) | 4.31 | (5.88) | 24.87 | |
| CAMBI | Cambi ASA | 0.00 | 0 per month | 0.00 | (0.06) | 4.49 | (4.59) | 13.18 | |
| MULTI | Multiconsult AS | 0.00 | 0 per month | 1.27 | (0.05) | 2.40 | (1.94) | 5.38 | |
| MPCC | MPC Container Ships | 0.00 | 0 per month | 1.74 | 0.03 | 2.99 | (2.96) | 8.79 |
Other Forecasting Options for Solstad Offsho
For every potential investor in Solstad, whether a beginner or expert, Solstad Offsho's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Solstad Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Solstad. Basic forecasting techniques help filter out the noise by identifying Solstad Offsho's price trends.Solstad Offsho 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 Solstad Offsho stock to make a market-neutral strategy. Peer analysis of Solstad Offsho could also be used in its relative valuation, which is a method of valuing Solstad Offsho by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Solstad Offsho Market Strength Events
Market strength indicators help investors to evaluate how Solstad Offsho stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Solstad Offsho shares will generate the highest return on investment. By undertsting and applying Solstad Offsho stock market strength indicators, traders can identify Solstad Offsho entry and exit signals to maximize returns.
Solstad Offsho Risk Indicators
The analysis of Solstad Offsho'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 Solstad Offsho's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting solstad 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.
| Mean Deviation | 1.37 | |||
| Semi Deviation | 1.58 | |||
| Standard Deviation | 1.79 | |||
| Variance | 3.2 | |||
| Downside Variance | 3.58 | |||
| Semi Variance | 2.5 | |||
| Expected Short fall | (1.51) |
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 Solstad Offsho
The number of cover stories for Solstad Offsho depends on current market conditions and Solstad Offsho's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Solstad Offsho is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Solstad Offsho's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Solstad Offsho Short Properties
Solstad Offsho's future price predictability will typically decrease when Solstad Offsho's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Solstad Offsho often depends not only on the future outlook of the potential Solstad Offsho's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Solstad Offsho's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 31.4 M | |
| Cash And Short Term Investments | 2.5 B |
Other Information on Investing in Solstad Stock
Solstad Offsho financial ratios help investors to determine whether Solstad Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Solstad with respect to the benefits of owning Solstad Offsho security.