Thor Explorations Stock Forecast - Triple Exponential Smoothing

Thor Explorations Additional Predictive Modules

Most predictive techniques to examine Thor price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Thor using various technical indicators. When you analyze Thor 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. Triple exponential smoothing for Thor Explorations - 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 Thor Explorations 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 Thor Explorations price movement. However, neither of these exponential smoothing models address any seasonality of Thor Explorations.

Thor Explorations Triple Exponential Smoothing Price Forecast For the 25th of January

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Thor Explorations on the next trading day is expected to be 1.72 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.94.

Thor Explorations Stock Forecast Pattern

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Thor Explorations Forecasted Value

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 Thor Explorations stock data series using in forecasting. Note that when a statistical model is used to represent Thor Explorations 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. As with simple exponential smoothing, in triple exponential smoothing models past Thor Explorations 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 Thor Explorations observations.

Predictive Modules for Thor Explorations

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thor Explorations. 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 Low Estimated High 0.09 1.72 4.99 Details

Intrinsic Valuation Low Real High 0.07 1.48 4.75 Details

Bollinger Band Projection (param) Low Middle High 1.13 1.34 1.56 Details

Earnings Estimates (0) Low Projected EPS High 0 0.01 0.01 Details

Thor Explorations After-Hype Price Prediction Density Analysis

Thor Explorations Estimiated After-Hype Price Volatility

Thor Explorations Stock Price Prediction Analysis

Thor Explorations Hype Timeline

Thor Explorations is at this time traded for 1.71on TSX Venture Exchange of Canada. The entity has historical hype elasticity of 0.01, and average elasticity to hype of competition of 0.05. Thor is estimated to increase in value after the next headline, with the price projected to jump to 1.72 or above. The average volatility of media hype impact on the company the price is over 100%. The price increase on the next news is anticipated to be 0.58%, whereas the daily expected return is at this time at 0.69%. The volatility of related hype on Thor Explorations is about 4302.63%, with the expected price after the next announcement by competition of 1.76. The company reported the revenue of 193.13 M. Net Income was 91.17 M with profit before overhead, payroll, taxes, and interest of 156.32 M. Assuming the 90 days horizon the next estimated press release will be in about 6 days. Check out Historical Fundamental Analysis of Thor Explorations to cross-verify your projections.

Thor Explorations Related Hype Analysis

Other Forecasting Options for Thor Explorations

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

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