Greater Cannabis Pink Sheet Forecast - Double Exponential Smoothing

GCAN Stock  USD 0.0004  0.0001  20.00%   
The Double Exponential Smoothing forecasted value of Greater Cannabis on the next trading day is expected to be 0.0004 with a mean absolute deviation of 0.000048 and the sum of the absolute errors of 0. Greater Pink Sheet Forecast is based on your current time horizon.
  
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Greater Cannabis works best with periods where there are trends or seasonality.

Greater Cannabis Double Exponential Smoothing Price Forecast For the 13th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Greater Cannabis on the next trading day is expected to be 0.0004 with a mean absolute deviation of 0.000048, mean absolute percentage error of 0, and the sum of the absolute errors of 0.
Please note that although there have been many attempts to predict Greater 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 Greater Cannabis' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Greater Cannabis Pink Sheet Forecast Pattern

Backtest Greater CannabisGreater Cannabis Price PredictionBuy or Sell Advice 

Greater Cannabis Forecasted Value

In the context of forecasting Greater Cannabis' 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. Greater Cannabis' downside and upside margins for the forecasting period are 0.000004 and 13.05, respectively. We have considered Greater Cannabis' 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
0.0004
0.000004
Downside
0.0004
Expected Value
13.05
Upside

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 Greater Cannabis pink sheet data series using in forecasting. Note that when a statistical model is used to represent Greater Cannabis 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.
AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0
MAPEMean absolute percentage error0.1003
SAESum of the absolute errors0.0028
When Greater Cannabis 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 Greater Cannabis trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Greater Cannabis observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Greater Cannabis

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Greater Cannabis. 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.
Hype
Prediction
LowEstimatedHigh
0.000.000513.05
Details
Intrinsic
Valuation
LowRealHigh
0.000.000413.05
Details
Bollinger
Band Projection (param)
LowMiddleHigh
0.00040.00040.0004
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Greater Cannabis. Your research has to be compared to or analyzed against Greater Cannabis' peers to derive any actionable benefits. When done correctly, Greater Cannabis' 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 Greater Cannabis.

Other Forecasting Options for Greater Cannabis

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

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

Greater Cannabis 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 Greater Cannabis' 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 Greater Cannabis' current price.

Greater Cannabis Market Strength Events

Market strength indicators help investors to evaluate how Greater Cannabis 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 Greater Cannabis shares will generate the highest return on investment. By undertsting and applying Greater Cannabis pink sheet market strength indicators, traders can identify Greater Cannabis entry and exit signals to maximize returns.

Greater Cannabis Risk Indicators

The analysis of Greater Cannabis' 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 Greater Cannabis' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting greater 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.
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.

Pair Trading with Greater Cannabis

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Greater Cannabis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Greater Cannabis will appreciate offsetting losses from the drop in the long position's value.

Moving against Greater Pink Sheet

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The ability to find closely correlated positions to Greater Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greater Cannabis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Greater Cannabis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Greater Cannabis to buy it.
The correlation of Greater Cannabis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Greater Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greater Cannabis moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Greater Cannabis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Greater Pink Sheet

Greater Cannabis financial ratios help investors to determine whether Greater Pink Sheet 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 Greater with respect to the benefits of owning Greater Cannabis security.