PHX Energy OTC Stock Forecast - Simple Exponential Smoothing

PHXHF Stock  USD 6.69  0.04  0.59%   
The Simple Exponential Smoothing forecasted value of PHX Energy Services on the next trading day is expected to be 6.69 with a mean absolute deviation of 0.1 and the sum of the absolute errors of 5.91. PHX OTC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of PHX Energy's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
PHX Energy simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for PHX Energy Services are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as PHX Energy Services prices get older.

PHX Energy Simple Exponential Smoothing Price Forecast For the 16th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of PHX Energy Services on the next trading day is expected to be 6.69 with a mean absolute deviation of 0.1, mean absolute percentage error of 0.02, and the sum of the absolute errors of 5.91.
Please note that although there have been many attempts to predict PHX OTC 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 PHX Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

PHX Energy OTC Stock Forecast Pattern

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PHX Energy Forecasted Value

In the context of forecasting PHX Energy's OTC 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. PHX Energy's downside and upside margins for the forecasting period are 4.67 and 8.71, respectively. We have considered PHX Energy'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
6.69
6.69
Expected Value
8.71
Upside

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 PHX Energy otc stock data series using in forecasting. Note that when a statistical model is used to represent PHX Energy otc 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 Criteria112.3479
BiasArithmetic mean of the errors 0.0059
MADMean absolute deviation0.0985
MAPEMean absolute percentage error0.0143
SAESum of the absolute errors5.9125
This simple exponential smoothing model begins by setting PHX Energy Services forecast for the second period equal to the observation of the first period. In other words, recent PHX Energy observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for PHX Energy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PHX Energy Services. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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
4.676.698.71
Details
Intrinsic
Valuation
LowRealHigh
3.705.727.74
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PHX Energy. Your research has to be compared to or analyzed against PHX Energy's peers to derive any actionable benefits. When done correctly, PHX Energy'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 PHX Energy Services.

Other Forecasting Options for PHX Energy

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

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

PHX Energy Services Technical and Predictive Analytics

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

PHX Energy Market Strength Events

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

PHX Energy Risk Indicators

The analysis of PHX Energy'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 PHX Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting phx otc 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.

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Other Information on Investing in PHX OTC Stock

PHX Energy financial ratios help investors to determine whether PHX OTC 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 PHX with respect to the benefits of owning PHX Energy security.