Safety Shot Stock Forecast - Simple Exponential Smoothing

SHOT Stock   0.72  0.04  5.88%   
The Simple Exponential Smoothing forecasted value of Safety Shot on the next trading day is expected to be 0.72 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.15. Safety Stock Forecast is based on your current time horizon.
  
Receivables Turnover is likely to gain to 45.08 in 2024, whereas Inventory Turnover is likely to drop 0.14 in 2024. . Common Stock Shares Outstanding is likely to drop to about 19.4 M in 2024. Net Loss is likely to gain to about (24 M) in 2024.
Safety Shot 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 Safety Shot are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Safety Shot prices get older.

Safety Shot Simple Exponential Smoothing Price Forecast For the 21st of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Safety Shot on the next trading day is expected to be 0.72 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.15.
Please note that although there have been many attempts to predict Safety 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 Safety Shot's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Safety Shot Stock Forecast Pattern

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Safety Shot Forecasted Value

In the context of forecasting Safety Shot'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. Safety Shot's downside and upside margins for the forecasting period are 0.01 and 5.43, respectively. We have considered Safety Shot'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
0.72
0.72
Expected Value
5.43
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 Safety Shot stock data series using in forecasting. Note that when a statistical model is used to represent Safety Shot 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 Criteria110.0471
BiasArithmetic mean of the errors 0.0078
MADMean absolute deviation0.0358
MAPEMean absolute percentage error0.0363
SAESum of the absolute errors2.15
This simple exponential smoothing model begins by setting Safety Shot forecast for the second period equal to the observation of the first period. In other words, recent Safety Shot observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Safety Shot

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Safety Shot. 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
LowEstimatedHigh
0.030.645.25
Details
Intrinsic
Valuation
LowRealHigh
0.030.655.26
Details

Other Forecasting Options for Safety Shot

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

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

Safety Shot Technical and Predictive Analytics

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

Safety Shot Market Strength Events

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

Safety Shot Risk Indicators

The analysis of Safety Shot'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 Safety Shot's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting safety 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Safety Stock Analysis

When running Safety Shot's price analysis, check to measure Safety Shot's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Safety Shot is operating at the current time. Most of Safety Shot's value examination focuses on studying past and present price action to predict the probability of Safety Shot's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Safety Shot's price. Additionally, you may evaluate how the addition of Safety Shot to your portfolios can decrease your overall portfolio volatility.