Tinka Resources Stock Forecast - Simple Exponential Smoothing

TK Stock  CAD 0.1  0.01  5.56%   
The Simple Exponential Smoothing forecasted value of Tinka Resources Limited on the next trading day is expected to be 0.1 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.13. Tinka Stock Forecast is based on your current time horizon.
  
Asset Turnover is likely to climb to 0.03 in 2024, whereas Inventory Turnover is likely to drop 0.000076 in 2024. . Common Stock Shares Outstanding is likely to climb to about 472.5 M in 2024, whereas Net Loss is likely to drop (1.1 M) in 2024.
Tinka Resources 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 Tinka Resources Limited are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Tinka Resources prices get older.

Tinka Resources Simple Exponential Smoothing Price Forecast For the 14th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Tinka Resources Limited on the next trading day is expected to be 0.1 with a mean absolute deviation of 0, mean absolute percentage error of 0.000013, and the sum of the absolute errors of 0.13.
Please note that although there have been many attempts to predict Tinka 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 Tinka Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Tinka Resources Stock Forecast Pattern

Backtest Tinka ResourcesTinka Resources Price PredictionBuy or Sell Advice 

Tinka Resources Forecasted Value

In the context of forecasting Tinka Resources' 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. Tinka Resources' downside and upside margins for the forecasting period are 0.0009 and 4.18, respectively. We have considered Tinka Resources' 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
0.1
0.0009
Downside
0.1
Expected Value
4.18
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 Tinka Resources stock data series using in forecasting. Note that when a statistical model is used to represent Tinka Resources 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 Criteria106.8833
BiasArithmetic mean of the errors 7.0E-4
MADMean absolute deviation0.0021
MAPEMean absolute percentage error0.0199
SAESum of the absolute errors0.1296
This simple exponential smoothing model begins by setting Tinka Resources Limited forecast for the second period equal to the observation of the first period. In other words, recent Tinka Resources observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Tinka Resources

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tinka Resources. 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
0.000.094.11
Details
Intrinsic
Valuation
LowRealHigh
0.000.084.10
Details

Other Forecasting Options for Tinka Resources

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

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

Tinka Resources 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 Tinka Resources' 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 Tinka Resources' current price.

Tinka Resources Market Strength Events

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

Tinka Resources Risk Indicators

The analysis of Tinka Resources' 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 Tinka Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tinka 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.
Explore Investing Ideas  

Additional Tools for Tinka Stock Analysis

When running Tinka Resources' price analysis, check to measure Tinka Resources' 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 Tinka Resources is operating at the current time. Most of Tinka Resources' value examination focuses on studying past and present price action to predict the probability of Tinka Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tinka Resources' price. Additionally, you may evaluate how the addition of Tinka Resources to your portfolios can decrease your overall portfolio volatility.