Tor Minerals OTC Stock Forecast - Simple Exponential Smoothing

TORM
 Stock
  

USD 2.72  0.29  11.93%   

Tor Minerals OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Tor Minerals historical stock prices and determine the direction of Tor Minerals Intl's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Tor Minerals historical fundamentals such as revenue growth or operating cash flow patterns.
Additionally, take a look at Historical Fundamental Analysis of Tor Minerals to cross-verify your projections.
  
Most investors in Tor Minerals cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Tor Minerals' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Tor Minerals' price structures and extracts relationships that further increase the generated results' accuracy.
Tor Minerals 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 Tor Minerals Intl are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Tor Minerals Intl prices get older.

Tor Minerals Simple Exponential Smoothing Price Forecast For the 1st of October

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Tor Minerals Intl on the next trading day is expected to be 2.56 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.028163, and the sum of the absolute errors of 6.54.
Please note that although there have been many attempts to predict Tor Minerals 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 Tor Minerals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Tor Minerals OTC Stock Forecast Pattern

Backtest Tor MineralsTor Minerals Price PredictionBuy or Sell Advice 

Tor Minerals Forecasted Value

In the context of forecasting Tor Minerals' 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. Tor Minerals' downside and upside margins for the forecasting period are 0.0272 and 10.60, respectively. We have considered Tor Minerals' 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 2.72
0.0272
Downside
2.56
Expected Value
10.60
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 Tor Minerals otc stock data series using in forecasting. Note that when a statistical model is used to represent Tor Minerals 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 Criteria112.7029
BiasArithmetic mean of the errors -0.0113
MADMean absolute deviation0.109
MAPEMean absolute percentage error0.0441
SAESum of the absolute errors6.5393
This simple exponential smoothing model begins by setting Tor Minerals Intl forecast for the second period equal to the observation of the first period. In other words, recent Tor Minerals observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Tor Minerals

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tor Minerals Intl. Regardless of method or technology, however, to accurately forecast the stock or bond 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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Tor Minerals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Tor Minerals in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.142.7210.77
Details
Intrinsic
Valuation
LowReal ValueHigh
0.112.2410.29
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2.432.592.74
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tor Minerals. Your research has to be compared to or analyzed against Tor Minerals' peers to derive any actionable benefits. When done correctly, Tor Minerals' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Tor Minerals Intl.

Other Forecasting Options for Tor Minerals

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

Tor Minerals 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 Tor Minerals otc stock to make a market-neutral strategy. Peer analysis of Tor Minerals could also be used in its relative valuation, which is a method of valuing Tor Minerals by comparing valuation metrics with similar companies.
Amazon IncAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondMaiden Holdings NorthSeagate Technology HldgsVistra Energy CorpExxon Mobil Corp
 Risk & Return  Correlation

Tor Minerals Intl 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 Tor Minerals' 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 Tor Minerals' current price.

Tor Minerals Market Strength Events

Market strength indicators help investors to evaluate how Tor Minerals 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 Tor Minerals shares will generate the highest return on investment. By undertsting and applying Tor Minerals otc stock market strength indicators, traders can identify Tor Minerals Intl entry and exit signals to maximize returns.

Tor Minerals Risk Indicators

The analysis of Tor Minerals' basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Tor Minerals' investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Tor Minerals stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tor Minerals without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Instant Ratings Now

   

Instant Ratings

Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
All  Next Launch Module

Currently Active Assets on Macroaxis

Additionally, take a look at Historical Fundamental Analysis of Tor Minerals to cross-verify your projections. You can also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for analysis

When running Tor Minerals Intl price analysis, check to measure Tor Minerals' 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 Tor Minerals is operating at the current time. Most of Tor Minerals' value examination focuses on studying past and present price action to predict the probability of Tor Minerals' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Tor Minerals' price. Additionally, you may evaluate how the addition of Tor Minerals to your portfolios can decrease your overall portfolio volatility.
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Is Tor Minerals' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tor Minerals. If investors know Tor Minerals will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tor Minerals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Tor Minerals Intl is measured differently than its book value, which is the value of Tor Minerals that is recorded on the company's balance sheet. Investors also form their own opinion of Tor Minerals' value that differs from its market value or its book value, called intrinsic value, which is Tor Minerals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tor Minerals' market value can be influenced by many factors that don't directly affect Tor Minerals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tor Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine Tor Minerals value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tor Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.