Current Forecast of TSX Composite
Units: Stock Price Index, Average of Month. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for TSX Composite
How This Forecast is Produced
The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.
The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components. The decomposed components of the time series are then projected forward in time.
The S&P/TSX Composite Index
The S&P/TSX Composite Index is a Canadian based stock market index. The TSX Composite is based on the stock prices of the largest companies by market cap traded on the Toronto Stock Exchange. The TSX Composite is compiled and maintained by S&P Dow Jones Indices.