SPROUTS FARMERS Stock Forecast - Simple Exponential Smoothing

SPROUTS FARMERS 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 SPROUTS FARMERS MKT are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as SPROUTS FARMERS MKT prices get older.

SPROUTS FARMERS Simple Exponential Smoothing Price Forecast For the 15th of January 2025

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of SPROUTS FARMERS MKT on the next trading day is expected to be 135.00 with a mean absolute deviation of 1.96, mean absolute percentage error of 9.31, and the sum of the absolute errors of 117.50.

SPROUTS FARMERS Stock Forecast Pattern

Backtest SPROUTS FARMERS

SPROUTS FARMERS Price Prediction

Buy or Sell Advice

SPROUTS FARMERS Forecasted Value

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 SPROUTS FARMERS stock data series using in forecasting. Note that when a statistical model is used to represent SPROUTS FARMERS 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. This simple exponential smoothing model begins by setting SPROUTS FARMERS MKT forecast for the second period equal to the observation of the first period. In other words, recent SPROUTS FARMERS observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for SPROUTS FARMERS

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SPROUTS FARMERS MKT. 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 Low Estimated High 132.54 135.00 137.46 Details

Intrinsic Valuation Low Real High 128.01 130.47 148.50 Details

Bollinger Band Projection (param) Low Middle High 122.59 136.45 150.31 Details

Other Forecasting Options for SPROUTS FARMERS

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

SPROUTS FARMERS Related Equities

Risk & Return

Correlation

SPROUTS FARMERS MKT 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 SPROUTS FARMERS'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 SPROUTS FARMERS's current price.

SPROUTS FARMERS Market Strength Events

SPROUTS FARMERS Risk Indicators

Additional Tools for SPROUTS Stock Analysis