Otsuka Information Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Otsuka Information - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Otsuka Information prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in Otsuka Information price movement. However, neither of these exponential smoothing models address any seasonality of Otsuka Information.

Otsuka Information Triple Exponential Smoothing Price Forecast For the 2nd of February

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Otsuka Information Technology on the next trading day is expected to be 167.99 with a mean absolute deviation of 2.92, mean absolute percentage error of 18.08, and the sum of the absolute errors of 172.57.

Otsuka Information Stock Forecast Pattern

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Otsuka Information Price Prediction

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Otsuka Information stock data series using in forecasting. Note that when a statistical model is used to represent Otsuka Information 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. As with simple exponential smoothing, in triple exponential smoothing models past Otsuka Information observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Otsuka Information Technology observations.

Predictive Modules for Otsuka Information

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Otsuka Information. 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 165.36 168.00 170.64 Details

Intrinsic Valuation Low Real High 137.96 140.59 184.80 Details

Bollinger Band Projection (param) Low Middle High 162.10 173.62 185.15 Details

Otsuka Information Related Equities

Risk & Return

Correlation

Otsuka Information Market Strength Events

Otsuka Information Risk Indicators

Pair Trading with Otsuka Information

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Otsuka Information position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Otsuka Information will appreciate offsetting losses from the drop in the long position's value.

Additional Tools for Otsuka Stock Analysis