The Simple Exponential Smoothing forecasted value of YOOMA WELLNESS INC on the next trading day is expected to be 0.0005 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Investors can use prediction functions to forecast YOOMA WELLNESS's stock prices and determine the direction of YOOMA WELLNESS INC's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of YOOMA WELLNESS's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
YOOMA
YOOMA WELLNESS 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 YOOMA WELLNESS INC are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as YOOMA WELLNESS INC prices get older.
YOOMA WELLNESS Simple Exponential Smoothing Price Forecast For the 27th of November
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of YOOMA WELLNESS INC on the next trading day is expected to be 0.0005 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.
Please note that although there have been many attempts to predict YOOMA 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 YOOMA WELLNESS's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
YOOMA WELLNESS Stock Forecast Pattern
YOOMA WELLNESS Forecasted Value
In the context of forecasting YOOMA WELLNESS's 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. YOOMA WELLNESS's downside and upside margins for the forecasting period are 0.0005 and 0.0005, respectively. We have considered YOOMA WELLNESS's 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.
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 YOOMA WELLNESS stock data series using in forecasting. Note that when a statistical model is used to represent YOOMA WELLNESS 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.
AIC
Akaike Information Criteria
-9.223372036854776E14
Bias
Arithmetic mean of the errors
None
MAD
Mean absolute deviation
0.0
MAPE
Mean absolute percentage error
0.0
SAE
Sum of the absolute errors
0.0
This simple exponential smoothing model begins by setting YOOMA WELLNESS INC forecast for the second period equal to the observation of the first period. In other words, recent YOOMA WELLNESS observations are given relatively more weight in forecasting than the older observations.
Predictive Modules for YOOMA WELLNESS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as YOOMA WELLNESS INC. 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.
Other Forecasting Options for YOOMA WELLNESS
For every potential investor in YOOMA, whether a beginner or expert, YOOMA WELLNESS's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. YOOMA Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in YOOMA. Basic forecasting techniques help filter out the noise by identifying YOOMA WELLNESS's price trends.
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 YOOMA WELLNESS stock to make a market-neutral strategy. Peer analysis of YOOMA WELLNESS could also be used in its relative valuation, which is a method of valuing YOOMA WELLNESS by comparing valuation metrics with similar companies.
YOOMA WELLNESS INC 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 YOOMA WELLNESS'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 YOOMA WELLNESS's current price.
Market strength indicators help investors to evaluate how YOOMA WELLNESS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading YOOMA WELLNESS shares will generate the highest return on investment. By undertsting and applying YOOMA WELLNESS stock market strength indicators, traders can identify YOOMA WELLNESS INC entry and exit signals to maximize returns.