Abbott Laboratories Stock Forecast - Simple Exponential Smoothing
| ABL Stock | EUR 112.24 2.56 2.33% |
The Simple Exponential Smoothing forecasted value of Abbott Laboratories on the next trading day is expected to be 112.00 with a mean absolute deviation of 1.08 and the sum of the absolute errors of 64.92. Abbott Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Abbott Laboratories' historical fundamentals, such as revenue growth or operating cash flow patterns.
Abbott |
Abbott Laboratories Simple Exponential Smoothing Price Forecast For the 24th of November
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Abbott Laboratories on the next trading day is expected to be 112.00 with a mean absolute deviation of 1.08, mean absolute percentage error of 2.06, and the sum of the absolute errors of 64.92.Please note that although there have been many attempts to predict Abbott 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 Abbott Laboratories' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Abbott Laboratories Stock Forecast Pattern
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Abbott Laboratories Forecasted Value
In the context of forecasting Abbott Laboratories' 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. Abbott Laboratories' downside and upside margins for the forecasting period are 110.61 and 113.40, respectively. We have considered Abbott Laboratories' 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.
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 Abbott Laboratories stock data series using in forecasting. Note that when a statistical model is used to represent Abbott Laboratories 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 | 116.9932 |
| Bias | Arithmetic mean of the errors | -0.2445 |
| MAD | Mean absolute deviation | 1.082 |
| MAPE | Mean absolute percentage error | 0.0102 |
| SAE | Sum of the absolute errors | 64.9223 |
Predictive Modules for Abbott Laboratories
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Abbott Laboratories. 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 Abbott Laboratories
For every potential investor in Abbott, whether a beginner or expert, Abbott Laboratories' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Abbott Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Abbott. Basic forecasting techniques help filter out the noise by identifying Abbott Laboratories' price trends.Abbott Laboratories 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 Abbott Laboratories stock to make a market-neutral strategy. Peer analysis of Abbott Laboratories could also be used in its relative valuation, which is a method of valuing Abbott Laboratories by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Abbott Laboratories 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 Abbott Laboratories' 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 Abbott Laboratories' current price.| Cycle Indicators | ||
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Abbott Laboratories Market Strength Events
Market strength indicators help investors to evaluate how Abbott Laboratories stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Abbott Laboratories shares will generate the highest return on investment. By undertsting and applying Abbott Laboratories stock market strength indicators, traders can identify Abbott Laboratories entry and exit signals to maximize returns.
Abbott Laboratories Risk Indicators
The analysis of Abbott Laboratories' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Abbott Laboratories' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting abbott stock prices, 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.
| Mean Deviation | 0.979 | |||
| Semi Deviation | 0.8974 | |||
| Standard Deviation | 1.38 | |||
| Variance | 1.92 | |||
| Downside Variance | 1.14 | |||
| Semi Variance | 0.8054 | |||
| Expected Short fall | (1.17) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Additional Information and Resources on Investing in Abbott Stock
When determining whether Abbott Laboratories is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Abbott Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Abbott Laboratories Stock. Highlighted below are key reports to facilitate an investment decision about Abbott Laboratories Stock:Check out Historical Fundamental Analysis of Abbott Laboratories to cross-verify your projections. For more detail on how to invest in Abbott Stock please use our How to Invest in Abbott Laboratories guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.