Abbott Laboratories Stock Forecast - Triple Exponential Smoothing

ABT Stock  USD 117.26  1.33  1.15%   
The Triple Exponential Smoothing forecasted value of Abbott Laboratories on the next trading day is expected to be 117.41 with a mean absolute deviation of 1.02 and the sum of the absolute errors of 60.25. Abbott Stock Forecast is based on your current time horizon.
  
At this time, Abbott Laboratories' Inventory Turnover is comparatively stable compared to the past year. Payables Turnover is likely to gain to 7.33 in 2024, whereas Fixed Asset Turnover is likely to drop 2.64 in 2024. . Net Income Applicable To Common Shares is likely to gain to about 8.4 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 1.3 B in 2024.
Triple exponential smoothing for Abbott Laboratories - 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 Abbott Laboratories 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 Abbott Laboratories price movement. However, neither of these exponential smoothing models address any seasonality of Abbott Laboratories.

Abbott Laboratories Triple Exponential Smoothing Price Forecast For the 23rd of November

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Abbott Laboratories on the next trading day is expected to be 117.41 with a mean absolute deviation of 1.02, mean absolute percentage error of 1.80, and the sum of the absolute errors of 60.25.
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 116.31 and 118.51, 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.
Market Value
117.26
116.31
Downside
117.41
Expected Value
118.51
Upside

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 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.
AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors 0.2018
MADMean absolute deviation1.0211
MAPEMean absolute percentage error0.0088
SAESum of the absolute errors60.2468
As with simple exponential smoothing, in triple exponential smoothing models past Abbott Laboratories 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 Abbott Laboratories observations.

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.
Hype
Prediction
LowEstimatedHigh
116.16117.26118.36
Details
Intrinsic
Valuation
LowRealHigh
96.6897.78128.99
Details
Bollinger
Band Projection (param)
LowMiddleHigh
113.34116.11118.88
Details
27 Analysts
Consensus
LowTargetHigh
100.69110.65122.82
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Abbott Laboratories. Your research has to be compared to or analyzed against Abbott Laboratories' peers to derive any actionable benefits. When done correctly, Abbott Laboratories' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Abbott Laboratories.

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.

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.
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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Abbott Stock Analysis

When running Abbott Laboratories' price analysis, check to measure Abbott Laboratories' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Abbott Laboratories is operating at the current time. Most of Abbott Laboratories' value examination focuses on studying past and present price action to predict the probability of Abbott Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abbott Laboratories' price. Additionally, you may evaluate how the addition of Abbott Laboratories to your portfolios can decrease your overall portfolio volatility.