Adecco Group Stock Forecast - Double Exponential Smoothing
| ADIA Stock | 12.30 0.00 0.00% |
Adecco |
Adecco Group Double Exponential Smoothing Price Forecast For the 12th of December 2024
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Adecco Group AG on the next trading day is expected to be 12.28 with a mean absolute deviation of 0.21, mean absolute percentage error of 0.07, and the sum of the absolute errors of 12.23.Please note that although there have been many attempts to predict Adecco 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 Adecco Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Adecco Group Stock Forecast Pattern
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Adecco Group stock data series using in forecasting. Note that when a statistical model is used to represent Adecco Group 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.0314 |
| MAD | Mean absolute deviation | 0.2073 |
| MAPE | Mean absolute percentage error | 0.0148 |
| SAE | Sum of the absolute errors | 12.23 |
Predictive Modules for Adecco Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Adecco Group AG. 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.Adecco Group 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 Adecco Group stock to make a market-neutral strategy. Peer analysis of Adecco Group could also be used in its relative valuation, which is a method of valuing Adecco Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Adecco Group Market Strength Events
Market strength indicators help investors to evaluate how Adecco Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Adecco Group shares will generate the highest return on investment. By undertsting and applying Adecco Group stock market strength indicators, traders can identify Adecco Group AG entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0081 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 12.35 | |||
| Day Typical Price | 12.33 | |||
| Market Facilitation Index | 0.1 | |||
| Price Action Indicator | (0.05) |
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Additional Tools for Adecco Stock Analysis
When running Adecco Group's price analysis, check to measure Adecco Group's 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 Adecco Group is operating at the current time. Most of Adecco Group's value examination focuses on studying past and present price action to predict the probability of Adecco Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adecco Group's price. Additionally, you may evaluate how the addition of Adecco Group to your portfolios can decrease your overall portfolio volatility.