Grupo Aeroportuario Stock Forecast - Double Exponential Smoothing

AEDA Stock  EUR 246.00  2.00  0.82%   
The Double Exponential Smoothing forecasted value of Grupo Aeroportuario del on the next trading day is expected to be 245.92 with a mean absolute deviation of 2.95 and the sum of the absolute errors of 174.32. Grupo Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Grupo Aeroportuario's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Grupo Aeroportuario works best with periods where there are trends or seasonality.

Grupo Aeroportuario Double Exponential Smoothing Price Forecast For the 14th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Grupo Aeroportuario del on the next trading day is expected to be 245.92 with a mean absolute deviation of 2.95, mean absolute percentage error of 17.60, and the sum of the absolute errors of 174.32.
Please note that although there have been many attempts to predict Grupo 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 Grupo Aeroportuario's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Grupo Aeroportuario Stock Forecast Pattern

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Grupo Aeroportuario Forecasted Value

In the context of forecasting Grupo Aeroportuario'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. Grupo Aeroportuario's downside and upside margins for the forecasting period are 244.21 and 247.64, respectively. We have considered Grupo Aeroportuario'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.
Market Value
246.00
244.21
Downside
245.92
Expected Value
247.64
Upside

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 Grupo Aeroportuario stock data series using in forecasting. Note that when a statistical model is used to represent Grupo Aeroportuario 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 0.2067
MADMean absolute deviation2.9545
MAPEMean absolute percentage error0.012
SAESum of the absolute errors174.3171
When Grupo Aeroportuario del 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 Grupo Aeroportuario del trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Grupo Aeroportuario observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Grupo Aeroportuario

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Grupo Aeroportuario del. 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
244.29246.00247.71
Details
Intrinsic
Valuation
LowRealHigh
198.36200.07270.60
Details
Bollinger
Band Projection (param)
LowMiddleHigh
235.22244.62254.01
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Grupo Aeroportuario. Your research has to be compared to or analyzed against Grupo Aeroportuario's peers to derive any actionable benefits. When done correctly, Grupo Aeroportuario's 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 Grupo Aeroportuario del.

Other Forecasting Options for Grupo Aeroportuario

For every potential investor in Grupo, whether a beginner or expert, Grupo Aeroportuario's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Grupo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Grupo. Basic forecasting techniques help filter out the noise by identifying Grupo Aeroportuario's price trends.

Grupo Aeroportuario 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 Grupo Aeroportuario stock to make a market-neutral strategy. Peer analysis of Grupo Aeroportuario could also be used in its relative valuation, which is a method of valuing Grupo Aeroportuario by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Grupo Aeroportuario del 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 Grupo Aeroportuario'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 Grupo Aeroportuario's current price.

Grupo Aeroportuario Market Strength Events

Market strength indicators help investors to evaluate how Grupo Aeroportuario stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grupo Aeroportuario shares will generate the highest return on investment. By undertsting and applying Grupo Aeroportuario stock market strength indicators, traders can identify Grupo Aeroportuario del entry and exit signals to maximize returns.

Grupo Aeroportuario Risk Indicators

The analysis of Grupo Aeroportuario's 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 Grupo Aeroportuario's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting grupo 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.

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Grupo Stock

When determining whether Grupo Aeroportuario del offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Grupo Aeroportuario's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Grupo Aeroportuario Del Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Grupo Aeroportuario Del Stock:
Check out Historical Fundamental Analysis of Grupo Aeroportuario to cross-verify your projections.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Please note, there is a significant difference between Grupo Aeroportuario's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grupo Aeroportuario is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grupo Aeroportuario's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.