Byggmstare Anders Stock Forecast - Simple Exponential Smoothing
| AJA-B Stock | SEK 260.00 5.00 1.96% |
The Simple Exponential Smoothing forecasted value of Byggmstare Anders J on the next trading day is expected to be 259.89 with a mean absolute deviation of 2.78 and the sum of the absolute errors of 167.02. Byggmstare Stock Forecast is based on your current time horizon.
Byggmstare |
Byggmstare Anders Simple Exponential Smoothing Price Forecast For the 3rd of December
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Byggmstare Anders J on the next trading day is expected to be 259.89 with a mean absolute deviation of 2.78, mean absolute percentage error of 11.56, and the sum of the absolute errors of 167.02.Please note that although there have been many attempts to predict Byggmstare 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 Byggmstare Anders' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Byggmstare Anders Stock Forecast Pattern
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Byggmstare Anders Forecasted Value
In the context of forecasting Byggmstare Anders' 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. Byggmstare Anders' downside and upside margins for the forecasting period are 258.63 and 261.15, respectively. We have considered Byggmstare Anders' 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 Byggmstare Anders stock data series using in forecasting. Note that when a statistical model is used to represent Byggmstare Anders 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 | 118.7203 |
| Bias | Arithmetic mean of the errors | -0.1141 |
| MAD | Mean absolute deviation | 2.7836 |
| MAPE | Mean absolute percentage error | 0.0105 |
| SAE | Sum of the absolute errors | 167.0173 |
Predictive Modules for Byggmstare Anders
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Byggmstare Anders. 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 Byggmstare Anders
For every potential investor in Byggmstare, whether a beginner or expert, Byggmstare Anders' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Byggmstare Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Byggmstare. Basic forecasting techniques help filter out the noise by identifying Byggmstare Anders' price trends.Byggmstare Anders 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 Byggmstare Anders stock to make a market-neutral strategy. Peer analysis of Byggmstare Anders could also be used in its relative valuation, which is a method of valuing Byggmstare Anders by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Byggmstare Anders 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 Byggmstare Anders' 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 Byggmstare Anders' current price.| Cycle Indicators | ||
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Byggmstare Anders Market Strength Events
Market strength indicators help investors to evaluate how Byggmstare Anders stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Byggmstare Anders shares will generate the highest return on investment. By undertsting and applying Byggmstare Anders stock market strength indicators, traders can identify Byggmstare Anders J entry and exit signals to maximize returns.
Byggmstare Anders Risk Indicators
The analysis of Byggmstare Anders' 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 Byggmstare Anders' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting byggmstare 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 | 1.03 | |||
| Standard Deviation | 1.28 | |||
| Variance | 1.63 |
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 Tools for Byggmstare Stock Analysis
When running Byggmstare Anders' price analysis, check to measure Byggmstare Anders' 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 Byggmstare Anders is operating at the current time. Most of Byggmstare Anders' value examination focuses on studying past and present price action to predict the probability of Byggmstare Anders' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Byggmstare Anders' price. Additionally, you may evaluate how the addition of Byggmstare Anders to your portfolios can decrease your overall portfolio volatility.