ACL Plastics Stock Forecast - Double Exponential Smoothing

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 ACL Plastics works best with periods where there are trends or seasonality.

ACL Plastics Double Exponential Smoothing Price Forecast For the 27th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of ACL Plastics PLC on the next trading day is expected to be 465.75 with a mean absolute deviation of 3.70, mean absolute percentage error of 25.03, and the sum of the absolute errors of 218.15.

ACL Plastics Stock Forecast Pattern

ACL Plastics Forecasted Value

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 ACL Plastics stock data series using in forecasting. Note that when a statistical model is used to represent ACL Plastics 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. When ACL Plastics PLC 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 ACL Plastics PLC 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 ACL Plastics observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for ACL Plastics

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ACL Plastics PLC. 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 Low Estimated High 462.20 463.50 464.80 Details

Intrinsic Valuation Low Real High 372.71 374.01 509.85 Details

Bollinger Band Projection (param) Low Middle High 451.57 459.35 467.14 Details

Other Forecasting Options for ACL Plastics

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

ACL Plastics Related Equities

Risk & Return

Correlation

ACL Plastics PLC 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 ACL Plastics' 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 ACL Plastics' current price.

ACL Plastics Market Strength Events

ACL Plastics Risk Indicators

Other Information on Investing in ACL Stock