Artha Optimum 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 Artha Optimum works best with periods where there are trends or seasonality.

Artha Optimum Double Exponential Smoothing Price Forecast For the 24th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Artha Optimum AS on the next trading day is expected to be 6,040 with a mean absolute deviation of 12.39, mean absolute percentage error of 244.04, and the sum of the absolute errors of 743.61.

Artha Optimum Stock Forecast Pattern

Artha Optimum 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 Artha Optimum stock data series using in forecasting. Note that when a statistical model is used to represent Artha Optimum 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 Artha Optimum AS 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 Artha Optimum AS 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 Artha Optimum observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Artha Optimum

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Artha Optimum AS. 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 6,038 6,038 6,039 Details

Intrinsic Valuation Low Real High 5,718 5,718 6,642 Details

Bollinger Band Projection (param) Low Middle High 5,988 6,018 6,047 Details

Other Forecasting Options for Artha Optimum

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

Artha Optimum Related Equities

Risk & Return

Correlation

Artha Optimum AS 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 Artha Optimum'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 Artha Optimum's current price.

Artha Optimum Market Strength Events

Artha Optimum Risk Indicators

Pair Trading with Artha Optimum

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Artha Optimum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Artha Optimum will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Artha Stock