Cedergrenska Stock Forecast - Double Exponential Smoothing
| CEDER Stock | 48.00 0.60 1.23% |
The Double Exponential Smoothing forecasted value of Cedergrenska AB on the next trading day is expected to be 48.19 with a mean absolute deviation of 0.73 and the sum of the absolute errors of 43.89. Cedergrenska Stock Forecast is based on your current time horizon.
At this time, The value of RSI of Cedergrenska's share price is at 55 suggesting that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Cedergrenska, making its price go up or down. Momentum 55
Impartial
Oversold | Overbought |
Using Cedergrenska hype-based prediction, you can estimate the value of Cedergrenska AB from the perspective of Cedergrenska response to recently generated media hype and the effects of current headlines on its competitors.
The Double Exponential Smoothing forecasted value of Cedergrenska AB on the next trading day is expected to be 48.19 with a mean absolute deviation of 0.73 and the sum of the absolute errors of 43.89. Cedergrenska after-hype prediction price | SEK 48.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Cedergrenska |
Cedergrenska Additional Predictive Modules
Most predictive techniques to examine Cedergrenska price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Cedergrenska using various technical indicators. When you analyze Cedergrenska charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Overlap Studies | ||
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| Volatility Indicators | ||
| Volume Indicators |
Cedergrenska Double Exponential Smoothing Price Forecast For the 7th of January
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Cedergrenska AB on the next trading day is expected to be 48.19 with a mean absolute deviation of 0.73, mean absolute percentage error of 1.09, and the sum of the absolute errors of 43.89.Please note that although there have been many attempts to predict Cedergrenska 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 Cedergrenska's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cedergrenska Stock Forecast Pattern
| Backtest Cedergrenska | Cedergrenska Price Prediction | Buy or Sell Advice |
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 Cedergrenska stock data series using in forecasting. Note that when a statistical model is used to represent Cedergrenska 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 | -0.1515 |
| MAD | Mean absolute deviation | 0.7314 |
| MAPE | Mean absolute percentage error | 0.0178 |
| SAE | Sum of the absolute errors | 43.8858 |
Predictive Modules for Cedergrenska
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cedergrenska AB. 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.Cedergrenska 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 Cedergrenska stock to make a market-neutral strategy. Peer analysis of Cedergrenska could also be used in its relative valuation, which is a method of valuing Cedergrenska by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cedergrenska Market Strength Events
Market strength indicators help investors to evaluate how Cedergrenska stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cedergrenska shares will generate the highest return on investment. By undertsting and applying Cedergrenska stock market strength indicators, traders can identify Cedergrenska AB entry and exit signals to maximize returns.
Cedergrenska Risk Indicators
The analysis of Cedergrenska'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 Cedergrenska's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cedergrenska 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 | 1.57 | |||
| Semi Deviation | 1.44 | |||
| Standard Deviation | 2.3 | |||
| Variance | 5.31 | |||
| Downside Variance | 3.43 | |||
| Semi Variance | 2.08 | |||
| Expected Short fall | (2.03) |
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 Cedergrenska Stock Analysis
When running Cedergrenska's price analysis, check to measure Cedergrenska'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 Cedergrenska is operating at the current time. Most of Cedergrenska's value examination focuses on studying past and present price action to predict the probability of Cedergrenska's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cedergrenska's price. Additionally, you may evaluate how the addition of Cedergrenska to your portfolios can decrease your overall portfolio volatility.