Mapfre SA Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Mapfre SA - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Mapfre SA 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 trend in Mapfre SA price movement. However, neither of these exponential smoothing models address any seasonality of Mapfre SA.

Mapfre SA Triple Exponential Smoothing Price Forecast For the 15th of December 2024

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Mapfre SA on the next trading day is expected to be 2.46 with a mean absolute deviation of 0.02, mean absolute percentage error of 0, and the sum of the absolute errors of 1.47.

Mapfre SA Stock Forecast Pattern

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Mapfre SA stock data series using in forecasting. Note that when a statistical model is used to represent Mapfre SA 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. As with simple exponential smoothing, in triple exponential smoothing models past Mapfre SA observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Mapfre SA observations.

Predictive Modules for Mapfre SA

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mapfre SA. 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 0.94 2.46 3.98 Details

Intrinsic Valuation Low Real High 0.59 2.11 3.63 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mapfre SA. Your research has to be compared to or analyzed against Mapfre SA's peers to derive any actionable benefits. When done correctly, Mapfre SA'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 Mapfre SA.

Other Forecasting Options for Mapfre SA

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

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Mapfre SA 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 Mapfre SA'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 Mapfre SA's current price.

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