Dogness International 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 Dogness International works best with periods where there are trends or seasonality.

Dogness International Double Exponential Smoothing Price Forecast For the 26th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Dogness International Corp on the next trading day is expected to be 45.71 with a mean absolute deviation of 2.71, mean absolute percentage error of 12.75, and the sum of the absolute errors of 159.63.

Dogness International Stock Forecast Pattern

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

Predictive Modules for Dogness International

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dogness International. 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 39.26 48.06 56.86 Details

Intrinsic Valuation Low Real High 12.42 21.22 52.77 Details

Bollinger Band Projection (param) Low Middle High 38.75 44.91 51.06 Details

0 Analysts Consensus Low Target High 2.73 3.00 3.33 Details

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

Other Forecasting Options for Dogness International

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

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Dogness International 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 Dogness International'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 Dogness International's current price.

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

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