Electromed Stock Forecast - Triple Exponential Smoothing

ELMD Stock  USD 35.14  0.29  0.82%   
The Triple Exponential Smoothing forecasted value of Electromed on the next trading day is expected to be 35.37 with a mean absolute deviation of 0.70 and the sum of the absolute errors of 42.20. Electromed Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Electromed stock prices and determine the direction of Electromed's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Electromed's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
As of January 31, 2025, Inventory Turnover is expected to decline to 2.19. In addition to that, Payables Turnover is expected to decline to 7.22. The current year's Net Income Applicable To Common Shares is expected to grow to about 3.8 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 8.9 M.

Open Interest Against 2025-03-21 Electromed Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Electromed's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Electromed's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Electromed stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Electromed's open interest, investors have to compare it to Electromed's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Electromed is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Electromed. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Triple exponential smoothing for Electromed - 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 Electromed 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 Electromed price movement. However, neither of these exponential smoothing models address any seasonality of Electromed.

Electromed Triple Exponential Smoothing Price Forecast For the 1st of February

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Electromed on the next trading day is expected to be 35.37 with a mean absolute deviation of 0.70, mean absolute percentage error of 0.77, and the sum of the absolute errors of 42.20.
Please note that although there have been many attempts to predict Electromed 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 Electromed's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Electromed Stock Forecast Pattern

Backtest ElectromedElectromed Price PredictionBuy or Sell Advice 

Electromed Forecasted Value

In the context of forecasting Electromed's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Electromed's downside and upside margins for the forecasting period are 32.49 and 38.25, respectively. We have considered Electromed's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
35.14
35.37
Expected Value
38.25
Upside

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 Electromed stock data series using in forecasting. Note that when a statistical model is used to represent Electromed 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.
AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors -0.1282
MADMean absolute deviation0.7033
MAPEMean absolute percentage error0.024
SAESum of the absolute errors42.1952
As with simple exponential smoothing, in triple exponential smoothing models past Electromed 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 Electromed observations.

Predictive Modules for Electromed

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Electromed. 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
LowEstimatedHigh
31.2034.0836.96
Details
Intrinsic
Valuation
LowRealHigh
32.4135.2938.17
Details
Bollinger
Band Projection (param)
LowMiddleHigh
26.2430.6435.04
Details
1 Analysts
Consensus
LowTargetHigh
30.0333.0036.63
Details

Other Forecasting Options for Electromed

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

Electromed 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 Electromed stock to make a market-neutral strategy. Peer analysis of Electromed could also be used in its relative valuation, which is a method of valuing Electromed by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Electromed 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 Electromed'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 Electromed's current price.

Electromed Market Strength Events

Market strength indicators help investors to evaluate how Electromed stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Electromed shares will generate the highest return on investment. By undertsting and applying Electromed stock market strength indicators, traders can identify Electromed entry and exit signals to maximize returns.

Electromed Risk Indicators

The analysis of Electromed'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 Electromed's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting electromed 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.
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.

Also Currently Popular

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.
When determining whether Electromed is a strong investment it is important to analyze Electromed's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Electromed's future performance. For an informed investment choice regarding Electromed Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Electromed to cross-verify your projections.
For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electromed. If investors know Electromed will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electromed listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.809
Earnings Share
0.72
Revenue Per Share
6.39
Quarterly Revenue Growth
0.09
Return On Assets
0.0839
The market value of Electromed is measured differently than its book value, which is the value of Electromed that is recorded on the company's balance sheet. Investors also form their own opinion of Electromed's value that differs from its market value or its book value, called intrinsic value, which is Electromed's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electromed's market value can be influenced by many factors that don't directly affect Electromed's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Electromed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electromed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electromed's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.