First Majestic Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for First Majestic - 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 First Majestic 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 First Majestic price movement. However, neither of these exponential smoothing models address any seasonality of First Majestic Silver.

First Majestic Triple Exponential Smoothing Price Forecast For the 23rd of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of First Majestic Silver on the next trading day is expected to be 5.37 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.06, and the sum of the absolute errors of 11.19.

First Majestic Stock Forecast Pattern

Backtest First Majestic

First Majestic Price Prediction

Buy or Sell Advice

First Majestic Forecasted Value

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 First Majestic stock data series using in forecasting. Note that when a statistical model is used to represent First Majestic 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 First Majestic 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 First Majestic Silver observations.

Predictive Modules for First Majestic

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as First Majestic Silver. 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 1.49 5.40 9.31 Details

Intrinsic Valuation Low Real High 1.00 4.91 8.82 Details

Other Forecasting Options for First Majestic

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

First Majestic Related Equities

Risk & Return

Correlation

First Majestic Silver 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 First Majestic'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 First Majestic's current price.

First Majestic Market Strength Events

First Majestic Risk Indicators

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in First Stock

When determining whether First Majestic Silver is a strong investment it is important to analyze First Majestic'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 First Majestic's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:

How To Invest In First Details

Is First Stock a good investment? Details

What is First Majestic's Net Worth? Details

Largest Metals & Mining Companies View

Largest Materials Companies View

Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

Buy or Sell Advice Details

Technical Analysis Details

Please note, there is a significant difference between First Majestic's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Majestic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Majestic'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.