Frontline Stock Forecast - Triple Exponential Smoothing
| FRO Stock | NOK 216.80 0.50 0.23% |
The Triple Exponential Smoothing forecasted value of Frontline on the next trading day is expected to be 216.51 with a mean absolute deviation of 3.95 and the sum of the absolute errors of 233.10. Frontline Stock Forecast is based on your current time horizon.
Frontline |
Frontline Triple Exponential Smoothing Price Forecast For the 24th of November
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Frontline on the next trading day is expected to be 216.51 with a mean absolute deviation of 3.95, mean absolute percentage error of 27.44, and the sum of the absolute errors of 233.10.Please note that although there have been many attempts to predict Frontline 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 Frontline's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Frontline Stock Forecast Pattern
| Backtest Frontline | Frontline Price Prediction | Buy or Sell Advice |
Frontline Forecasted Value
In the context of forecasting Frontline'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. Frontline's downside and upside margins for the forecasting period are 214.28 and 218.74, respectively. We have considered Frontline'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.
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 Frontline stock data series using in forecasting. Note that when a statistical model is used to represent Frontline 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 | -0.3957 |
| MAD | Mean absolute deviation | 3.9509 |
| MAPE | Mean absolute percentage error | 0.0169 |
| SAE | Sum of the absolute errors | 233.1027 |
Predictive Modules for Frontline
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Frontline. 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.Other Forecasting Options for Frontline
For every potential investor in Frontline, whether a beginner or expert, Frontline's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Frontline Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Frontline. Basic forecasting techniques help filter out the noise by identifying Frontline's price trends.Frontline 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 Frontline stock to make a market-neutral strategy. Peer analysis of Frontline could also be used in its relative valuation, which is a method of valuing Frontline by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Frontline 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 Frontline'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 Frontline's current price.| Cycle Indicators | ||
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| Volume Indicators |
Frontline Market Strength Events
Market strength indicators help investors to evaluate how Frontline stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Frontline shares will generate the highest return on investment. By undertsting and applying Frontline stock market strength indicators, traders can identify Frontline entry and exit signals to maximize returns.
Frontline Risk Indicators
The analysis of Frontline'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 Frontline's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting frontline 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 | 1.68 | |||
| Standard Deviation | 2.23 | |||
| Variance | 4.96 |
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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When determining whether Frontline offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Frontline's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Frontline Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Frontline Stock:Check out Historical Fundamental Analysis of Frontline to cross-verify your projections. For more information on how to buy Frontline Stock please use our How to buy in Frontline Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.