Hosken Consolidated Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Hosken Consolidated - 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 Hosken Consolidated 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 Hosken Consolidated price movement. However, neither of these exponential smoothing models address any seasonality of Hosken Consolidated.

Hosken Consolidated Triple Exponential Smoothing Price Forecast For the 23rd of November

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Hosken Consolidated Investments on the next trading day is expected to be 19,594 with a mean absolute deviation of 209.35, mean absolute percentage error of 71,811, and the sum of the absolute errors of 12,352.

Hosken Consolidated Stock Forecast Pattern

Backtest Hosken Consolidated

Hosken Consolidated Price Prediction

Buy or Sell Advice

Hosken Consolidated 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 Hosken Consolidated stock data series using in forecasting. Note that when a statistical model is used to represent Hosken Consolidated 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 Hosken Consolidated 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 Hosken Consolidated Investments observations.

Predictive Modules for Hosken Consolidated

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hosken Consolidated. 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 19,523 19,524 19,525 Details

Intrinsic Valuation Low Real High 16,018 16,020 21,476 Details

Bollinger Band Projection (param) Low Middle High 18,279 19,304 20,330 Details

Other Forecasting Options for Hosken Consolidated

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

Hosken Consolidated Related Equities

Risk & Return

Correlation

Hosken Consolidated 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 Hosken Consolidated'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 Hosken Consolidated's current price.

Hosken Consolidated Market Strength Events

Hosken Consolidated Risk Indicators

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.

Other Information on Investing in Hosken Stock