Hennessy Capital Stock Forecast - Simple Exponential Smoothing

Hennessy Capital simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Hennessy Capital Investment are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Hennessy Capital Inv prices get older.

Hennessy Capital Simple Exponential Smoothing Price Forecast For the 25th of November

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Hennessy Capital Investment on the next trading day is expected to be 10.55 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.06, and the sum of the absolute errors of 6.75.

Hennessy Capital Stock Forecast Pattern

Backtest Hennessy Capital

Hennessy Capital Price Prediction

Buy or Sell Advice

Hennessy Capital Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Hennessy Capital stock data series using in forecasting. Note that when a statistical model is used to represent Hennessy Capital 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. This simple exponential smoothing model begins by setting Hennessy Capital Investment forecast for the second period equal to the observation of the first period. In other words, recent Hennessy Capital observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Hennessy Capital

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hennessy Capital Inv. 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 8.19 10.55 12.91 Details

Intrinsic Valuation Low Real High 6.77 9.13 11.49 Details

Bollinger Band Projection (param) Low Middle High 10.54 10.56 10.58 Details

Other Forecasting Options for Hennessy Capital

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

Hennessy Capital Related Equities

Risk & Return

Correlation

Hennessy Capital Inv 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 Hennessy Capital'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 Hennessy Capital's current price.

Hennessy Capital Market Strength Events

Hennessy Capital Risk Indicators

Additional Tools for Hennessy Stock Analysis