Hexicon AB Stock Forecast - Simple Exponential Smoothing
| HEXI Stock | 0.13 0.01 8.33% |
The Simple Exponential Smoothing forecasted value of Hexicon AB on the next trading day is expected to be 0.13 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.36. Hexicon Stock Forecast is based on your current time horizon.
The value of RSI of Hexicon AB's share price is above 70 at this time. This usually indicates that the stock is becoming overbought or overvalued. The idea behind Relative Strength Index (RSI) is that it helps to track how fast people are buying or selling Hexicon, making its price go up or down. Momentum 75
Buy Stretched
Oversold | Overbought |
Using Hexicon AB hype-based prediction, you can estimate the value of Hexicon AB from the perspective of Hexicon AB response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Hexicon AB on the next trading day is expected to be 0.13 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.36. Hexicon AB after-hype prediction price | SEK 0.13 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Hexicon |
Hexicon AB Additional Predictive Modules
Most predictive techniques to examine Hexicon price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Hexicon using various technical indicators. When you analyze Hexicon charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hexicon AB Simple Exponential Smoothing Price Forecast For the 5th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Hexicon AB on the next trading day is expected to be 0.13 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.000064, and the sum of the absolute errors of 0.36.Please note that although there have been many attempts to predict Hexicon 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 Hexicon AB's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hexicon AB Stock Forecast Pattern
| Backtest Hexicon AB | Hexicon AB Price Prediction | Buy or Sell Advice |
Hexicon AB Forecasted Value
In the context of forecasting Hexicon AB'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. Hexicon AB's downside and upside margins for the forecasting period are 0 and 5.12, respectively. We have considered Hexicon AB'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Hexicon AB stock data series using in forecasting. Note that when a statistical model is used to represent Hexicon AB 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 | 106.6217 |
| Bias | Arithmetic mean of the errors | 0.0017 |
| MAD | Mean absolute deviation | 0.006 |
| MAPE | Mean absolute percentage error | 0.0369 |
| SAE | Sum of the absolute errors | 0.3603 |
Predictive Modules for Hexicon AB
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hexicon AB. 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 Hexicon AB
For every potential investor in Hexicon, whether a beginner or expert, Hexicon AB's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hexicon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hexicon. Basic forecasting techniques help filter out the noise by identifying Hexicon AB's price trends.Hexicon AB 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 Hexicon AB stock to make a market-neutral strategy. Peer analysis of Hexicon AB could also be used in its relative valuation, which is a method of valuing Hexicon AB by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hexicon AB 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 Hexicon AB'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 Hexicon AB's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hexicon AB Market Strength Events
Market strength indicators help investors to evaluate how Hexicon AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hexicon AB shares will generate the highest return on investment. By undertsting and applying Hexicon AB stock market strength indicators, traders can identify Hexicon AB entry and exit signals to maximize returns.
Hexicon AB Risk Indicators
The analysis of Hexicon AB'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 Hexicon AB's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hexicon 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 | 3.64 | |||
| Standard Deviation | 4.99 | |||
| Variance | 24.93 |
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.
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Hexicon Stock Analysis
When running Hexicon AB's price analysis, check to measure Hexicon AB's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hexicon AB is operating at the current time. Most of Hexicon AB's value examination focuses on studying past and present price action to predict the probability of Hexicon AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hexicon AB's price. Additionally, you may evaluate how the addition of Hexicon AB to your portfolios can decrease your overall portfolio volatility.