Kimbell Royalty Stock Forecast - Double Exponential Smoothing

Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Kimbell Royalty works best with periods where there are trends or seasonality.

Kimbell Royalty Double Exponential Smoothing Price Forecast For the 27th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Kimbell Royalty Partners on the next trading day is expected to be 15.89 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 7.87.

Kimbell Royalty Stock Forecast Pattern

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Kimbell Royalty stock data series using in forecasting. Note that when a statistical model is used to represent Kimbell Royalty 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. When Kimbell Royalty Partners 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 Kimbell Royalty Partners trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Kimbell Royalty observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Kimbell Royalty

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kimbell Royalty Partners. 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 14.86 15.92 16.98 Details

Intrinsic Valuation Low Real High 14.31 19.04 20.10 Details

6 Analysts Consensus Low Target High 20.32 22.33 24.79 Details

Earnings Estimates (0) Low Projected EPS High 0.13 0.15 0.17 Details

Other Forecasting Options for Kimbell Royalty

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

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Kimbell Royalty Partners 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 Kimbell Royalty'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 Kimbell Royalty's current price.

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Pair Trading with Kimbell Royalty

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kimbell Royalty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kimbell Royalty will appreciate offsetting losses from the drop in the long position's value.

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