La Comer Stock Forecast - Double Exponential Smoothing

LACOMERUBC  MXN 34.12  0.05  0.15%   
The Double Exponential Smoothing forecasted value of La Comer SAB on the next trading day is expected to be 33.99 with a mean absolute deviation of 0.43 and the sum of the absolute errors of 25.52. LACOMERUBC Stock Forecast is based on your current time horizon.
  
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 La Comer works best with periods where there are trends or seasonality.

La Comer Double Exponential Smoothing Price Forecast For the 14th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of La Comer SAB on the next trading day is expected to be 33.99 with a mean absolute deviation of 0.43, mean absolute percentage error of 0.33, and the sum of the absolute errors of 25.52.
Please note that although there have been many attempts to predict LACOMERUBC 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 La Comer's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

La Comer Stock Forecast Pattern

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La Comer Forecasted Value

In the context of forecasting La Comer'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. La Comer's downside and upside margins for the forecasting period are 32.39 and 35.59, respectively. We have considered La Comer'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.
Market Value
34.12
33.99
Expected Value
35.59
Upside

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 La Comer stock data series using in forecasting. Note that when a statistical model is used to represent La Comer 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.
AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors -0.0992
MADMean absolute deviation0.4325
MAPEMean absolute percentage error0.0119
SAESum of the absolute errors25.5178
When La Comer SAB 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 La Comer SAB 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 La Comer observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for La Comer

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as La Comer SAB. 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
LowEstimatedHigh
32.5234.1235.72
Details
Intrinsic
Valuation
LowRealHigh
27.9629.5637.53
Details

Other Forecasting Options for La Comer

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

La Comer 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 La Comer stock to make a market-neutral strategy. Peer analysis of La Comer could also be used in its relative valuation, which is a method of valuing La Comer by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

La Comer SAB 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 La Comer'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 La Comer's current price.

La Comer Market Strength Events

Market strength indicators help investors to evaluate how La Comer stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading La Comer shares will generate the highest return on investment. By undertsting and applying La Comer stock market strength indicators, traders can identify La Comer SAB entry and exit signals to maximize returns.

La Comer Risk Indicators

The analysis of La Comer'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 La Comer's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lacomerubc 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.
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.

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.

Additional Tools for LACOMERUBC Stock Analysis

When running La Comer's price analysis, check to measure La Comer'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 La Comer is operating at the current time. Most of La Comer's value examination focuses on studying past and present price action to predict the probability of La Comer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move La Comer's price. Additionally, you may evaluate how the addition of La Comer to your portfolios can decrease your overall portfolio volatility.