Magnasense Stock Forecast - Triple Exponential Smoothing

MAGNA Stock   0.1  0  4.10%   
The Triple Exponential Smoothing forecasted value of Magnasense AB on the next trading day is expected to be 0.15 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.59. Investors can use prediction functions to forecast Magnasense's stock prices and determine the direction of Magnasense AB's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Magnasense's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
  
Triple exponential smoothing for Magnasense - 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 Magnasense 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 Magnasense price movement. However, neither of these exponential smoothing models address any seasonality of Magnasense AB.

Magnasense Triple Exponential Smoothing Price Forecast For the 13th of December 2024

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Magnasense AB on the next trading day is expected to be 0.09 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.000042, and the sum of the absolute errors of 0.31.
Please note that although there have been many attempts to predict Magnasense 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 Magnasense's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Magnasense Stock Forecast Pattern

Magnasense Forecasted Value

In the context of forecasting Magnasense'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. Magnasense's downside and upside margins for the forecasting period are 0.001 and 4.33, respectively. We have considered Magnasense'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
0.1
0.09
Expected Value
4.33
Upside

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 Magnasense stock data series using in forecasting. Note that when a statistical model is used to represent Magnasense 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 6.0E-4
MADMean absolute deviation0.0052
MAPEMean absolute percentage error0.0308
SAESum of the absolute errors0.3064
As with simple exponential smoothing, in triple exponential smoothing models past Magnasense 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 Magnasense AB observations.

Predictive Modules for Magnasense

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Magnasense 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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Magnasense. Your research has to be compared to or analyzed against Magnasense's peers to derive any actionable benefits. When done correctly, Magnasense's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Magnasense AB.

Other Forecasting Options for Magnasense

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

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

Magnasense 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 Magnasense'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 Magnasense's current price.

Magnasense Market Strength Events

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

Magnasense Risk Indicators

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Magnasense Stock Analysis

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