Magyar Bancorp 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 Magyar Bancorp works best with periods where there are trends or seasonality.

Magyar Bancorp Double Exponential Smoothing Price Forecast For the 23rd of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Magyar Bancorp on the next trading day is expected to be 13.34 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.73.

Magyar Bancorp Stock Forecast Pattern

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Magyar Bancorp Price Prediction

Buy or Sell Advice

Magyar Bancorp Forecasted Value

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 Magyar Bancorp stock data series using in forecasting. Note that when a statistical model is used to represent Magyar Bancorp 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 Magyar Bancorp 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 Magyar Bancorp 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 Magyar Bancorp observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Magyar Bancorp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Magyar Bancorp. 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 12.42 13.25 14.08 Details

Intrinsic Valuation Low Real High 11.93 14.78 15.61 Details

Bollinger Band Projection (param) Low Middle High 11.82 12.57 13.31 Details

Other Forecasting Options for Magyar Bancorp

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

Magyar Bancorp Related Equities

Risk & Return

Correlation

Magyar Bancorp 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 Magyar Bancorp'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 Magyar Bancorp's current price.

Magyar Bancorp Market Strength Events

Magyar Bancorp Risk Indicators

Pair Trading with Magyar Bancorp

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 Magyar Bancorp 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 Magyar Bancorp will appreciate offsetting losses from the drop in the long position's value.

Additional Tools for Magyar Stock Analysis