Monster Beverage Stock Forecast - Triple Exponential Smoothing

MOB Stock  EUR 52.96  1.54  2.99%   
The Triple Exponential Smoothing forecasted value of Monster Beverage Corp on the next trading day is expected to be 53.17 with a mean absolute deviation of 0.73 and the sum of the absolute errors of 43.81. Monster Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Monster Beverage's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Triple exponential smoothing for Monster Beverage - 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 Monster Beverage 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 Monster Beverage price movement. However, neither of these exponential smoothing models address any seasonality of Monster Beverage Corp.

Monster Beverage Triple Exponential Smoothing Price Forecast For the 27th of November

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Monster Beverage Corp on the next trading day is expected to be 53.17 with a mean absolute deviation of 0.73, mean absolute percentage error of 1.09, and the sum of the absolute errors of 43.81.
Please note that although there have been many attempts to predict Monster 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 Monster Beverage's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Monster Beverage Stock Forecast Pattern

Backtest Monster BeverageMonster Beverage Price PredictionBuy or Sell Advice 

Monster Beverage Forecasted Value

In the context of forecasting Monster Beverage'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. Monster Beverage's downside and upside margins for the forecasting period are 51.13 and 55.20, respectively. We have considered Monster Beverage'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
52.96
53.17
Expected Value
55.20
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 Monster Beverage stock data series using in forecasting. Note that when a statistical model is used to represent Monster Beverage 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 -0.1832
MADMean absolute deviation0.7302
MAPEMean absolute percentage error0.0152
SAESum of the absolute errors43.8131
As with simple exponential smoothing, in triple exponential smoothing models past Monster Beverage 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 Monster Beverage Corp observations.

Predictive Modules for Monster Beverage

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Monster Beverage Corp. 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
50.9352.9654.99
Details
Intrinsic
Valuation
LowRealHigh
47.6659.4761.50
Details

Other Forecasting Options for Monster Beverage

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

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

Monster Beverage Corp 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 Monster Beverage'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 Monster Beverage's current price.

Monster Beverage Market Strength Events

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

Monster Beverage Risk Indicators

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

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Monster Stock

When determining whether Monster Beverage Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Monster Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Monster Beverage Corp Stock. Highlighted below are key reports to facilitate an investment decision about Monster Beverage Corp Stock:
Check out Historical Fundamental Analysis of Monster Beverage to cross-verify your projections.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Please note, there is a significant difference between Monster Beverage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Monster Beverage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Monster Beverage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.