Greek Organization Stock Forecast - Simple Exponential Smoothing

OPAP Stock  EUR 15.56  0.24  1.52%   
The Simple Exponential Smoothing forecasted value of Greek Organization of on the next trading day is expected to be 15.56 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.64. Greek Stock Forecast is based on your current time horizon.
  
Greek Organization simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Greek Organization of are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Greek Organization prices get older.

Greek Organization Simple Exponential Smoothing Price Forecast For the 27th of November

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Greek Organization of on the next trading day is expected to be 15.56 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.64.
Please note that although there have been many attempts to predict Greek 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 Greek Organization's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Greek Organization Stock Forecast Pattern

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Greek Organization Forecasted Value

In the context of forecasting Greek Organization'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. Greek Organization's downside and upside margins for the forecasting period are 14.51 and 16.61, respectively. We have considered Greek Organization'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
15.56
15.56
Expected Value
16.61
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Greek Organization stock data series using in forecasting. Note that when a statistical model is used to represent Greek Organization 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 Criteria114.3801
BiasArithmetic mean of the errors -0.0085
MADMean absolute deviation0.1089
MAPEMean absolute percentage error0.0071
SAESum of the absolute errors6.64
This simple exponential smoothing model begins by setting Greek Organization of forecast for the second period equal to the observation of the first period. In other words, recent Greek Organization observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Greek Organization

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Greek Organization. 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
14.7515.8016.85
Details
Intrinsic
Valuation
LowRealHigh
11.8712.9217.38
Details
Bollinger
Band Projection (param)
LowMiddleHigh
14.6115.1915.77
Details

Other Forecasting Options for Greek Organization

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

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

Greek Organization 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 Greek Organization'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 Greek Organization's current price.

Greek Organization Market Strength Events

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

Greek Organization Risk Indicators

The analysis of Greek Organization'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 Greek Organization's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting greek 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.
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Additional Tools for Greek Stock Analysis

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