Element Solutions Stock Forecast - Simple Exponential Smoothing
| PLQ Stock | EUR 24.40 0.40 1.61% |
The Simple Exponential Smoothing forecasted value of Element Solutions on the next trading day is expected to be 24.40 with a mean absolute deviation of 0.34 and the sum of the absolute errors of 20.45. Element Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Element Solutions' historical fundamentals, such as revenue growth or operating cash flow patterns.
Element |
Element Solutions Simple Exponential Smoothing Price Forecast For the 21st of December
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Element Solutions on the next trading day is expected to be 24.40 with a mean absolute deviation of 0.34, mean absolute percentage error of 0.26, and the sum of the absolute errors of 20.45.Please note that although there have been many attempts to predict Element 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 Element Solutions' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Element Solutions Stock Forecast Pattern
| Backtest Element Solutions | Element Solutions Price Prediction | Buy or Sell Advice |
Element Solutions Forecasted Value
In the context of forecasting Element Solutions' 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. Element Solutions' downside and upside margins for the forecasting period are 22.27 and 26.53, respectively. We have considered Element Solutions' 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.
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 Element Solutions stock data series using in forecasting. Note that when a statistical model is used to represent Element Solutions 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.| AIC | Akaike Information Criteria | 116.7674 |
| Bias | Arithmetic mean of the errors | -0.0077 |
| MAD | Mean absolute deviation | 0.3352 |
| MAPE | Mean absolute percentage error | 0.0132 |
| SAE | Sum of the absolute errors | 20.45 |
Predictive Modules for Element Solutions
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Element Solutions. 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.Other Forecasting Options for Element Solutions
For every potential investor in Element, whether a beginner or expert, Element Solutions' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Element Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Element. Basic forecasting techniques help filter out the noise by identifying Element Solutions' price trends.Element Solutions 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 Element Solutions stock to make a market-neutral strategy. Peer analysis of Element Solutions could also be used in its relative valuation, which is a method of valuing Element Solutions by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Element Solutions 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 Element Solutions' 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 Element Solutions' current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
Element Solutions Market Strength Events
Market strength indicators help investors to evaluate how Element Solutions stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Element Solutions shares will generate the highest return on investment. By undertsting and applying Element Solutions stock market strength indicators, traders can identify Element Solutions entry and exit signals to maximize returns.
Element Solutions Risk Indicators
The analysis of Element Solutions' 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 Element Solutions' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting element 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.
| Mean Deviation | 1.39 | |||
| Semi Deviation | 1.11 | |||
| Standard Deviation | 2.08 | |||
| Variance | 4.33 | |||
| Downside Variance | 2.01 | |||
| Semi Variance | 1.23 | |||
| Expected Short fall | (2.10) |
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.
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Additional Information and Resources on Investing in Element Stock
When determining whether Element Solutions offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Element Solutions' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Element Solutions Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Element Solutions Stock:Check out Historical Fundamental Analysis of Element Solutions to cross-verify your projections. For more detail on how to invest in Element Stock please use our How to Invest in Element Solutions guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.