Boston Beer Stock Forecast - Simple Exponential Smoothing
| SAM Stock | USD 307.18 1.89 0.61% |
The Simple Exponential Smoothing forecasted value of Boston Beer on the next trading day is expected to be 307.18 with a mean absolute deviation of 3.83 and the sum of the absolute errors of 229.98. Boston Stock Forecast is based on your current time horizon. Although Boston Beer's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Boston Beer's systematic risk associated with finding meaningful patterns of Boston Beer fundamentals over time.
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Boston Beer Simple Exponential Smoothing Price Forecast For the 23rd of November
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Boston Beer on the next trading day is expected to be 307.18 with a mean absolute deviation of 3.83, mean absolute percentage error of 22.10, and the sum of the absolute errors of 229.98.Please note that although there have been many attempts to predict Boston 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 Boston Beer's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Boston Beer Stock Forecast Pattern
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Boston Beer Forecasted Value
In the context of forecasting Boston Beer'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. Boston Beer's downside and upside margins for the forecasting period are 305.56 and 308.80, respectively. We have considered Boston Beer'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.
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 Boston Beer stock data series using in forecasting. Note that when a statistical model is used to represent Boston Beer 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 | 119.3682 |
| Bias | Arithmetic mean of the errors | -0.6163 |
| MAD | Mean absolute deviation | 3.833 |
| MAPE | Mean absolute percentage error | 0.0133 |
| SAE | Sum of the absolute errors | 229.98 |
Predictive Modules for Boston Beer
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Boston Beer. 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 Boston Beer
For every potential investor in Boston, whether a beginner or expert, Boston Beer's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Boston Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Boston. Basic forecasting techniques help filter out the noise by identifying Boston Beer's price trends.Boston Beer 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 Boston Beer stock to make a market-neutral strategy. Peer analysis of Boston Beer could also be used in its relative valuation, which is a method of valuing Boston Beer by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Boston Beer 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 Boston Beer'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 Boston Beer's current price.| Cycle Indicators | ||
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Boston Beer Market Strength Events
Market strength indicators help investors to evaluate how Boston Beer stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Boston Beer shares will generate the highest return on investment. By undertsting and applying Boston Beer stock market strength indicators, traders can identify Boston Beer entry and exit signals to maximize returns.
Boston Beer Risk Indicators
The analysis of Boston Beer'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 Boston Beer's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting boston 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 | 1.34 | |||
| Semi Deviation | 1.56 | |||
| Standard Deviation | 1.66 | |||
| Variance | 2.77 | |||
| Downside Variance | 2.97 | |||
| Semi Variance | 2.44 | |||
| Expected Short fall | (1.33) |
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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Is Beverages space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Boston Beer. If investors know Boston will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Boston Beer listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.23) | Earnings Share 6.8 | Revenue Per Share 168.094 | Quarterly Revenue Growth 0.006 | Return On Assets 0.0664 |
The market value of Boston Beer is measured differently than its book value, which is the value of Boston that is recorded on the company's balance sheet. Investors also form their own opinion of Boston Beer's value that differs from its market value or its book value, called intrinsic value, which is Boston Beer's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Boston Beer's market value can be influenced by many factors that don't directly affect Boston Beer's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Boston Beer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boston Beer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boston Beer'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.