SVENSKA CELLULO Stock Forecast - Simple Exponential Smoothing
| SCA Stock | EUR 15.62 0.00 0.00% |
The Simple Exponential Smoothing forecasted value of SVENSKA CELLULO B on the next trading day is expected to be 15.62 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. SVENSKA Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast SVENSKA CELLULO stock prices and determine the direction of SVENSKA CELLULO B 's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of SVENSKA CELLULO's historical fundamentals, such as revenue growth or operating cash flow patterns.
SVENSKA |
SVENSKA CELLULO Simple Exponential Smoothing Price Forecast For the 12th of December 2024
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of SVENSKA CELLULO B on the next trading day is expected to be 15.62 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict SVENSKA 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 SVENSKA CELLULO's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
SVENSKA CELLULO Stock Forecast Pattern
| Backtest SVENSKA CELLULO | SVENSKA CELLULO Price Prediction | Buy or Sell Advice |
SVENSKA CELLULO Forecasted Value
In the context of forecasting SVENSKA CELLULO'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. SVENSKA CELLULO's downside and upside margins for the forecasting period are 15.62 and 15.62, respectively. We have considered SVENSKA CELLULO'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 SVENSKA CELLULO stock data series using in forecasting. Note that when a statistical model is used to represent SVENSKA CELLULO 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 | -9.223372036854776E14 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for SVENSKA CELLULO
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SVENSKA CELLULO B. 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 SVENSKA CELLULO
For every potential investor in SVENSKA, whether a beginner or expert, SVENSKA CELLULO's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SVENSKA Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SVENSKA. Basic forecasting techniques help filter out the noise by identifying SVENSKA CELLULO's price trends.SVENSKA CELLULO 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 SVENSKA CELLULO stock to make a market-neutral strategy. Peer analysis of SVENSKA CELLULO could also be used in its relative valuation, which is a method of valuing SVENSKA CELLULO by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SVENSKA CELLULO B 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 SVENSKA CELLULO'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 SVENSKA CELLULO's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
SVENSKA CELLULO Market Strength Events
Market strength indicators help investors to evaluate how SVENSKA CELLULO stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SVENSKA CELLULO shares will generate the highest return on investment. By undertsting and applying SVENSKA CELLULO stock market strength indicators, traders can identify SVENSKA CELLULO B entry and exit signals to maximize returns.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in SVENSKA Stock
SVENSKA CELLULO financial ratios help investors to determine whether SVENSKA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SVENSKA with respect to the benefits of owning SVENSKA CELLULO security.