Strattec Security Stock Forecast - Simple Exponential Smoothing
| STRT Stock | USD 75.95 0.98 1.31% |
The Simple Exponential Smoothing forecasted value of Strattec Security on the next trading day is expected to be 75.78 with a mean absolute deviation of 1.60 and the sum of the absolute errors of 95.79. Strattec Stock Forecast is based on your current time horizon.
The relative strength index (RSI) of Strattec Security's stock price is slightly above 61. This usually implies that the stock is rather overbought by investors at this time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Strattec, making its price go up or down. Momentum 61
Buy Extended
Oversold | Overbought |
Quarterly Earnings Growth 1.25 | EPS Estimate Next Quarter 0.99 | EPS Estimate Current Year 5.4 | EPS Estimate Next Year 5.79 | Wall Street Target Price 89 |
Using Strattec Security hype-based prediction, you can estimate the value of Strattec Security from the perspective of Strattec Security response to recently generated media hype and the effects of current headlines on its competitors.
Strattec Security Hype to Price Pattern
Investor biases related to Strattec Security's public news can be used to forecast risks associated with an investment in Strattec. The trend in average sentiment can be used to explain how an investor holding Strattec can time the market purely based on public headlines and social activities around Strattec Security. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Strattec Security's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Strattec Security.
The Simple Exponential Smoothing forecasted value of Strattec Security on the next trading day is expected to be 75.78 with a mean absolute deviation of 1.60 and the sum of the absolute errors of 95.79. Strattec Security after-hype prediction price | USD 75.61 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Strattec Security to cross-verify your projections. Strattec Security Additional Predictive Modules
Most predictive techniques to examine Strattec price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Strattec using various technical indicators. When you analyze Strattec charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Strattec Security Simple Exponential Smoothing Price Forecast For the 8th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Strattec Security on the next trading day is expected to be 75.78 with a mean absolute deviation of 1.60, mean absolute percentage error of 4.43, and the sum of the absolute errors of 95.79.Please note that although there have been many attempts to predict Strattec 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 Strattec Security's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Strattec Security Stock Forecast Pattern
| Backtest Strattec Security | Strattec Security Price Prediction | Buy or Sell Advice |
Strattec Security Forecasted Value
In the context of forecasting Strattec Security'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. Strattec Security's downside and upside margins for the forecasting period are 72.45 and 79.11, respectively. We have considered Strattec Security'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 Strattec Security stock data series using in forecasting. Note that when a statistical model is used to represent Strattec Security 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 | 117.7612 |
| Bias | Arithmetic mean of the errors | -0.2709 |
| MAD | Mean absolute deviation | 1.5964 |
| MAPE | Mean absolute percentage error | 0.0227 |
| SAE | Sum of the absolute errors | 95.7852 |
Predictive Modules for Strattec Security
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Strattec Security. 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 Strattec Security
For every potential investor in Strattec, whether a beginner or expert, Strattec Security's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Strattec Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Strattec. Basic forecasting techniques help filter out the noise by identifying Strattec Security's price trends.Strattec Security 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 Strattec Security stock to make a market-neutral strategy. Peer analysis of Strattec Security could also be used in its relative valuation, which is a method of valuing Strattec Security by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Strattec Security 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 Strattec Security'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 Strattec Security's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Strattec Security Market Strength Events
Market strength indicators help investors to evaluate how Strattec Security stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Strattec Security shares will generate the highest return on investment. By undertsting and applying Strattec Security stock market strength indicators, traders can identify Strattec Security entry and exit signals to maximize returns.
Strattec Security Risk Indicators
The analysis of Strattec Security'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 Strattec Security's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting strattec 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 | 2.41 | |||
| Semi Deviation | 2.85 | |||
| Standard Deviation | 3.28 | |||
| Variance | 10.75 | |||
| Downside Variance | 8.82 | |||
| Semi Variance | 8.12 | |||
| Expected Short fall | (2.76) |
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 Tools for Strattec Stock Analysis
When running Strattec Security's price analysis, check to measure Strattec Security'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 Strattec Security is operating at the current time. Most of Strattec Security's value examination focuses on studying past and present price action to predict the probability of Strattec Security's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Strattec Security's price. Additionally, you may evaluate how the addition of Strattec Security to your portfolios can decrease your overall portfolio volatility.