Strattec Security Stock Forecast - Triple Exponential Smoothing

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. Triple exponential smoothing for Strattec Security - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Strattec Security prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in Strattec Security price movement. However, neither of these exponential smoothing models address any seasonality of Strattec Security.

Strattec Security Triple Exponential Smoothing Price Forecast For the 24th of January

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Strattec Security on the next trading day is expected to be 80.63 with a mean absolute deviation of 1.83, mean absolute percentage error of 5.39, and the sum of the absolute errors of 108.04.

Strattec Security Stock Forecast Pattern

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Strattec Security Price Prediction

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Strattec Security Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple 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. As with simple exponential smoothing, in triple exponential smoothing models past Strattec Security observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Strattec Security observations.

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.

Hype Prediction Low Estimated High 76.24 79.58 82.92 Details

Intrinsic Valuation Low Real High 72.26 75.60 87.54 Details

Bollinger Band Projection (param) Low Middle High 74.64 79.32 84.01 Details

1 Analysts Consensus Low Target High 80.99 89.00 98.79 Details

Strattec Security After-Hype Price Prediction Density Analysis

Strattec Security Estimiated After-Hype Price Volatility

Strattec Security Stock Price Prediction Analysis

Strattec Security Hype Timeline

Strattec Security is at this time traded for 79.58. The entity has historical hype elasticity of -0.24, and average elasticity to hype of competition of 0.06. Strattec is projected not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is projected to be very small, whereas the daily expected return is at this time at 0.35%. %. The volatility of related hype on Strattec Security is about 1845.3%, with the expected price after the next announcement by competition of 79.64. About 83.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.48. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Strattec Security has Price/Earnings To Growth (PEG) ratio of 1.39. The entity recorded earning per share (EPS) of 5.73. The firm last dividend was issued on the 12th of March 2020. Given the investment horizon of 90 days the next projected press release will be in about 9 days. Check out Historical Fundamental Analysis of Strattec Security to cross-verify your projections. For more information on how to buy Strattec Stock please use our How to Invest in Strattec Security guide.

Strattec Security Related Hype Analysis

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

Risk & Return

Correlation

Strattec Security Market Strength Events

Strattec Security Risk Indicators

Story Coverage note for Strattec Security

Strattec Security Short Properties

Additional Tools for Strattec Stock Analysis