SUNBIRD HOTELS Stock Forecast - Simple Exponential Smoothing

SUNBIRD Stock   240.03  0.00  0.00%   
The Simple Exponential Smoothing forecasted value of SUNBIRD HOTELS TOURISM on the next trading day is expected to be 240.03 with a mean absolute deviation of 0.27 and the sum of the absolute errors of 15.95. Investors can use prediction functions to forecast SUNBIRD HOTELS's stock prices and determine the direction of SUNBIRD HOTELS TOURISM's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of SUNBIRD HOTELS's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
  
SUNBIRD HOTELS simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for SUNBIRD HOTELS TOURISM are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as SUNBIRD HOTELS TOURISM prices get older.

SUNBIRD HOTELS Simple Exponential Smoothing Price Forecast For the 29th of November

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of SUNBIRD HOTELS TOURISM on the next trading day is expected to be 240.03 with a mean absolute deviation of 0.27, mean absolute percentage error of 3.74, and the sum of the absolute errors of 15.95.
Please note that although there have been many attempts to predict SUNBIRD 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 SUNBIRD HOTELS's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

SUNBIRD HOTELS Stock Forecast Pattern

SUNBIRD HOTELS Forecasted Value

In the context of forecasting SUNBIRD HOTELS'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. SUNBIRD HOTELS's downside and upside margins for the forecasting period are 239.19 and 240.87, respectively. We have considered SUNBIRD HOTELS'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.
Market Value
240.03
239.19
Downside
240.03
Expected Value
240.87
Upside

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 SUNBIRD HOTELS stock data series using in forecasting. Note that when a statistical model is used to represent SUNBIRD HOTELS 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.
AICAkaike Information Criteria117.5929
BiasArithmetic mean of the errors -0.2658
MADMean absolute deviation0.2658
MAPEMean absolute percentage error0.0011
SAESum of the absolute errors15.95
This simple exponential smoothing model begins by setting SUNBIRD HOTELS TOURISM forecast for the second period equal to the observation of the first period. In other words, recent SUNBIRD HOTELS observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for SUNBIRD HOTELS

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SUNBIRD HOTELS TOURISM. 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 SUNBIRD HOTELS

For every potential investor in SUNBIRD, whether a beginner or expert, SUNBIRD HOTELS's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SUNBIRD Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SUNBIRD. Basic forecasting techniques help filter out the noise by identifying SUNBIRD HOTELS's price trends.

SUNBIRD HOTELS 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 SUNBIRD HOTELS stock to make a market-neutral strategy. Peer analysis of SUNBIRD HOTELS could also be used in its relative valuation, which is a method of valuing SUNBIRD HOTELS by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

SUNBIRD HOTELS TOURISM 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 SUNBIRD HOTELS'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 SUNBIRD HOTELS's current price.

SUNBIRD HOTELS Market Strength Events

Market strength indicators help investors to evaluate how SUNBIRD HOTELS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SUNBIRD HOTELS shares will generate the highest return on investment. By undertsting and applying SUNBIRD HOTELS stock market strength indicators, traders can identify SUNBIRD HOTELS TOURISM entry and exit signals to maximize returns.

SUNBIRD HOTELS Risk Indicators

The analysis of SUNBIRD HOTELS'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 SUNBIRD HOTELS's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sunbird 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.
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.

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.