Elentec Co Stock Forecast - Simple Exponential Smoothing

Elentec Co 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 Elentec Co are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Elentec Co prices get older.

Elentec Co Simple Exponential Smoothing Price Forecast For the 23rd of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Elentec Co on the next trading day is expected to be 5,070 with a mean absolute deviation of 110.83, mean absolute percentage error of 23,322, and the sum of the absolute errors of 6,650.

Elentec Co Stock Forecast Pattern

Backtest Elentec Co

Elentec Co Price Prediction

Buy or Sell Advice

Elentec Co Forecasted Value

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 Elentec Co stock data series using in forecasting. Note that when a statistical model is used to represent Elentec Co 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. This simple exponential smoothing model begins by setting Elentec Co forecast for the second period equal to the observation of the first period. In other words, recent Elentec Co observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Elentec Co

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elentec Co. 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 5,067 5,070 5,073 Details

Intrinsic Valuation Low Real High 4,311 4,314 5,577 Details

Other Forecasting Options for Elentec Co

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

Elentec Co Related Equities

Risk & Return

Correlation

Elentec Co 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 Elentec Co'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 Elentec Co's current price.

Elentec Co Market Strength Events

Elentec Co Risk Indicators

Pair Trading with Elentec Co

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elentec Co position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elentec Co will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Elentec Stock