Coronation Equity Fund Forecast - Simple Exponential Smoothing

Coronation Equity 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 Coronation Equity are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Coronation Equity prices get older.

Coronation Equity Simple Exponential Smoothing Price Forecast For the 17th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Coronation Equity on the next trading day is expected to be 290.70 with a mean absolute deviation of 1.38, mean absolute percentage error of 2.97, and the sum of the absolute errors of 82.97.

Coronation Equity Fund Forecast Pattern

Coronation Equity 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 Coronation Equity fund data series using in forecasting. Note that when a statistical model is used to represent Coronation Equity fund, 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 Coronation Equity forecast for the second period equal to the observation of the first period. In other words, recent Coronation Equity observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Coronation Equity

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Coronation Equity. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the fund 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 Coronation Equity

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

Coronation Equity Related Equities

Risk & Return

Correlation

Coronation Equity Technical and Predictive Analytics

The fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Coronation Equity'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 Coronation Equity's current price.

Coronation Equity Market Strength Events

Coronation Equity Risk Indicators

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.