Othania Invest Fund Forecast - Double Exponential Smoothing

Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Othania Invest works best with periods where there are trends or seasonality.

Othania Invest Double Exponential Smoothing Price Forecast For the 14th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Othania Invest on the next trading day is expected to be 5,473 with a mean absolute deviation of 30.54, mean absolute percentage error of 1,720, and the sum of the absolute errors of 1,802.

Othania Invest Fund Forecast Pattern

Othania Invest Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Othania Invest fund data series using in forecasting. Note that when a statistical model is used to represent Othania Invest 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. When Othania Invest 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 Othania Invest trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Othania Invest observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Othania Invest

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

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

Othania Invest Related Equities

Risk & Return

Correlation

Othania Invest 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 Othania Invest'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 Othania Invest's current price.

Othania Invest Market Strength Events

Othania Invest Risk Indicators

Pair Trading with Othania Invest

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 Othania Invest 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 Othania Invest will appreciate offsetting losses from the drop in the long position's value.