Channel Well Stock 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 Channel Well works best with periods where there are trends or seasonality.

Channel Well Double Exponential Smoothing Price Forecast For the 9th of January

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Channel Well Technology on the next trading day is expected to be 72.50 with a mean absolute deviation of 0.98, mean absolute percentage error of 1.94, and the sum of the absolute errors of 58.60.

Channel Well Stock Forecast Pattern

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Channel Well Price Prediction

Buy or Sell Advice

Channel Well 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 Channel Well stock data series using in forecasting. Note that when a statistical model is used to represent Channel Well 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. When Channel Well Technology 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 Channel Well Technology 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 Channel Well observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Channel Well

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Channel Well Technology. 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 69.99 72.10 74.21 Details

Intrinsic Valuation Low Real High 60.62 62.73 79.31 Details

Other Forecasting Options for Channel Well

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

Channel Well Related Equities

Risk & Return

Correlation

Channel Well Technology 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 Channel Well'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 Channel Well's current price.

Channel Well Market Strength Events

Channel Well Risk Indicators

Pair Trading with Channel Well

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 Channel Well 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 Channel Well will appreciate offsetting losses from the drop in the long position's value.

Additional Tools for Channel Stock Analysis