Etron Technology 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 Etron Technology works best with periods where there are trends or seasonality.

Etron Technology Double Exponential Smoothing Price Forecast For the 29th of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Etron Technology on the next trading day is expected to be 37.06 with a mean absolute deviation of 0.78, mean absolute percentage error of 0.83, and the sum of the absolute errors of 46.57.

Etron Technology Stock Forecast Pattern

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Etron Technology Price Prediction

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

Predictive Modules for Etron Technology

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Etron 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 34.44 36.75 39.06 Details

Intrinsic Valuation Low Real High 28.31 30.62 40.43 Details

Other Forecasting Options for Etron Technology

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

Etron Technology Related Equities

Risk & Return

Correlation

Etron 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 Etron Technology'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 Etron Technology's current price.

Etron Technology Market Strength Events

Etron Technology Risk Indicators

Pair Trading with Etron Technology

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 Etron Technology 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 Etron Technology will appreciate offsetting losses from the drop in the long position's value.

Additional Tools for Etron Stock Analysis