Baker Hughes Stock Forecast - Simple Exponential Smoothing

68V Stock  EUR 38.50  0.46  1.21%   
The Simple Exponential Smoothing forecasted value of Baker Hughes Co on the next trading day is expected to be 38.50 with a mean absolute deviation of 0.54 and the sum of the absolute errors of 32.65. Baker Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Baker Hughes' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Baker Hughes 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 Baker Hughes Co are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Baker Hughes prices get older.

Baker Hughes Simple Exponential Smoothing Price Forecast For the 24th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Baker Hughes Co on the next trading day is expected to be 38.50 with a mean absolute deviation of 0.54, mean absolute percentage error of 0.57, and the sum of the absolute errors of 32.65.
Please note that although there have been many attempts to predict Baker Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Baker Hughes' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Baker Hughes Stock Forecast Pattern

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Baker Hughes Forecasted Value

In the context of forecasting Baker Hughes' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Baker Hughes' downside and upside margins for the forecasting period are 36.48 and 40.52, respectively. We have considered Baker Hughes' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
38.50
38.50
Expected Value
40.52
Upside

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 Baker Hughes stock data series using in forecasting. Note that when a statistical model is used to represent Baker Hughes 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.
AICAkaike Information Criteria115.7074
BiasArithmetic mean of the errors -0.1142
MADMean absolute deviation0.5442
MAPEMean absolute percentage error0.0146
SAESum of the absolute errors32.65
This simple exponential smoothing model begins by setting Baker Hughes Co forecast for the second period equal to the observation of the first period. In other words, recent Baker Hughes observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Baker Hughes

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Baker Hughes. 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
LowEstimatedHigh
36.0238.0440.06
Details
Intrinsic
Valuation
LowRealHigh
34.2444.3746.39
Details

Other Forecasting Options for Baker Hughes

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

Baker Hughes Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Baker Hughes stock to make a market-neutral strategy. Peer analysis of Baker Hughes could also be used in its relative valuation, which is a method of valuing Baker Hughes by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Baker Hughes 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 Baker Hughes' 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 Baker Hughes' current price.

Baker Hughes Market Strength Events

Market strength indicators help investors to evaluate how Baker Hughes stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Baker Hughes shares will generate the highest return on investment. By undertsting and applying Baker Hughes stock market strength indicators, traders can identify Baker Hughes Co entry and exit signals to maximize returns.

Baker Hughes Risk Indicators

The analysis of Baker Hughes' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Baker Hughes' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting baker stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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Additional Information and Resources on Investing in Baker Stock

When determining whether Baker Hughes is a strong investment it is important to analyze Baker Hughes' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Baker Hughes' future performance. For an informed investment choice regarding Baker Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Baker Hughes to cross-verify your projections.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Please note, there is a significant difference between Baker Hughes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Baker Hughes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baker Hughes' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.