ZENERGY B Stock Forecast - Double Exponential Smoothing

8T4 Stock  EUR 0.12  0.00  0.00%   
The Double Exponential Smoothing forecasted value of ZENERGY B AB on the next trading day is expected to be 0.11 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.44. ZENERGY Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of ZENERGY B's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
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 ZENERGY B works best with periods where there are trends or seasonality.

ZENERGY B Double Exponential Smoothing Price Forecast For the 6th of March

Given 90 days horizon, the Double Exponential Smoothing forecasted value of ZENERGY B AB on the next trading day is expected to be 0.11 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0001, and the sum of the absolute errors of 0.44.
Please note that although there have been many attempts to predict ZENERGY 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 ZENERGY B's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ZENERGY B Stock Forecast Pattern

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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 ZENERGY B stock data series using in forecasting. Note that when a statistical model is used to represent ZENERGY B 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 CriteriaHuge
BiasArithmetic mean of the errors 0.0011
MADMean absolute deviation0.0074
MAPEMean absolute percentage error0.0464
SAESum of the absolute errors0.4376
When ZENERGY B AB 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 ZENERGY B AB 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 ZENERGY B observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for ZENERGY B

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ZENERGY B AB. 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
0.120.120.12
Details
Intrinsic
Valuation
LowRealHigh
0.120.120.12
Details

ZENERGY B 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 ZENERGY B stock to make a market-neutral strategy. Peer analysis of ZENERGY B could also be used in its relative valuation, which is a method of valuing ZENERGY B by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

ZENERGY B Market Strength Events

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

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Other Information on Investing in ZENERGY Stock

ZENERGY B financial ratios help investors to determine whether ZENERGY Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ZENERGY with respect to the benefits of owning ZENERGY B security.