Atlantic Sapphire Stock Forecast - Double Exponential Smoothing

ASA Stock  NOK 0.08  0.0008  1.00%   
The Double Exponential Smoothing forecasted value of Atlantic Sapphire As on the next trading day is expected to be 0.08 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.06. Atlantic Stock Forecast is based on your current time horizon.
  
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 Atlantic Sapphire works best with periods where there are trends or seasonality.

Atlantic Sapphire Double Exponential Smoothing Price Forecast For the 3rd of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Atlantic Sapphire As on the next trading day is expected to be 0.08 with a mean absolute deviation of 0.02, mean absolute percentage error of 0, and the sum of the absolute errors of 1.06.
Please note that although there have been many attempts to predict Atlantic 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 Atlantic Sapphire's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Atlantic Sapphire Stock Forecast Pattern

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Atlantic Sapphire Forecasted Value

In the context of forecasting Atlantic Sapphire's 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. Atlantic Sapphire's downside and upside margins for the forecasting period are 0.0008 and 26.22, respectively. We have considered Atlantic Sapphire's 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
0.08
0.0008
Downside
0.08
Expected Value
26.22
Upside

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 Atlantic Sapphire stock data series using in forecasting. Note that when a statistical model is used to represent Atlantic Sapphire 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 0.0051
MADMean absolute deviation0.018
MAPEMean absolute percentage error0.0963
SAESum of the absolute errors1.0636
When Atlantic Sapphire As 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 Atlantic Sapphire As 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 Atlantic Sapphire observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Atlantic Sapphire

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Atlantic Sapphire. 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
0.000.0826.22
Details
Intrinsic
Valuation
LowRealHigh
0.000.0826.22
Details

Other Forecasting Options for Atlantic Sapphire

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

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

Atlantic Sapphire 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 Atlantic Sapphire'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 Atlantic Sapphire's current price.

Atlantic Sapphire Market Strength Events

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

Atlantic Sapphire Risk Indicators

The analysis of Atlantic Sapphire's 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 Atlantic Sapphire's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting atlantic 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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Other Information on Investing in Atlantic Stock

Atlantic Sapphire financial ratios help investors to determine whether Atlantic 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 Atlantic with respect to the benefits of owning Atlantic Sapphire security.