Baker Hughes Stock Forecast - Simple Exponential Smoothing

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 20th 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 39.80 with a mean absolute deviation of 0.51, mean absolute percentage error of 0.65, and the sum of the absolute errors of 30.79.

Baker Hughes Stock Forecast Pattern

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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. 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 Low Estimated High 37.92 39.95 41.98 Details

Intrinsic Valuation Low Real High 35.80 43.82 45.85 Details

27 Analysts Consensus Low Target High 37.01 40.67 45.14 Details

Earnings Estimates (0) Low Projected EPS High 0.56 0.63 0.59 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.

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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.

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Pair Trading with Baker Hughes

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 Baker Hughes 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 Baker Hughes will appreciate offsetting losses from the drop in the long position's value.

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