Brederode Stock Forecast - Triple Exponential Smoothing

BREB Stock  EUR 104.80  0.20  0.19%   
The Triple Exponential Smoothing forecasted value of Brederode SA on the next trading day is expected to be 104.69 with a mean absolute deviation of 0.94 and the sum of the absolute errors of 55.40. Brederode Stock Forecast is based on your current time horizon.
  
Triple exponential smoothing for Brederode - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Brederode 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 trend in Brederode price movement. However, neither of these exponential smoothing models address any seasonality of Brederode SA.

Brederode Triple Exponential Smoothing Price Forecast For the 5th of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Brederode SA on the next trading day is expected to be 104.69 with a mean absolute deviation of 0.94, mean absolute percentage error of 1.42, and the sum of the absolute errors of 55.40.
Please note that although there have been many attempts to predict Brederode 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 Brederode's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Brederode Stock Forecast Pattern

Backtest BrederodeBrederode Price PredictionBuy or Sell Advice 

Brederode Forecasted Value

In the context of forecasting Brederode'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. Brederode's downside and upside margins for the forecasting period are 103.60 and 105.79, respectively. We have considered Brederode'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
104.80
103.60
Downside
104.69
Expected Value
105.79
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Brederode stock data series using in forecasting. Note that when a statistical model is used to represent Brederode 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 0.1496
MADMean absolute deviation0.9391
MAPEMean absolute percentage error0.0086
SAESum of the absolute errors55.4042
As with simple exponential smoothing, in triple exponential smoothing models past Brederode observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Brederode SA observations.

Predictive Modules for Brederode

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Brederode SA. 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
103.70104.80105.90
Details
Intrinsic
Valuation
LowRealHigh
98.0899.18115.28
Details
Bollinger
Band Projection (param)
LowMiddleHigh
104.28105.43106.58
Details

Other Forecasting Options for Brederode

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

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

Brederode SA 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 Brederode'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 Brederode's current price.

Brederode Market Strength Events

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

Brederode Risk Indicators

The analysis of Brederode'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 Brederode's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting brederode 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.

Pair Trading with Brederode

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

Moving together with Brederode Stock

  0.73GBLB Groep Brussel LambertPairCorr
  0.93SOF Sofina Socit AnonymePairCorr

Moving against Brederode Stock

  0.69ARGX Argen XPairCorr
  0.58UCB UCB SAPairCorr
  0.48DIE DIeteren Group SAPairCorr
The ability to find closely correlated positions to Brederode could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brederode when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brederode - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brederode SA to buy it.
The correlation of Brederode is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brederode moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brederode SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Brederode can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Brederode Stock Analysis

When running Brederode's price analysis, check to measure Brederode's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Brederode is operating at the current time. Most of Brederode's value examination focuses on studying past and present price action to predict the probability of Brederode's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brederode's price. Additionally, you may evaluate how the addition of Brederode to your portfolios can decrease your overall portfolio volatility.