Cheer Holding Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Cheer Holding - 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 Cheer Holding 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 Cheer Holding price movement. However, neither of these exponential smoothing models address any seasonality of Cheer Holding.

Cheer Holding Triple Exponential Smoothing Price Forecast For the 5th of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Cheer Holding on the next trading day is expected to be 3.02 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.10.

Cheer Holding Stock Forecast Pattern

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Cheer Holding Price Prediction

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Cheer Holding Forecasted Value

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 Cheer Holding stock data series using in forecasting. Note that when a statistical model is used to represent Cheer Holding 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. As with simple exponential smoothing, in triple exponential smoothing models past Cheer Holding 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 Cheer Holding observations.

Predictive Modules for Cheer Holding

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cheer Holding. 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 0.15 3.01 6.05 Details

Intrinsic Valuation Low Real High 0.14 2.89 5.93 Details

Bollinger Band Projection (param) Low Middle High 2.53 2.68 2.83 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cheer Holding. Your research has to be compared to or analyzed against Cheer Holding's peers to derive any actionable benefits. When done correctly, Cheer Holding's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cheer Holding.

Other Forecasting Options for Cheer Holding

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

Cheer Holding Related Equities

Risk & Return

Correlation

Cheer Holding 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 Cheer Holding'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 Cheer Holding's current price.

Cheer Holding Market Strength Events

Cheer Holding Risk Indicators

Pair Trading with Cheer Holding

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

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