Cimentas Izmir Stock Forecast - Simple Exponential Smoothing

Cimentas Izmir 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 Cimentas Izmir Cimento are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Cimentas Izmir Cimento prices get older.

Cimentas Izmir Simple Exponential Smoothing Price Forecast For the 24th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Cimentas Izmir Cimento on the next trading day is expected to be 465.25 with a mean absolute deviation of 10.80, mean absolute percentage error of 218.78, and the sum of the absolute errors of 647.75.

Cimentas Izmir Stock Forecast Pattern

Backtest Cimentas Izmir

Cimentas Izmir Price Prediction

Buy or Sell Advice

Cimentas Izmir Forecasted Value

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 Cimentas Izmir stock data series using in forecasting. Note that when a statistical model is used to represent Cimentas Izmir 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 Cimentas Izmir Cimento forecast for the second period equal to the observation of the first period. In other words, recent Cimentas Izmir observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Cimentas Izmir

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cimentas Izmir Cimento. 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 461.67 465.25 468.83 Details

Intrinsic Valuation Low Real High 369.49 373.06 511.78 Details

Other Forecasting Options for Cimentas Izmir

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

Cimentas Izmir Related Equities

Risk & Return

Correlation

Cimentas Izmir Cimento 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 Cimentas Izmir'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 Cimentas Izmir's current price.

Cimentas Izmir Market Strength Events

Cimentas Izmir Risk Indicators

Other Information on Investing in Cimentas Stock