Equity Commonwealth Stock Forecast - Triple Exponential Smoothing

EQC Stock  USD 20.25  0.08  0.40%   
The Triple Exponential Smoothing forecasted value of Equity Commonwealth on the next trading day is expected to be 20.26 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.44. Equity Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Equity Commonwealth stock prices and determine the direction of Equity Commonwealth's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Equity Commonwealth's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Equity Commonwealth's Receivables Turnover is projected to slightly decrease based on the last few years of reporting. . As of November 28, 2024, Common Stock Shares Outstanding is expected to decline to about 63.5 M. In addition to that, Net Income Applicable To Common Shares is expected to decline to about 32 M.
Triple exponential smoothing for Equity Commonwealth - 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 Equity Commonwealth 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 Equity Commonwealth price movement. However, neither of these exponential smoothing models address any seasonality of Equity Commonwealth.

Equity Commonwealth Triple Exponential Smoothing Price Forecast For the 29th of November

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Equity Commonwealth on the next trading day is expected to be 20.26 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.44.
Please note that although there have been many attempts to predict Equity 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 Equity Commonwealth's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Equity Commonwealth Stock Forecast Pattern

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Equity Commonwealth Forecasted Value

In the context of forecasting Equity Commonwealth'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. Equity Commonwealth's downside and upside margins for the forecasting period are 19.75 and 20.78, respectively. We have considered Equity Commonwealth'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
20.25
20.26
Expected Value
20.78
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 Equity Commonwealth stock data series using in forecasting. Note that when a statistical model is used to represent Equity Commonwealth 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 0.0121
MADMean absolute deviation0.0583
MAPEMean absolute percentage error0.0029
SAESum of the absolute errors3.4378
As with simple exponential smoothing, in triple exponential smoothing models past Equity Commonwealth 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 Equity Commonwealth observations.

Predictive Modules for Equity Commonwealth

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Equity Commonwealth. 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
19.7320.2520.77
Details
Intrinsic
Valuation
LowRealHigh
20.0520.5721.09
Details
1 Analysts
Consensus
LowTargetHigh
19.1121.0023.31
Details

Other Forecasting Options for Equity Commonwealth

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

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

Equity Commonwealth 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 Equity Commonwealth'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 Equity Commonwealth's current price.

Equity Commonwealth Market Strength Events

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

Equity Commonwealth Risk Indicators

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Equity Commonwealth offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Equity Commonwealth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Equity Commonwealth Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Equity Commonwealth Stock:
Check out Historical Fundamental Analysis of Equity Commonwealth to cross-verify your projections.
For information on how to trade Equity Stock refer to our How to Trade Equity Stock guide.
You can also try the Stocks Directory module to find actively traded stocks across global markets.
Is Diversified REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Equity Commonwealth. If investors know Equity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Equity Commonwealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.667
Earnings Share
0.38
Revenue Per Share
0.545
Quarterly Revenue Growth
(0.08)
Return On Assets
(0.01)
The market value of Equity Commonwealth is measured differently than its book value, which is the value of Equity that is recorded on the company's balance sheet. Investors also form their own opinion of Equity Commonwealth's value that differs from its market value or its book value, called intrinsic value, which is Equity Commonwealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Equity Commonwealth's market value can be influenced by many factors that don't directly affect Equity Commonwealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Equity Commonwealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equity Commonwealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equity Commonwealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.