Exxaro Resources Stock Forecast - Triple Exponential Smoothing

EXX Stock   15,897  53.00  0.33%   
The Triple Exponential Smoothing forecasted value of Exxaro Resources on the next trading day is expected to be 15,881 with a mean absolute deviation of 221.65 and the sum of the absolute errors of 13,077. Exxaro Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Exxaro Resources stock prices and determine the direction of Exxaro Resources's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Exxaro Resources' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Triple exponential smoothing for Exxaro Resources - 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 Exxaro Resources 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 Exxaro Resources price movement. However, neither of these exponential smoothing models address any seasonality of Exxaro Resources.

Exxaro Resources Triple Exponential Smoothing Price Forecast For the 24th of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Exxaro Resources on the next trading day is expected to be 15,881 with a mean absolute deviation of 221.65, mean absolute percentage error of 80,605, and the sum of the absolute errors of 13,077.
Please note that although there have been many attempts to predict Exxaro 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 Exxaro Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Exxaro Resources Stock Forecast Pattern

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Exxaro Resources Forecasted Value

In the context of forecasting Exxaro Resources' 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. Exxaro Resources' downside and upside margins for the forecasting period are 15,880 and 15,883, respectively. We have considered Exxaro Resources' 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
15,897
15,880
Downside
15,881
Expected Value
15,883
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 Exxaro Resources stock data series using in forecasting. Note that when a statistical model is used to represent Exxaro Resources 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 45.4033
MADMean absolute deviation221.6518
MAPEMean absolute percentage error0.0132
SAESum of the absolute errors13077.4552
As with simple exponential smoothing, in triple exponential smoothing models past Exxaro Resources 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 Exxaro Resources observations.

Predictive Modules for Exxaro Resources

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Exxaro Resources. 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
15,89515,89715,899
Details
Intrinsic
Valuation
LowRealHigh
14,30716,97216,973
Details

Other Forecasting Options for Exxaro Resources

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

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

Exxaro Resources 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 Exxaro Resources' 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 Exxaro Resources' current price.

Exxaro Resources Market Strength Events

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

Exxaro Resources Risk Indicators

The analysis of Exxaro Resources' 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 Exxaro Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting exxaro 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.

Other Information on Investing in Exxaro Stock

Exxaro Resources financial ratios help investors to determine whether Exxaro Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Exxaro with respect to the benefits of owning Exxaro Resources security.