Finnair Oyj Stock Forecast - Simple Exponential Smoothing
| FIA1S Stock | EUR 2.17 0.02 0.93% |
The Simple Exponential Smoothing forecasted value of Finnair Oyj on the next trading day is expected to be 2.17 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.97. Finnair Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Finnair Oyj's historical fundamentals, such as revenue growth or operating cash flow patterns.
Finnair |
Finnair Oyj Simple Exponential Smoothing Price Forecast For the 30th of November
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Finnair Oyj on the next trading day is expected to be 2.17 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.97.Please note that although there have been many attempts to predict Finnair 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 Finnair Oyj's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Finnair Oyj Stock Forecast Pattern
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Finnair Oyj Forecasted Value
In the context of forecasting Finnair Oyj'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. Finnair Oyj's downside and upside margins for the forecasting period are 0.23 and 4.11, respectively. We have considered Finnair Oyj'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.
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 Finnair Oyj stock data series using in forecasting. Note that when a statistical model is used to represent Finnair Oyj 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.| AIC | Akaike Information Criteria | 110.145 |
| Bias | Arithmetic mean of the errors | 0.0022 |
| MAD | Mean absolute deviation | 0.0328 |
| MAPE | Mean absolute percentage error | 0.014 |
| SAE | Sum of the absolute errors | 1.97 |
Predictive Modules for Finnair Oyj
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Finnair Oyj. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Finnair Oyj's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Finnair Oyj
For every potential investor in Finnair, whether a beginner or expert, Finnair Oyj's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Finnair Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Finnair. Basic forecasting techniques help filter out the noise by identifying Finnair Oyj's price trends.Finnair Oyj 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 Finnair Oyj stock to make a market-neutral strategy. Peer analysis of Finnair Oyj could also be used in its relative valuation, which is a method of valuing Finnair Oyj by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Finnair Oyj 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 Finnair Oyj'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 Finnair Oyj's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Finnair Oyj Market Strength Events
Market strength indicators help investors to evaluate how Finnair Oyj stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Finnair Oyj shares will generate the highest return on investment. By undertsting and applying Finnair Oyj stock market strength indicators, traders can identify Finnair Oyj entry and exit signals to maximize returns.
Finnair Oyj Risk Indicators
The analysis of Finnair Oyj'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 Finnair Oyj's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting finnair 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.
| Mean Deviation | 1.39 | |||
| Standard Deviation | 1.93 | |||
| Variance | 3.74 |
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 Finnair Stock
Finnair Oyj financial ratios help investors to determine whether Finnair 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 Finnair with respect to the benefits of owning Finnair Oyj security.