SL Green Stock Forecast - Triple Exponential Smoothing

GEI Stock  EUR 69.72  0.72  1.02%   
The Triple Exponential Smoothing forecasted value of SL Green Realty on the next trading day is expected to be 73.51 with a mean absolute deviation of 1.05 and the sum of the absolute errors of 62.76. GEI Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of SL Green's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Triple exponential smoothing for SL Green - 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 SL Green 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 SL Green price movement. However, neither of these exponential smoothing models address any seasonality of SL Green Realty.

SL Green Triple Exponential Smoothing Price Forecast For the 12th of December 2024

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of SL Green Realty on the next trading day is expected to be 69.69 with a mean absolute deviation of 1.02, mean absolute percentage error of 1.78, and the sum of the absolute errors of 60.12.
Please note that although there have been many attempts to predict GEI 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 SL Green's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

SL Green Stock Forecast Pattern

Backtest SL GreenSL Green Price PredictionBuy or Sell Advice 

SL Green Forecasted Value

In the context of forecasting SL Green'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. SL Green's downside and upside margins for the forecasting period are 67.79 and 71.58, respectively. We have considered SL Green'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
69.72
69.69
Expected Value
71.58
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 SL Green stock data series using in forecasting. Note that when a statistical model is used to represent SL Green 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 -0.0751
MADMean absolute deviation1.019
MAPEMean absolute percentage error0.0147
SAESum of the absolute errors60.1188
As with simple exponential smoothing, in triple exponential smoothing models past SL Green 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 SL Green Realty observations.

Predictive Modules for SL Green

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SL Green Realty. 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
68.5370.4472.35
Details
Intrinsic
Valuation
LowRealHigh
70.0571.9573.86
Details
Bollinger
Band Projection (param)
LowMiddleHigh
68.6472.8076.95
Details

Other Forecasting Options for SL Green

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

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

SL Green Realty 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 SL Green'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 SL Green's current price.

SL Green Market Strength Events

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

SL Green Risk Indicators

The analysis of SL Green'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 SL Green's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gei 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.

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in GEI Stock

When determining whether SL Green Realty is a strong investment it is important to analyze SL Green's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SL Green's future performance. For an informed investment choice regarding GEI Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of SL Green to cross-verify your projections.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Please note, there is a significant difference between SL Green's value and its price as these two are different measures arrived at by different means. Investors typically determine if SL Green is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SL Green'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.