Turtle Beach Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Turtle Beach - 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 Turtle Beach 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 Turtle Beach price movement. However, neither of these exponential smoothing models address any seasonality of Turtle Beach Corp.

Turtle Beach Triple Exponential Smoothing Price Forecast For the 15th of January 2025

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Turtle Beach Corp on the next trading day is expected to be 17.51 with a mean absolute deviation of 0.41, mean absolute percentage error of 0.26, and the sum of the absolute errors of 23.98.

Turtle Beach Stock Forecast Pattern

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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 Turtle Beach stock data series using in forecasting. Note that when a statistical model is used to represent Turtle Beach 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. As with simple exponential smoothing, in triple exponential smoothing models past Turtle Beach 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 Turtle Beach Corp observations.

Predictive Modules for Turtle Beach

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Turtle Beach Corp. 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 14.68 17.52 20.36 Details

Intrinsic Valuation Low Real High 11.65 14.49 19.22 Details

Bollinger Band Projection (param) Low Middle High 15.69 17.22 18.75 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Turtle Beach. Your research has to be compared to or analyzed against Turtle Beach's peers to derive any actionable benefits. When done correctly, Turtle Beach's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Turtle Beach Corp.

Turtle Beach Related Equities

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Turtle Beach Market Strength Events

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Pair Trading with Turtle Beach

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Turtle Beach position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Turtle Beach will appreciate offsetting losses from the drop in the long position's value.

Other Consideration for investing in Turtle Stock