Halcyon Technology Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Halcyon Technology - 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 Halcyon Technology 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 Halcyon Technology price movement. However, neither of these exponential smoothing models address any seasonality of Halcyon Technology Public.

Halcyon Technology Triple Exponential Smoothing Price Forecast For the 1st of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Halcyon Technology Public on the next trading day is expected to be 4.06 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.03, and the sum of the absolute errors of 6.50.

Halcyon Technology Stock Forecast Pattern

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Halcyon Technology Forecasted Value

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 Halcyon Technology stock data series using in forecasting. Note that when a statistical model is used to represent Halcyon Technology 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 Halcyon Technology 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 Halcyon Technology Public observations.

Predictive Modules for Halcyon Technology

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Halcyon Technology Public. 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 0.76 4.08 7.40 Details

Intrinsic Valuation Low Real High 0.31 3.63 6.95 Details

Bollinger Band Projection (param) Low Middle High 3.94 4.20 4.46 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Halcyon Technology. Your research has to be compared to or analyzed against Halcyon Technology's peers to derive any actionable benefits. When done correctly, Halcyon Technology'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 Halcyon Technology Public.

Other Forecasting Options for Halcyon Technology

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

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Risk & Return

Correlation

Halcyon Technology Public 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 Halcyon Technology'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 Halcyon Technology's current price.

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