Lumine Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Lumine - 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 Lumine 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 Lumine price movement. However, neither of these exponential smoothing models address any seasonality of Lumine Group.

Lumine Triple Exponential Smoothing Price Forecast For the 15th of December 2024

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Lumine Group on the next trading day is expected to be 44.29 with a mean absolute deviation of 0.69, mean absolute percentage error of 0.99, and the sum of the absolute errors of 41.54.

Lumine Stock Forecast Pattern

Backtest Lumine

Lumine Price Prediction

Buy or Sell Advice

Lumine 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 Lumine stock data series using in forecasting. Note that when a statistical model is used to represent Lumine 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 Lumine 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 Lumine Group observations.

Predictive Modules for Lumine

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Lumine Group. 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 41.23 43.67 46.11 Details

Intrinsic Valuation Low Real High 39.51 46.91 49.35 Details

Earnings Estimates (0) Low Projected EPS High 0.18 0.18 0.18 Details

Other Forecasting Options for Lumine

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

Lumine Related Equities

Risk & Return

Correlation

Lumine Group 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 Lumine'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 Lumine's current price.

Lumine Market Strength Events

Lumine Risk Indicators

Additional Tools for Lumine Stock Analysis