International Meal Stock Forecast - Simple Exponential Smoothing

MEAL3 Stock  BRL 1.07  0.03  2.73%   
The Simple Exponential Smoothing forecasted value of International Meal on the next trading day is expected to be 1.07 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.55. International Stock Forecast is based on your current time horizon.
  
International Meal simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for International Meal are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as International Meal prices get older.

International Meal Simple Exponential Smoothing Price Forecast For the 15th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of International Meal on the next trading day is expected to be 1.07 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.55.
Please note that although there have been many attempts to predict International 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 International Meal's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

International Meal Stock Forecast Pattern

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International Meal Forecasted Value

In the context of forecasting International Meal'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. International Meal's downside and upside margins for the forecasting period are 0.01 and 3.67, respectively. We have considered International Meal'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
1.07
1.07
Expected Value
3.67
Upside

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 International Meal stock data series using in forecasting. Note that when a statistical model is used to represent International Meal 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 Criteria109.5374
BiasArithmetic mean of the errors 0.0048
MADMean absolute deviation0.0258
MAPEMean absolute percentage error0.0199
SAESum of the absolute errors1.55
This simple exponential smoothing model begins by setting International Meal forecast for the second period equal to the observation of the first period. In other words, recent International Meal observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for International Meal

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as International Meal. 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
0.051.073.67
Details
Intrinsic
Valuation
LowRealHigh
0.050.973.57
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as International Meal. Your research has to be compared to or analyzed against International Meal's peers to derive any actionable benefits. When done correctly, International Meal'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 International Meal.

Other Forecasting Options for International Meal

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

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

International Meal 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 International Meal'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 International Meal's current price.

International Meal Market Strength Events

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

International Meal Risk Indicators

The analysis of International Meal'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 International Meal's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting international 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.

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.

Additional Tools for International Stock Analysis

When running International Meal's price analysis, check to measure International Meal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy International Meal is operating at the current time. Most of International Meal's value examination focuses on studying past and present price action to predict the probability of International Meal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Meal's price. Additionally, you may evaluate how the addition of International Meal to your portfolios can decrease your overall portfolio volatility.