CLEMONDO GROUP Stock Forecast - Double Exponential Smoothing

N17 Stock  EUR 0.59  0.00  0.00%   
The Double Exponential Smoothing forecasted value of CLEMONDO GROUP AB on the next trading day is expected to be 0.59 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.76. CLEMONDO Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of CLEMONDO GROUP's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for CLEMONDO GROUP works best with periods where there are trends or seasonality.

CLEMONDO GROUP Double Exponential Smoothing Price Forecast For the 6th of March

Given 90 days horizon, the Double Exponential Smoothing forecasted value of CLEMONDO GROUP AB on the next trading day is expected to be 0.59 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.76.
Please note that although there have been many attempts to predict CLEMONDO 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 CLEMONDO GROUP's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

CLEMONDO GROUP Stock Forecast Pattern

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of CLEMONDO GROUP stock data series using in forecasting. Note that when a statistical model is used to represent CLEMONDO GROUP 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 0.0074
MADMean absolute deviation0.0299
MAPEMean absolute percentage error0.0571
SAESum of the absolute errors1.7646
When CLEMONDO GROUP AB 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 CLEMONDO GROUP AB trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent CLEMONDO GROUP observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for CLEMONDO GROUP

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CLEMONDO GROUP AB. 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
0.030.598.66
Details
Intrinsic
Valuation
LowRealHigh
0.020.478.54
Details

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

CLEMONDO GROUP Market Strength Events

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

CLEMONDO GROUP Risk Indicators

The analysis of CLEMONDO GROUP'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 CLEMONDO GROUP's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting clemondo 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

Other Information on Investing in CLEMONDO Stock

CLEMONDO GROUP financial ratios help investors to determine whether CLEMONDO Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CLEMONDO with respect to the benefits of owning CLEMONDO GROUP security.