Sogn Sparebank Stock Forecast - Simple Exponential Smoothing

SOGN Stock  NOK 246.00  9.00  3.53%   
The Simple Exponential Smoothing forecasted value of Sogn Sparebank on the next trading day is expected to be 246.00 with a mean absolute deviation of 3.83 and the sum of the absolute errors of 229.70. Sogn Stock Forecast is based on your current time horizon.
  
Sogn Sparebank 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 Sogn Sparebank are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Sogn Sparebank prices get older.

Sogn Sparebank Simple Exponential Smoothing Price Forecast For the 5th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Sogn Sparebank on the next trading day is expected to be 246.00 with a mean absolute deviation of 3.83, mean absolute percentage error of 30.83, and the sum of the absolute errors of 229.70.
Please note that although there have been many attempts to predict Sogn 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 Sogn Sparebank's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Sogn Sparebank Stock Forecast Pattern

Backtest Sogn SparebankSogn Sparebank Price PredictionBuy or Sell Advice 

Sogn Sparebank Forecasted Value

In the context of forecasting Sogn Sparebank'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. Sogn Sparebank's downside and upside margins for the forecasting period are 243.57 and 248.43, respectively. We have considered Sogn Sparebank'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
246.00
243.57
Downside
246.00
Expected Value
248.43
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 Sogn Sparebank stock data series using in forecasting. Note that when a statistical model is used to represent Sogn Sparebank 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 Criteria119.7012
BiasArithmetic mean of the errors -0.7283
MADMean absolute deviation3.8283
MAPEMean absolute percentage error0.0164
SAESum of the absolute errors229.7
This simple exponential smoothing model begins by setting Sogn Sparebank forecast for the second period equal to the observation of the first period. In other words, recent Sogn Sparebank observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Sogn Sparebank

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sogn Sparebank. 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
252.62255.00257.38
Details
Intrinsic
Valuation
LowRealHigh
229.50303.45305.83
Details
Bollinger
Band Projection (param)
LowMiddleHigh
245.54253.35261.17
Details

Other Forecasting Options for Sogn Sparebank

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

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

Sogn Sparebank 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 Sogn Sparebank'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 Sogn Sparebank's current price.

Sogn Sparebank Market Strength Events

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

Sogn Sparebank Risk Indicators

The analysis of Sogn Sparebank'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 Sogn Sparebank's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sogn 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.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

Other Information on Investing in Sogn Stock

Sogn Sparebank financial ratios help investors to determine whether Sogn 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 Sogn with respect to the benefits of owning Sogn Sparebank security.