LF Co Stock Forecast - Double Exponential Smoothing

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 LF Co works best with periods where there are trends or seasonality.

LF Co Double Exponential Smoothing Price Forecast For the 28th of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of LF Co on the next trading day is expected to be 86,200 with a mean absolute deviation of 3,827, mean absolute percentage error of 22,035,333, and the sum of the absolute errors of 229,600.

LF Co Stock Forecast Pattern

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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 LF Co stock data series using in forecasting. Note that when a statistical model is used to represent LF Co 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. When LF Co 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 LF Co 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 LF Co observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for LF Co

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as LF Co. 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 85,496 85,500 85,504 Details

Intrinsic Valuation Low Real High 78,935 78,939 94,050 Details

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

Other Forecasting Options for LF Co

For every potential investor in 066970, whether a beginner or expert, LF Co's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 066970 Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 066970. Basic forecasting techniques help filter out the noise by identifying LF Co's price trends.

LF Co Related Equities

Risk & Return

Correlation

LF Co 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 LF Co'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 LF Co's current price.

LF Co Market Strength Events

LF Co Risk Indicators

Pair Trading with LF Co

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if LF Co position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in LF Co will appreciate offsetting losses from the drop in the long position's value.

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