First Financial 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 First Financial works best with periods where there are trends or seasonality.

First Financial Double Exponential Smoothing Price Forecast For the 30th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of First Financial Holding on the next trading day is expected to be 27.25 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.07, and the sum of the absolute errors of 10.93.

First Financial Stock Forecast Pattern

Backtest First Financial

First Financial Price Prediction

Buy or Sell Advice

First Financial Forecasted Value

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

Predictive Modules for First Financial

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as First Financial Holding. 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 26.52 27.45 28.38 Details

Intrinsic Valuation Low Real High 22.79 23.72 30.20 Details

Other Forecasting Options for First Financial

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

First Financial Related Equities

Risk & Return

Correlation

First Financial Holding 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 First Financial'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 First Financial's current price.

First Financial Market Strength Events

First Financial Risk Indicators

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 First Stock Analysis