Amcor Plc Stock Forecast - Double Exponential Smoothing

485B Stock  EUR 8.80  0.15  1.68%   
The Double Exponential Smoothing forecasted value of Amcor plc on the next trading day is expected to be 8.68 with a mean absolute deviation of 0.12 and the sum of the absolute errors of 7.14. Amcor Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Amcor Plc'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 Amcor Plc works best with periods where there are trends or seasonality.

Amcor Plc Double Exponential Smoothing Price Forecast For the 23rd of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Amcor plc on the next trading day is expected to be 8.68 with a mean absolute deviation of 0.12, mean absolute percentage error of 0.06, and the sum of the absolute errors of 7.14.
Please note that although there have been many attempts to predict Amcor 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 Amcor Plc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Amcor Plc Stock Forecast Pattern

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Amcor Plc Forecasted Value

In the context of forecasting Amcor Plc'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. Amcor Plc's downside and upside margins for the forecasting period are 6.15 and 11.21, respectively. We have considered Amcor Plc'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
8.80
8.68
Expected Value
11.21
Upside

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 Amcor Plc stock data series using in forecasting. Note that when a statistical model is used to represent Amcor Plc 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 0.0316
MADMean absolute deviation0.121
MAPEMean absolute percentage error0.0128
SAESum of the absolute errors7.1417
When Amcor plc 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 Amcor plc 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 Amcor Plc observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Amcor Plc

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Amcor plc. 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
6.278.8011.33
Details
Intrinsic
Valuation
LowRealHigh
6.028.5511.08
Details
Bollinger
Band Projection (param)
LowMiddleHigh
8.739.4410.15
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Amcor Plc. Your research has to be compared to or analyzed against Amcor Plc's peers to derive any actionable benefits. When done correctly, Amcor Plc'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 Amcor plc.

Other Forecasting Options for Amcor Plc

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

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

Amcor plc 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 Amcor Plc'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 Amcor Plc's current price.

Amcor Plc Market Strength Events

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

Amcor Plc Risk Indicators

The analysis of Amcor Plc'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 Amcor Plc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting amcor 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.

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Additional Information and Resources on Investing in Amcor Stock

When determining whether Amcor plc is a strong investment it is important to analyze Amcor Plc's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Amcor Plc's future performance. For an informed investment choice regarding Amcor Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Amcor Plc to cross-verify your projections.
For more detail on how to invest in Amcor Stock please use our How to Invest in Amcor Plc guide.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Please note, there is a significant difference between Amcor Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amcor Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amcor Plc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.