Corsair Gaming Stock Forecast - Double Exponential Smoothing

6C2 Stock  EUR 6.89  0.04  0.58%   
The Double Exponential Smoothing forecasted value of Corsair Gaming on the next trading day is expected to be 6.94 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 11.25. Corsair Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Corsair Gaming'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 Corsair Gaming works best with periods where there are trends or seasonality.

Corsair Gaming Double Exponential Smoothing Price Forecast For the 2nd of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Corsair Gaming on the next trading day is expected to be 6.94 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.07, and the sum of the absolute errors of 11.25.
Please note that although there have been many attempts to predict Corsair 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 Corsair Gaming's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Corsair Gaming Stock Forecast Pattern

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Corsair Gaming Forecasted Value

In the context of forecasting Corsair Gaming'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. Corsair Gaming's downside and upside margins for the forecasting period are 2.73 and 11.15, respectively. We have considered Corsair Gaming'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
6.89
6.94
Expected Value
11.15
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 Corsair Gaming stock data series using in forecasting. Note that when a statistical model is used to represent Corsair Gaming 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 -0.041
MADMean absolute deviation0.1906
MAPEMean absolute percentage error0.031
SAESum of the absolute errors11.2452
When Corsair Gaming 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 Corsair Gaming 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 Corsair Gaming observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Corsair Gaming

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Corsair Gaming. 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
2.686.8911.10
Details
Intrinsic
Valuation
LowRealHigh
1.305.519.72
Details

Other Forecasting Options for Corsair Gaming

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

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

Corsair Gaming 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 Corsair Gaming'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 Corsair Gaming's current price.

Corsair Gaming Market Strength Events

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

Corsair Gaming Risk Indicators

The analysis of Corsair Gaming'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 Corsair Gaming's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting corsair 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 Corsair Stock

When determining whether Corsair Gaming is a strong investment it is important to analyze Corsair Gaming'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 Corsair Gaming's future performance. For an informed investment choice regarding Corsair Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Corsair Gaming to cross-verify your projections.
For more detail on how to invest in Corsair Stock please use our How to Invest in Corsair Gaming guide.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Please note, there is a significant difference between Corsair Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corsair Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corsair Gaming'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.