America Movil Stock Forecast - Simple Exponential Smoothing

AMX Stock  CAD 1.16  0.06  5.45%   
The Simple Exponential Smoothing forecasted value of Amex Exploration on the next trading day is expected to be 1.15 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.48. America Stock Forecast is based on your current time horizon.
  
At this time, America Movil's Inventory Turnover is fairly stable compared to the past year. Payables Turnover is likely to climb to 0.11 in 2024, whereas Receivables Turnover is likely to drop 0.0005 in 2024. . Common Stock Shares Outstanding is likely to climb to about 109.2 M in 2024. Net Income Applicable To Common Shares is likely to climb to about 171.5 K in 2024.
America Movil 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 Amex Exploration are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Amex Exploration prices get older.

America Movil Simple Exponential Smoothing Price Forecast For the 25th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Amex Exploration on the next trading day is expected to be 1.15 with a mean absolute deviation of 0.02, mean absolute percentage error of 0, and the sum of the absolute errors of 1.48.
Please note that although there have been many attempts to predict America 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 America Movil's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

America Movil Stock Forecast Pattern

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America Movil Forecasted Value

In the context of forecasting America Movil'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. America Movil's downside and upside margins for the forecasting period are 0.01 and 4.21, respectively. We have considered America Movil'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
1.16
1.15
Expected Value
4.21
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 America Movil stock data series using in forecasting. Note that when a statistical model is used to represent America Movil 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 Criteria111.3602
BiasArithmetic mean of the errors 4.0E-4
MADMean absolute deviation0.0243
MAPEMean absolute percentage error0.0206
SAESum of the absolute errors1.4813
This simple exponential smoothing model begins by setting Amex Exploration forecast for the second period equal to the observation of the first period. In other words, recent America Movil observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for America Movil

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Amex Exploration. 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
0.061.164.22
Details
Intrinsic
Valuation
LowRealHigh
0.061.184.24
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Other Forecasting Options for America Movil

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

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

Amex Exploration 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 America Movil'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 America Movil's current price.

America Movil Market Strength Events

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

America Movil Risk Indicators

The analysis of America Movil'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 America Movil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting america 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for America Stock Analysis

When running America Movil's price analysis, check to measure America Movil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy America Movil is operating at the current time. Most of America Movil's value examination focuses on studying past and present price action to predict the probability of America Movil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move America Movil's price. Additionally, you may evaluate how the addition of America Movil to your portfolios can decrease your overall portfolio volatility.