Accelerate Diagnostics Stock Forecast - Double Exponential Smoothing

AXDX Stock  USD 1.70  0.13  8.28%   
The Double Exponential Smoothing forecasted value of Accelerate Diagnostics on the next trading day is expected to be 1.70 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.31. Accelerate Stock Forecast is based on your current time horizon.
  
At this time, Accelerate Diagnostics' Payables Turnover is fairly stable compared to the past year. Asset Turnover is likely to rise to 0.40 in 2024, whereas Inventory Turnover is likely to drop 1.75 in 2024. . Common Stock Shares Outstanding is likely to rise to about 13.1 M in 2024, whereas Net Loss is likely to drop (59.1 M) in 2024.
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 Accelerate Diagnostics works best with periods where there are trends or seasonality.

Accelerate Diagnostics Double Exponential Smoothing Price Forecast For the 6th of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Accelerate Diagnostics on the next trading day is expected to be 1.70 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.31.
Please note that although there have been many attempts to predict Accelerate 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 Accelerate Diagnostics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Accelerate Diagnostics Stock Forecast Pattern

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Accelerate Diagnostics Forecasted Value

In the context of forecasting Accelerate Diagnostics' 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. Accelerate Diagnostics' downside and upside margins for the forecasting period are 0.02 and 5.71, respectively. We have considered Accelerate Diagnostics' 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
1.70
1.70
Expected Value
5.71
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 Accelerate Diagnostics stock data series using in forecasting. Note that when a statistical model is used to represent Accelerate Diagnostics 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 -0.0082
MADMean absolute deviation0.0561
MAPEMean absolute percentage error0.032
SAESum of the absolute errors3.3077
When Accelerate Diagnostics 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 Accelerate Diagnostics 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 Accelerate Diagnostics observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Accelerate Diagnostics

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Accelerate Diagnostics. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Accelerate Diagnostics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.091.705.69
Details
Intrinsic
Valuation
LowRealHigh
0.173.467.45
Details
1 Analysts
Consensus
LowTargetHigh
8.199.009.99
Details

Other Forecasting Options for Accelerate Diagnostics

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

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 Risk & Return  Correlation

Accelerate Diagnostics 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 Accelerate Diagnostics' 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 Accelerate Diagnostics' current price.

Accelerate Diagnostics Market Strength Events

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

Accelerate Diagnostics Risk Indicators

The analysis of Accelerate Diagnostics' 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 Accelerate Diagnostics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting accelerate 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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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 Accelerate Stock Analysis

When running Accelerate Diagnostics' price analysis, check to measure Accelerate Diagnostics' 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 Accelerate Diagnostics is operating at the current time. Most of Accelerate Diagnostics' value examination focuses on studying past and present price action to predict the probability of Accelerate Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accelerate Diagnostics' price. Additionally, you may evaluate how the addition of Accelerate Diagnostics to your portfolios can decrease your overall portfolio volatility.