Companhiade Eletricidade Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Companhiade Eletricidade - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Companhiade Eletricidade 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 trend in Companhiade Eletricidade price movement. However, neither of these exponential smoothing models address any seasonality of Companhiade Eletricidade.

Companhiade Eletricidade Triple Exponential Smoothing Price Forecast For the 14th of December 2024

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Companhiade Eletricidade do on the next trading day is expected to be 38.21 with a mean absolute deviation of 0.31, mean absolute percentage error of 0.21, and the sum of the absolute errors of 18.88.

Companhiade Eletricidade Stock Forecast Pattern

Backtest Companhiade Eletricidade

Companhiade Eletricidade Price Prediction

Buy or Sell Advice

Companhiade Eletricidade Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Companhiade Eletricidade stock data series using in forecasting. Note that when a statistical model is used to represent Companhiade Eletricidade 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. As with simple exponential smoothing, in triple exponential smoothing models past Companhiade Eletricidade observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Companhiade Eletricidade do observations.

Predictive Modules for Companhiade Eletricidade

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Companhiade Eletricidade. 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 36.90 38.13 39.36 Details

Intrinsic Valuation Low Real High 37.29 38.52 39.75 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Companhiade Eletricidade. Your research has to be compared to or analyzed against Companhiade Eletricidade's peers to derive any actionable benefits. When done correctly, Companhiade Eletricidade'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 Companhiade Eletricidade.

Other Forecasting Options for Companhiade Eletricidade

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

Companhiade Eletricidade Related Equities

Risk & Return

Correlation

Companhiade Eletricidade 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 Companhiade Eletricidade'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 Companhiade Eletricidade's current price.

Companhiade Eletricidade Market Strength Events

Companhiade Eletricidade 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 Companhiade Stock Analysis