Capitec Bank Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Capitec Bank - 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 Capitec Bank 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 Capitec Bank price movement. However, neither of these exponential smoothing models address any seasonality of Capitec Bank Holdings.

Capitec Bank Triple Exponential Smoothing Price Forecast For the 1st of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Capitec Bank Holdings on the next trading day is expected to be 325,570 with a mean absolute deviation of 2,984, mean absolute percentage error of 13,455,845, and the sum of the absolute errors of 179,034.

Capitec Bank Stock Forecast Pattern

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Capitec Bank 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 Capitec Bank stock data series using in forecasting. Note that when a statistical model is used to represent Capitec Bank 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 Capitec Bank 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 Capitec Bank Holdings observations.

Predictive Modules for Capitec Bank

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Capitec Bank Holdings. 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 326,117 326,118 326,119 Details

Intrinsic Valuation Low Real High 280,460 280,461 358,730 Details

Bollinger Band Projection (param) Low Middle High 322,448 331,266 340,084 Details

Other Forecasting Options for Capitec Bank

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

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Risk & Return

Correlation

Capitec Bank Holdings 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 Capitec Bank'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 Capitec Bank's current price.

Capitec Bank Market Strength Events

Capitec Bank Risk Indicators

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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.

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