FORWARD AIR Stock Forecast - Simple Exponential Smoothing
| FA2 Stock | EUR 31.80 0.20 0.63% |
The Simple Exponential Smoothing forecasted value of FORWARD AIR P on the next trading day is expected to be 31.80 with a mean absolute deviation of 0.90 and the sum of the absolute errors of 54.25. FORWARD Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of FORWARD AIR's historical fundamentals, such as revenue growth or operating cash flow patterns.
FORWARD |
FORWARD AIR Simple Exponential Smoothing Price Forecast For the 11th of December 2024
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of FORWARD AIR P on the next trading day is expected to be 31.80 with a mean absolute deviation of 0.90, mean absolute percentage error of 1.84, and the sum of the absolute errors of 54.25.Please note that although there have been many attempts to predict FORWARD 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 FORWARD AIR's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
FORWARD AIR Stock Forecast Pattern
FORWARD AIR Forecasted Value
In the context of forecasting FORWARD AIR'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. FORWARD AIR's downside and upside margins for the forecasting period are 27.29 and 36.32, respectively. We have considered FORWARD AIR'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.
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 FORWARD AIR stock data series using in forecasting. Note that when a statistical model is used to represent FORWARD AIR 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.| AIC | Akaike Information Criteria | 116.8811 |
| Bias | Arithmetic mean of the errors | -0.0192 |
| MAD | Mean absolute deviation | 0.9041 |
| MAPE | Mean absolute percentage error | 0.0275 |
| SAE | Sum of the absolute errors | 54.2484 |
Predictive Modules for FORWARD AIR
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FORWARD AIR P. 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.Other Forecasting Options for FORWARD AIR
For every potential investor in FORWARD, whether a beginner or expert, FORWARD AIR's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. FORWARD Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in FORWARD. Basic forecasting techniques help filter out the noise by identifying FORWARD AIR's price trends.FORWARD AIR 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 FORWARD AIR stock to make a market-neutral strategy. Peer analysis of FORWARD AIR could also be used in its relative valuation, which is a method of valuing FORWARD AIR by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FORWARD AIR P 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 FORWARD AIR'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 FORWARD AIR's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
FORWARD AIR Market Strength Events
Market strength indicators help investors to evaluate how FORWARD AIR stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FORWARD AIR shares will generate the highest return on investment. By undertsting and applying FORWARD AIR stock market strength indicators, traders can identify FORWARD AIR P entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 31.8 | |||
| Day Typical Price | 31.8 | |||
| Price Action Indicator | 0.1 | |||
| Period Momentum Indicator | 0.2 |
FORWARD AIR Risk Indicators
The analysis of FORWARD AIR'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 FORWARD AIR's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting forward 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.
| Mean Deviation | 2.78 | |||
| Semi Deviation | 2.98 | |||
| Standard Deviation | 4.51 | |||
| Variance | 20.3 | |||
| Downside Variance | 11.3 | |||
| Semi Variance | 8.9 | |||
| Expected Short fall | (3.53) |
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.
Currently Active Assets on Macroaxis
Other Information on Investing in FORWARD Stock
FORWARD AIR financial ratios help investors to determine whether FORWARD Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in FORWARD with respect to the benefits of owning FORWARD AIR security.