Gencor Industries Stock Forecast - Double Exponential Smoothing
| GENC Stock | USD 21.44 0.48 2.19% |
The Double Exponential Smoothing forecasted value of Gencor Industries on the next trading day is expected to be 21.47 with a mean absolute deviation of 0.36 and the sum of the absolute errors of 21.53. Gencor Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Gencor Industries stock prices and determine the direction of Gencor Industries's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Gencor Industries' historical fundamentals, such as revenue growth or operating cash flow patterns.
Gencor |
Gencor Industries Double Exponential Smoothing Price Forecast For the 13th of December 2024
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Gencor Industries on the next trading day is expected to be 21.47 with a mean absolute deviation of 0.36, mean absolute percentage error of 0.23, and the sum of the absolute errors of 21.53.Please note that although there have been many attempts to predict Gencor 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 Gencor Industries' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Gencor Industries Stock Forecast Pattern
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Gencor Industries Forecasted Value
In the context of forecasting Gencor Industries' 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. Gencor Industries' downside and upside margins for the forecasting period are 19.39 and 23.54, respectively. We have considered Gencor Industries' 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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Gencor Industries stock data series using in forecasting. Note that when a statistical model is used to represent Gencor Industries 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 | Huge |
| Bias | Arithmetic mean of the errors | 0.0836 |
| MAD | Mean absolute deviation | 0.3649 |
| MAPE | Mean absolute percentage error | 0.0173 |
| SAE | Sum of the absolute errors | 21.5301 |
Predictive Modules for Gencor Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gencor Industries. 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 Gencor Industries
For every potential investor in Gencor, whether a beginner or expert, Gencor Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Gencor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Gencor. Basic forecasting techniques help filter out the noise by identifying Gencor Industries' price trends.Gencor Industries 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 Gencor Industries stock to make a market-neutral strategy. Peer analysis of Gencor Industries could also be used in its relative valuation, which is a method of valuing Gencor Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Gencor Industries 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 Gencor Industries' 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 Gencor Industries' current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Gencor Industries Market Strength Events
Market strength indicators help investors to evaluate how Gencor Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gencor Industries shares will generate the highest return on investment. By undertsting and applying Gencor Industries stock market strength indicators, traders can identify Gencor Industries entry and exit signals to maximize returns.
| Accumulation Distribution | 1079.57 | |||
| Daily Balance Of Power | (0.72) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 21.19 | |||
| Day Typical Price | 21.27 | |||
| Price Action Indicator | 0.015 | |||
| Period Momentum Indicator | (0.48) |
Gencor Industries Risk Indicators
The analysis of Gencor Industries' 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 Gencor Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gencor 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 | 1.52 | |||
| Semi Deviation | 1.62 | |||
| Standard Deviation | 2.09 | |||
| Variance | 4.38 | |||
| Downside Variance | 3.23 | |||
| Semi Variance | 2.61 | |||
| Expected Short fall | (1.80) |
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.
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.When determining whether Gencor Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gencor Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gencor Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gencor Industries Stock:Check out Historical Fundamental Analysis of Gencor Industries to cross-verify your projections. For information on how to trade Gencor Stock refer to our How to Trade Gencor Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gencor Industries. If investors know Gencor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gencor Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Earnings Share 1.1 | Revenue Per Share 7.717 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0483 |
The market value of Gencor Industries is measured differently than its book value, which is the value of Gencor that is recorded on the company's balance sheet. Investors also form their own opinion of Gencor Industries' value that differs from its market value or its book value, called intrinsic value, which is Gencor Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gencor Industries' market value can be influenced by many factors that don't directly affect Gencor Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gencor Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Gencor Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gencor Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.