Galp Energia OTC Stock Forecast - Simple Exponential Smoothing

GLPEF Stock  USD 17.76  0.58  3.38%   
The Simple Exponential Smoothing forecasted value of Galp Energia SGPS on the next trading day is expected to be 17.73 with a mean absolute deviation of 0.28 and the sum of the absolute errors of 16.58. Galp OTC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Galp Energia's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Galp Energia simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Galp Energia SGPS are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Galp Energia SGPS prices get older.

Galp Energia Simple Exponential Smoothing Price Forecast For the 15th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Galp Energia SGPS on the next trading day is expected to be 17.73 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.18, and the sum of the absolute errors of 16.58.
Please note that although there have been many attempts to predict Galp OTC 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 Galp Energia's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Galp Energia OTC Stock Forecast Pattern

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Galp Energia Forecasted Value

In the context of forecasting Galp Energia's OTC 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. Galp Energia's downside and upside margins for the forecasting period are 15.25 and 20.21, respectively. We have considered Galp Energia'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.
Market Value
17.76
17.73
Expected Value
20.21
Upside

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 Galp Energia otc stock data series using in forecasting. Note that when a statistical model is used to represent Galp Energia otc 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 Criteria114.5371
BiasArithmetic mean of the errors 0.0103
MADMean absolute deviation0.2763
MAPEMean absolute percentage error0.016
SAESum of the absolute errors16.5757
This simple exponential smoothing model begins by setting Galp Energia SGPS forecast for the second period equal to the observation of the first period. In other words, recent Galp Energia observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Galp Energia

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Galp Energia SGPS. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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 Galp Energia's 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
15.2817.7620.24
Details
Intrinsic
Valuation
LowRealHigh
12.2514.7319.54
Details
Bollinger
Band Projection (param)
LowMiddleHigh
15.5116.8918.27
Details

Other Forecasting Options for Galp Energia

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

Galp Energia 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 Galp Energia otc stock to make a market-neutral strategy. Peer analysis of Galp Energia could also be used in its relative valuation, which is a method of valuing Galp Energia by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Galp Energia SGPS Technical and Predictive Analytics

The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Galp Energia'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 Galp Energia's current price.

Galp Energia Market Strength Events

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

Galp Energia Risk Indicators

The analysis of Galp Energia'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 Galp Energia's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting galp otc 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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Other Information on Investing in Galp OTC Stock

Galp Energia financial ratios help investors to determine whether Galp OTC 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 Galp with respect to the benefits of owning Galp Energia security.