GULF ENERGY Stock Forecast - Double Exponential Smoothing

Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for GULF ENERGY works best with periods where there are trends or seasonality.

GULF ENERGY Double Exponential Smoothing Price Forecast For the 25th of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of GULF ENERGY DEVELOPMENT NVDR on the next trading day is expected to be 59.75 with a mean absolute deviation of 0.28, mean absolute percentage error of 3.61, and the sum of the absolute errors of 16.75.

GULF ENERGY Stock Forecast Pattern

Backtest GULF ENERGY

GULF ENERGY Price Prediction

Buy or Sell Advice

GULF ENERGY Forecasted Value

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 GULF ENERGY stock data series using in forecasting. Note that when a statistical model is used to represent GULF ENERGY 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. When GULF ENERGY DEVELOPMENT NVDR 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 GULF ENERGY DEVELOPMENT NVDR trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent GULF ENERGY observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for GULF ENERGY

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GULF ENERGY DEVELOPMENT. 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 55.78 59.75 63.72 Details

Intrinsic Valuation Low Real High 53.28 57.25 61.22 Details

Other Forecasting Options for GULF ENERGY

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

GULF ENERGY Related Equities

Risk & Return

Correlation

GULF ENERGY DEVELOPMENT 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 GULF ENERGY'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 GULF ENERGY's current price.

GULF ENERGY Market Strength Events

GULF ENERGY Risk Indicators

Other Information on Investing in GULF Stock