Integra LifeSciences Stock Forecast - Triple Exponential Smoothing
| IART Stock | USD 21.80 0.09 0.41% |
The Triple Exponential Smoothing forecasted value of Integra LifeSciences Holdings on the next trading day is expected to be 21.83 with a mean absolute deviation of 0.52 and the sum of the absolute errors of 30.57. Integra Stock Forecast is based on your current time horizon.
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Integra LifeSciences Triple Exponential Smoothing Price Forecast For the 23rd of December
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Integra LifeSciences Holdings on the next trading day is expected to be 21.83 with a mean absolute deviation of 0.52, mean absolute percentage error of 0.72, and the sum of the absolute errors of 30.57.Please note that although there have been many attempts to predict Integra 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 Integra LifeSciences' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Integra LifeSciences Stock Forecast Pattern
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Integra LifeSciences Forecasted Value
In the context of forecasting Integra LifeSciences' 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. Integra LifeSciences' downside and upside margins for the forecasting period are 17.89 and 25.76, respectively. We have considered Integra LifeSciences' 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 Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Integra LifeSciences stock data series using in forecasting. Note that when a statistical model is used to represent Integra LifeSciences 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 | 0.1351 |
| MAD | Mean absolute deviation | 0.5181 |
| MAPE | Mean absolute percentage error | 0.0233 |
| SAE | Sum of the absolute errors | 30.5654 |
Predictive Modules for Integra LifeSciences
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Integra LifeSciences. 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 Integra LifeSciences
For every potential investor in Integra, whether a beginner or expert, Integra LifeSciences' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Integra Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Integra. Basic forecasting techniques help filter out the noise by identifying Integra LifeSciences' price trends.Integra LifeSciences 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 Integra LifeSciences stock to make a market-neutral strategy. Peer analysis of Integra LifeSciences could also be used in its relative valuation, which is a method of valuing Integra LifeSciences by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Integra LifeSciences 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 Integra LifeSciences' 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 Integra LifeSciences' current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volume Indicators |
Integra LifeSciences Market Strength Events
Market strength indicators help investors to evaluate how Integra LifeSciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Integra LifeSciences shares will generate the highest return on investment. By undertsting and applying Integra LifeSciences stock market strength indicators, traders can identify Integra LifeSciences Holdings entry and exit signals to maximize returns.
Integra LifeSciences Risk Indicators
The analysis of Integra LifeSciences' 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 Integra LifeSciences' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting integra 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 | 2.18 | |||
| Semi Deviation | 2.03 | |||
| Standard Deviation | 3.91 | |||
| Variance | 15.27 | |||
| Downside Variance | 6.09 | |||
| Semi Variance | 4.13 | |||
| Expected Short fall | (2.49) |
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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Additional Tools for Integra Stock Analysis
When running Integra LifeSciences' price analysis, check to measure Integra LifeSciences' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Integra LifeSciences is operating at the current time. Most of Integra LifeSciences' value examination focuses on studying past and present price action to predict the probability of Integra LifeSciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Integra LifeSciences' price. Additionally, you may evaluate how the addition of Integra LifeSciences to your portfolios can decrease your overall portfolio volatility.