Iktinos Hellas Stock Forecast - Simple Exponential Smoothing

IKTIN Stock  EUR 0.34  0.02  6.25%   
The Simple Exponential Smoothing forecasted value of Iktinos Hellas SA on the next trading day is expected to be 0.34 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.43. Iktinos Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Iktinos Hellas stock prices and determine the direction of Iktinos Hellas SA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Iktinos Hellas' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Iktinos Hellas 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 Iktinos Hellas SA are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Iktinos Hellas SA prices get older.

Iktinos Hellas Simple Exponential Smoothing Price Forecast For the 16th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Iktinos Hellas SA on the next trading day is expected to be 0.34 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0001, and the sum of the absolute errors of 0.43.
Please note that although there have been many attempts to predict Iktinos 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 Iktinos Hellas' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Iktinos Hellas Stock Forecast Pattern

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Iktinos Hellas Forecasted Value

In the context of forecasting Iktinos Hellas' 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. Iktinos Hellas' downside and upside margins for the forecasting period are 0 and 3.48, respectively. We have considered Iktinos Hellas' 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
0.34
0.34
Expected Value
3.48
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 Iktinos Hellas stock data series using in forecasting. Note that when a statistical model is used to represent Iktinos Hellas 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 Criteria107.0788
BiasArithmetic mean of the errors 5.0E-4
MADMean absolute deviation0.0072
MAPEMean absolute percentage error0.0231
SAESum of the absolute errors0.43
This simple exponential smoothing model begins by setting Iktinos Hellas SA forecast for the second period equal to the observation of the first period. In other words, recent Iktinos Hellas observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Iktinos Hellas

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Iktinos Hellas SA. 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
LowEstimatedHigh
0.020.343.48
Details
Intrinsic
Valuation
LowRealHigh
0.010.283.42
Details

Other Forecasting Options for Iktinos Hellas

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

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

Iktinos Hellas SA 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 Iktinos Hellas' 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 Iktinos Hellas' current price.

Iktinos Hellas Market Strength Events

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

Iktinos Hellas Risk Indicators

The analysis of Iktinos Hellas' 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 Iktinos Hellas' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting iktinos 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.

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Other Information on Investing in Iktinos Stock

Iktinos Hellas financial ratios help investors to determine whether Iktinos 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 Iktinos with respect to the benefits of owning Iktinos Hellas security.