Imperial Petroleum Preferred Stock Forecast - Triple Exponential Smoothing

IMPPP Preferred Stock  USD 25.66  0.04  0.16%   
The Triple Exponential Smoothing forecasted value of Imperial Petroleum Preferred on the next trading day is expected to be 25.71 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.99. Imperial Preferred Stock Forecast is based on your current time horizon.
  
Triple exponential smoothing for Imperial Petroleum - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Imperial Petroleum 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 trend in Imperial Petroleum price movement. However, neither of these exponential smoothing models address any seasonality of Imperial Petroleum.

Imperial Petroleum Triple Exponential Smoothing Price Forecast For the 25th of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Imperial Petroleum Preferred on the next trading day is expected to be 25.71 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.04, and the sum of the absolute errors of 7.99.
Please note that although there have been many attempts to predict Imperial Preferred 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 Imperial Petroleum's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Imperial Petroleum Preferred Stock Forecast Pattern

Backtest Imperial PetroleumImperial Petroleum Price PredictionBuy or Sell Advice 

Imperial Petroleum Forecasted Value

In the context of forecasting Imperial Petroleum's Preferred 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. Imperial Petroleum's downside and upside margins for the forecasting period are 24.96 and 26.45, respectively. We have considered Imperial Petroleum'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
25.66
25.71
Expected Value
26.45
Upside

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 Imperial Petroleum preferred stock data series using in forecasting. Note that when a statistical model is used to represent Imperial Petroleum preferred 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 CriteriaHuge
BiasArithmetic mean of the errors -0.0329
MADMean absolute deviation0.1331
MAPEMean absolute percentage error0.0053
SAESum of the absolute errors7.9853
As with simple exponential smoothing, in triple exponential smoothing models past Imperial Petroleum observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Imperial Petroleum Preferred observations.

Predictive Modules for Imperial Petroleum

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Imperial Petroleum. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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
24.9225.6626.40
Details
Intrinsic
Valuation
LowRealHigh
20.3021.0428.23
Details

Other Forecasting Options for Imperial Petroleum

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

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

Imperial Petroleum Technical and Predictive Analytics

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

Imperial Petroleum Market Strength Events

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

Imperial Petroleum Risk Indicators

The analysis of Imperial Petroleum'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 Imperial Petroleum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting imperial preferred 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.

Pair Trading with Imperial Petroleum

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Imperial Petroleum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Imperial Petroleum will appreciate offsetting losses from the drop in the long position's value.

Moving together with Imperial Preferred Stock

  0.77EE Excelerate EnergyPairCorr
  0.78ET Energy Transfer LP Aggressive PushPairCorr
  0.75DLNG Dynagas LNG PartnersPairCorr

Moving against Imperial Preferred Stock

  0.76GEL Genesis Energy LPPairCorr
  0.75DHT DHT HoldingsPairCorr
  0.75FRO FrontlinePairCorr
  0.71PXSAW Pyxis TankersPairCorr
  0.68TK TeekayPairCorr
The ability to find closely correlated positions to Imperial Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imperial Petroleum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Imperial Petroleum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Imperial Petroleum Preferred to buy it.
The correlation of Imperial Petroleum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Imperial Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imperial Petroleum moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Imperial Petroleum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Imperial Preferred Stock Analysis

When running Imperial Petroleum's price analysis, check to measure Imperial Petroleum's 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 Imperial Petroleum is operating at the current time. Most of Imperial Petroleum's value examination focuses on studying past and present price action to predict the probability of Imperial Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Imperial Petroleum's price. Additionally, you may evaluate how the addition of Imperial Petroleum to your portfolios can decrease your overall portfolio volatility.