Mr Price Stock Forecast - Double Exponential Smoothing

MRP Stock   29,197  225.00  0.76%   
The Double Exponential Smoothing forecasted value of Mr Price Group on the next trading day is expected to be 29,184 with a mean absolute deviation of 358.44 and the sum of the absolute errors of 21,148. MRP Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Mr Price stock prices and determine the direction of Mr Price Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Mr Price's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
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 Mr Price works best with periods where there are trends or seasonality.

Mr Price Double Exponential Smoothing Price Forecast For the 14th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Mr Price Group on the next trading day is expected to be 29,184 with a mean absolute deviation of 358.44, mean absolute percentage error of 242,126, and the sum of the absolute errors of 21,148.
Please note that although there have been many attempts to predict MRP 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 Mr Price's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Mr Price Stock Forecast Pattern

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Mr Price Forecasted Value

In the context of forecasting Mr Price's 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. Mr Price's downside and upside margins for the forecasting period are 29,182 and 29,185, respectively. We have considered Mr Price'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
29,197
29,182
Downside
29,184
Expected Value
29,185
Upside

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 Mr Price stock data series using in forecasting. Note that when a statistical model is used to represent Mr Price 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 59.069
MADMean absolute deviation358.442
MAPEMean absolute percentage error0.0133
SAESum of the absolute errors21148.0799
When Mr Price Group 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 Mr Price Group 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 Mr Price observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Mr Price

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mr Price Group. 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
29,19529,19729,199
Details
Intrinsic
Valuation
LowRealHigh
28,02728,02932,117
Details
Bollinger
Band Projection (param)
LowMiddleHigh
29,05729,24229,427
Details

Other Forecasting Options for Mr Price

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

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

Mr Price Group 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 Mr Price'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 Mr Price's current price.

Mr Price Market Strength Events

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

Mr Price Risk Indicators

The analysis of Mr Price'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 Mr Price's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mrp 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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in MRP Stock

Mr Price financial ratios help investors to determine whether MRP 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 MRP with respect to the benefits of owning Mr Price security.