Nordinvestments Stock Forecast - Double Exponential Smoothing

NORD Stock   1.23  0.00  0.00%   
The Double Exponential Smoothing forecasted value of Nordinvestments AS on the next trading day is expected to be 1.23 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Nordinvestments Stock Forecast is based on your current time horizon.
  
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 Nordinvestments works best with periods where there are trends or seasonality.

Nordinvestments Double Exponential Smoothing Price Forecast For the 13th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Nordinvestments AS on the next trading day is expected to be 1.23 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.
Please note that although there have been many attempts to predict Nordinvestments 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 Nordinvestments' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Nordinvestments Stock Forecast Pattern

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Nordinvestments Forecasted Value

In the context of forecasting Nordinvestments' 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. Nordinvestments' downside and upside margins for the forecasting period are 1.23 and 1.23, respectively. We have considered Nordinvestments' 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
1.23
1.23
Expected Value
1.23
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 Nordinvestments stock data series using in forecasting. Note that when a statistical model is used to represent Nordinvestments 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 None
MADMean absolute deviation0.0
MAPEMean absolute percentage error0.0
SAESum of the absolute errors0.0
When Nordinvestments AS 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 Nordinvestments AS 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 Nordinvestments observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Nordinvestments

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nordinvestments AS. 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
1.231.231.23
Details
Intrinsic
Valuation
LowRealHigh
1.231.231.23
Details

Other Forecasting Options for Nordinvestments

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

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

Nordinvestments AS 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 Nordinvestments' 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 Nordinvestments' current price.

Nordinvestments Market Strength Events

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

Pair Trading with Nordinvestments

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 Nordinvestments 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 Nordinvestments will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Nordinvestments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordinvestments 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 Nordinvestments - 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 Nordinvestments AS to buy it.
The correlation of Nordinvestments 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 Nordinvestments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordinvestments AS 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 Nordinvestments 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

Other Information on Investing in Nordinvestments Stock

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