Roto Pumps Stock Forecast - Triple Exponential Smoothing

ROTO Stock   299.90  15.10  4.79%   
The Triple Exponential Smoothing forecasted value of Roto Pumps Limited on the next trading day is expected to be 300.03 with a mean absolute deviation of 6.30 and the sum of the absolute errors of 371.68. Roto Stock Forecast is based on your current time horizon.
  
At this time, Roto Pumps' Non Current Liabilities Total is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 52.2 M in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 294.4 M in 2024.
Triple exponential smoothing for Roto Pumps - 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 Roto Pumps 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 Roto Pumps price movement. However, neither of these exponential smoothing models address any seasonality of Roto Pumps Limited.

Roto Pumps Triple Exponential Smoothing Price Forecast For the 23rd of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Roto Pumps Limited on the next trading day is expected to be 300.03 with a mean absolute deviation of 6.30, mean absolute percentage error of 70.96, and the sum of the absolute errors of 371.68.
Please note that although there have been many attempts to predict Roto 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 Roto Pumps' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Roto Pumps Stock Forecast Pattern

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Roto Pumps Forecasted Value

In the context of forecasting Roto Pumps' 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. Roto Pumps' downside and upside margins for the forecasting period are 297.01 and 303.05, respectively. We have considered Roto Pumps' 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
299.90
297.01
Downside
300.03
Expected Value
303.05
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 Roto Pumps stock data series using in forecasting. Note that when a statistical model is used to represent Roto Pumps 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 -0.2339
MADMean absolute deviation6.2997
MAPEMean absolute percentage error0.0232
SAESum of the absolute errors371.68
As with simple exponential smoothing, in triple exponential smoothing models past Roto Pumps 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 Roto Pumps Limited observations.

Predictive Modules for Roto Pumps

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Roto Pumps Limited. 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
297.13300.15303.17
Details
Intrinsic
Valuation
LowRealHigh
239.96242.98329.89
Details
Bollinger
Band Projection (param)
LowMiddleHigh
239.13291.16343.18
Details

Other Forecasting Options for Roto Pumps

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

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

Roto Pumps Limited 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 Roto Pumps' 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 Roto Pumps' current price.

Roto Pumps Market Strength Events

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

Roto Pumps Risk Indicators

The analysis of Roto Pumps' 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 Roto Pumps' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting roto 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.

Additional Tools for Roto Stock Analysis

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