Sweco AB Stock Forecast - Triple Exponential Smoothing

SWEC-A Stock  SEK 175.00  2.00  1.16%   
The Triple Exponential Smoothing forecasted value of Sweco AB on the next trading day is expected to be 175.92 with a mean absolute deviation of 2.43 and the sum of the absolute errors of 145.90. Sweco Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sweco AB stock prices and determine the direction of Sweco AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Sweco AB's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Triple exponential smoothing for Sweco AB - 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 Sweco AB 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 Sweco AB price movement. However, neither of these exponential smoothing models address any seasonality of Sweco AB.

Sweco AB Triple Exponential Smoothing Price Forecast For the 13th of December 2024

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Sweco AB on the next trading day is expected to be 175.92 with a mean absolute deviation of 2.43, mean absolute percentage error of 11.76, and the sum of the absolute errors of 145.90.
Please note that although there have been many attempts to predict Sweco 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 Sweco AB's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Sweco AB Stock Forecast Pattern

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Sweco AB Forecasted Value

In the context of forecasting Sweco AB'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. Sweco AB's downside and upside margins for the forecasting period are 174.03 and 177.81, respectively. We have considered Sweco AB'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
175.00
174.03
Downside
175.92
Expected Value
177.81
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 Sweco AB stock data series using in forecasting. Note that when a statistical model is used to represent Sweco AB 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 0.1992
MADMean absolute deviation2.4317
MAPEMean absolute percentage error0.0142
SAESum of the absolute errors145.9014
As with simple exponential smoothing, in triple exponential smoothing models past Sweco AB 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 Sweco AB observations.

Predictive Modules for Sweco AB

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sweco AB. 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
173.13175.00176.87
Details
Intrinsic
Valuation
LowRealHigh
142.72144.59192.50
Details
Bollinger
Band Projection (param)
LowMiddleHigh
154.27166.89179.51
Details

Other Forecasting Options for Sweco AB

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

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

Sweco AB 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 Sweco AB'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 Sweco AB's current price.

Sweco AB Market Strength Events

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

Sweco AB Risk Indicators

The analysis of Sweco AB'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 Sweco AB's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sweco 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 Sweco Stock

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