Standex International Stock Forecast - Double Exponential Smoothing
| SXI Stock | USD 207.89 0.33 0.16% |
The Double Exponential Smoothing forecasted value of Standex International on the next trading day is expected to be 208.17 with a mean absolute deviation of 2.57 and the sum of the absolute errors of 151.53. Standex Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Standex International's historical fundamentals, such as revenue growth or operating cash flow patterns.
Standex |
Standex International Double Exponential Smoothing Price Forecast For the 2nd of December
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Standex International on the next trading day is expected to be 208.17 with a mean absolute deviation of 2.57, mean absolute percentage error of 14.91, and the sum of the absolute errors of 151.53.Please note that although there have been many attempts to predict Standex 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 Standex International's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Standex International Stock Forecast Pattern
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Standex International Forecasted Value
In the context of forecasting Standex International'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. Standex International's downside and upside margins for the forecasting period are 206.14 and 210.20, respectively. We have considered Standex International'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.
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 Standex International stock data series using in forecasting. Note that when a statistical model is used to represent Standex International 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.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | -0.4276 |
| MAD | Mean absolute deviation | 2.5683 |
| MAPE | Mean absolute percentage error | 0.0137 |
| SAE | Sum of the absolute errors | 151.53 |
Predictive Modules for Standex International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Standex International. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Standex International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Standex International
For every potential investor in Standex, whether a beginner or expert, Standex International's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Standex Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Standex. Basic forecasting techniques help filter out the noise by identifying Standex International's price trends.Standex International 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 Standex International stock to make a market-neutral strategy. Peer analysis of Standex International could also be used in its relative valuation, which is a method of valuing Standex International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Standex International 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 Standex International'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 Standex International's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volatility Indicators | ||
| Volume Indicators |
Standex International Market Strength Events
Market strength indicators help investors to evaluate how Standex International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Standex International shares will generate the highest return on investment. By undertsting and applying Standex International stock market strength indicators, traders can identify Standex International entry and exit signals to maximize returns.
Standex International Risk Indicators
The analysis of Standex International'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 Standex International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting standex 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.
| Mean Deviation | 1.41 | |||
| Semi Deviation | 1.33 | |||
| Standard Deviation | 2.09 | |||
| Variance | 4.36 | |||
| Downside Variance | 2.64 | |||
| Semi Variance | 1.78 | |||
| Expected Short fall | (1.59) |
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.
Currently Active Assets on Macroaxis
When determining whether Standex International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Standex International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Standex International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Standex International Stock:Check out Historical Fundamental Analysis of Standex International to cross-verify your projections. For more detail on how to invest in Standex Stock please use our How to Invest in Standex International guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Standex International. If investors know Standex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Standex International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 6.613 | Dividend Share 1.2 | Earnings Share 6.13 | Revenue Per Share 59.989 | Quarterly Revenue Growth 0.266 |
The market value of Standex International is measured differently than its book value, which is the value of Standex that is recorded on the company's balance sheet. Investors also form their own opinion of Standex International's value that differs from its market value or its book value, called intrinsic value, which is Standex International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Standex International's market value can be influenced by many factors that don't directly affect Standex International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Standex International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Standex International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Standex International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.