Stock Yards Stock Forecast - Double Exponential Smoothing

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 Stock Yards works best with periods where there are trends or seasonality.

Stock Yards Double Exponential Smoothing Price Forecast For the 28th of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Stock Yards Bancorp on the next trading day is expected to be 71.57 with a mean absolute deviation of 1.21, mean absolute percentage error of 2.96, and the sum of the absolute errors of 71.26.

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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 Stock Yards stock data series using in forecasting. Note that when a statistical model is used to represent Stock Yards 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. When Stock Yards Bancorp 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 Stock Yards Bancorp 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 Stock Yards observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Stock Yards

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Stock Yards Bancorp. 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 Low Estimated High 70.69 73.06 75.43 Details

Intrinsic Valuation Low Real High 65.19 67.56 80.44 Details

6 Analysts Consensus Low Target High 47.78 52.50 58.28 Details

Earnings Estimates (0) Low Projected EPS High 0.94 0.99 0.96 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Stock Yards. Your research has to be compared to or analyzed against Stock Yards' peers to derive any actionable benefits. When done correctly, Stock Yards' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Stock Yards Bancorp.

Other Forecasting Options for Stock Yards

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

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Stock Yards Bancorp 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 Stock Yards' 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 Stock Yards' current price.

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