Weave Communications Stock Forecast - Triple Exponential Smoothing

WEAV Stock  USD 15.46  0.10  0.64%   
The Triple Exponential Smoothing forecasted value of Weave Communications on the next trading day is expected to be 15.62 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.40. Weave Stock Forecast is based on your current time horizon.
  
Fixed Asset Turnover is likely to climb to 3.75 in 2024, whereas Inventory Turnover is likely to drop 3.67 in 2024. . Common Stock Shares Outstanding is likely to climb to about 71.8 M in 2024, whereas Net Loss is likely to drop (47 M) in 2024.
Triple exponential smoothing for Weave Communications - 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 Weave Communications 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 Weave Communications price movement. However, neither of these exponential smoothing models address any seasonality of Weave Communications.

Weave Communications Triple Exponential Smoothing Price Forecast For the 14th of December 2024

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Weave Communications on the next trading day is expected to be 15.62 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.13, and the sum of the absolute errors of 15.40.
Please note that although there have been many attempts to predict Weave 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 Weave Communications' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Weave Communications Stock Forecast Pattern

Backtest Weave CommunicationsWeave Communications Price PredictionBuy or Sell Advice 

Weave Communications Forecasted Value

In the context of forecasting Weave Communications' 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. Weave Communications' downside and upside margins for the forecasting period are 13.03 and 18.20, respectively. We have considered Weave Communications' 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
15.46
15.62
Expected Value
18.20
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 Weave Communications stock data series using in forecasting. Note that when a statistical model is used to represent Weave Communications 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 0.0473
MADMean absolute deviation0.261
MAPEMean absolute percentage error0.0195
SAESum of the absolute errors15.3977
As with simple exponential smoothing, in triple exponential smoothing models past Weave Communications 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 Weave Communications observations.

Predictive Modules for Weave Communications

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Weave Communications. 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
12.9015.4918.08
Details
Intrinsic
Valuation
LowRealHigh
12.7615.3517.94
Details
7 Analysts
Consensus
LowTargetHigh
12.2213.4314.91
Details
Earnings
Estimates (0)
LowProjected EPSHigh
00.010.01
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Weave Communications. Your research has to be compared to or analyzed against Weave Communications' peers to derive any actionable benefits. When done correctly, Weave Communications' 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 Weave Communications.

Other Forecasting Options for Weave Communications

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

View Weave Communications Related Equities

 Risk & Return  Correlation

Weave Communications 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 Weave Communications' 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 Weave Communications' current price.

Weave Communications Market Strength Events

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

Weave Communications Risk Indicators

The analysis of Weave Communications' 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 Weave Communications' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting weave 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

Explore Investment Opportunities

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.
Explore Investing Ideas  

Additional Tools for Weave Stock Analysis

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