WESTLIFE FOODWORLD Stock Forecast - Simple Exponential Smoothing

WESTLIFE   815.05  18.85  2.37%   
The Simple Exponential Smoothing forecasted value of WESTLIFE FOODWORLD LIMITED on the next trading day is expected to be 815.05 with a mean absolute deviation of 14.30 and the sum of the absolute errors of 857.80. WESTLIFE Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of WESTLIFE FOODWORLD's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At this time, WESTLIFE FOODWORLD's Property Plant And Equipment Net is most likely to increase significantly in the upcoming years. The WESTLIFE FOODWORLD's current Net Debt is estimated to increase to about 16.7 B, while Total Stockholder Equity is projected to decrease to roughly 4.1 B.
WESTLIFE FOODWORLD simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for WESTLIFE FOODWORLD LIMITED are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as WESTLIFE FOODWORLD prices get older.

WESTLIFE FOODWORLD Simple Exponential Smoothing Price Forecast For the 9th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of WESTLIFE FOODWORLD LIMITED on the next trading day is expected to be 815.05 with a mean absolute deviation of 14.30, mean absolute percentage error of 335.88, and the sum of the absolute errors of 857.80.
Please note that although there have been many attempts to predict WESTLIFE 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 WESTLIFE FOODWORLD's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

WESTLIFE FOODWORLD Stock Forecast Pattern

Backtest WESTLIFE FOODWORLDWESTLIFE FOODWORLD Price PredictionBuy or Sell Advice 

WESTLIFE FOODWORLD Forecasted Value

In the context of forecasting WESTLIFE FOODWORLD'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. WESTLIFE FOODWORLD's downside and upside margins for the forecasting period are 812.86 and 817.24, respectively. We have considered WESTLIFE FOODWORLD'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
815.05
812.86
Downside
815.05
Expected Value
817.24
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of WESTLIFE FOODWORLD stock data series using in forecasting. Note that when a statistical model is used to represent WESTLIFE FOODWORLD 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 Criteria122.0894
BiasArithmetic mean of the errors -0.24
MADMean absolute deviation14.2967
MAPEMean absolute percentage error0.0176
SAESum of the absolute errors857.8
This simple exponential smoothing model begins by setting WESTLIFE FOODWORLD LIMITED forecast for the second period equal to the observation of the first period. In other words, recent WESTLIFE FOODWORLD observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for WESTLIFE FOODWORLD

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as WESTLIFE FOODWORLD. 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
812.86815.05817.24
Details
Intrinsic
Valuation
LowRealHigh
808.21810.40896.56
Details
Bollinger
Band Projection (param)
LowMiddleHigh
684.48752.25820.02
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.281.441.60
Details

Other Forecasting Options for WESTLIFE FOODWORLD

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

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

WESTLIFE FOODWORLD 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 WESTLIFE FOODWORLD'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 WESTLIFE FOODWORLD's current price.

WESTLIFE FOODWORLD Market Strength Events

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

WESTLIFE FOODWORLD Risk Indicators

The analysis of WESTLIFE FOODWORLD'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 WESTLIFE FOODWORLD's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting westlife 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.

Other Information on Investing in WESTLIFE Stock

WESTLIFE FOODWORLD financial ratios help investors to determine whether WESTLIFE 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 WESTLIFE with respect to the benefits of owning WESTLIFE FOODWORLD security.