Sendas Distribuidora Stock Forecast - Double Exponential Smoothing
| ASAI Stock | USD 11.66 0.43 3.56% |
The Double Exponential Smoothing forecasted value of Sendas Distribuidora SA on the next trading day is expected to be 11.58 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.39. Sendas Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sendas Distribuidora stock prices and determine the direction of Sendas Distribuidora SA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Sendas Distribuidora's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Sendas Distribuidora's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Sendas Distribuidora's systematic risk associated with finding meaningful patterns of Sendas Distribuidora fundamentals over time.
Check out Historical Fundamental Analysis of Sendas Distribuidora to cross-verify your projections. Sendas |
Open Interest Against 2024-06-21 Sendas Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Sendas Distribuidora's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Sendas Distribuidora's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Sendas Distribuidora stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Sendas Distribuidora's open interest, investors have to compare it to Sendas Distribuidora's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Sendas Distribuidora is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Sendas. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Sendas Distribuidora cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Sendas Distribuidora's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Sendas Distribuidora's price structures and extracts relationships that further increase the generated results' accuracy.
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 Sendas Distribuidora works best with periods where there are trends or seasonality. Sendas Distribuidora Double Exponential Smoothing Price Forecast For the 3rd of June
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Sendas Distribuidora SA on the next trading day is expected to be 11.58 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.11, and the sum of the absolute errors of 15.39.Please note that although there have been many attempts to predict Sendas 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 Sendas Distribuidora's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sendas Distribuidora Stock Forecast Pattern
| Backtest Sendas Distribuidora | Sendas Distribuidora Price Prediction | Buy or Sell Advice |
Sendas Distribuidora Forecasted Value
In the context of forecasting Sendas Distribuidora'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. Sendas Distribuidora's downside and upside margins for the forecasting period are 9.28 and 13.87, respectively. We have considered Sendas Distribuidora'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 Sendas Distribuidora stock data series using in forecasting. Note that when a statistical model is used to represent Sendas Distribuidora 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 | -0.045 |
| MAD | Mean absolute deviation | 0.2609 |
| MAPE | Mean absolute percentage error | 0.0193 |
| SAE | Sum of the absolute errors | 15.3912 |
Predictive Modules for Sendas Distribuidora
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sendas Distribuidora. 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 Sendas Distribuidora'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 Sendas Distribuidora
For every potential investor in Sendas, whether a beginner or expert, Sendas Distribuidora's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sendas Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sendas. Basic forecasting techniques help filter out the noise by identifying Sendas Distribuidora's price trends.Sendas Distribuidora 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 Sendas Distribuidora stock to make a market-neutral strategy. Peer analysis of Sendas Distribuidora could also be used in its relative valuation, which is a method of valuing Sendas Distribuidora by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sendas Distribuidora 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 Sendas Distribuidora'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 Sendas Distribuidora's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Sendas Distribuidora Market Strength Events
Market strength indicators help investors to evaluate how Sendas Distribuidora stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sendas Distribuidora shares will generate the highest return on investment. By undertsting and applying Sendas Distribuidora stock market strength indicators, traders can identify Sendas Distribuidora SA entry and exit signals to maximize returns.
Sendas Distribuidora Risk Indicators
The analysis of Sendas Distribuidora'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 Sendas Distribuidora's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sendas 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 | 1.72 | |||
| Standard Deviation | 2.27 | |||
| Variance | 5.13 |
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 Sendas Distribuidora offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sendas Distribuidora'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 Sendas Distribuidora Sa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sendas Distribuidora Sa Stock:Check out Historical Fundamental Analysis of Sendas Distribuidora to cross-verify your projections. Note that the Sendas Distribuidora information on this page should be used as a complementary analysis to other Sendas Distribuidora's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Sendas Stock analysis
When running Sendas Distribuidora's price analysis, check to measure Sendas Distribuidora's 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 Sendas Distribuidora is operating at the current time. Most of Sendas Distribuidora's value examination focuses on studying past and present price action to predict the probability of Sendas Distribuidora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sendas Distribuidora's price. Additionally, you may evaluate how the addition of Sendas Distribuidora to your portfolios can decrease your overall portfolio volatility.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
Is Sendas Distribuidora's industry 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 Sendas Distribuidora. If investors know Sendas 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 Sendas Distribuidora 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 (0.17) | Earnings Share 0.5 | Revenue Per Share 254.04 | Quarterly Revenue Growth 0.141 | Return On Assets 0.0524 |
The market value of Sendas Distribuidora is measured differently than its book value, which is the value of Sendas that is recorded on the company's balance sheet. Investors also form their own opinion of Sendas Distribuidora's value that differs from its market value or its book value, called intrinsic value, which is Sendas Distribuidora'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 Sendas Distribuidora's market value can be influenced by many factors that don't directly affect Sendas Distribuidora'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 Sendas Distribuidora's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sendas Distribuidora is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sendas Distribuidora'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.